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LASERS Members - lasersonline. org Whether you are new to LASERS, experiencing life changes in the middle of your career, or preparing for retirement, we aim to ensure that you are well-informed and prepared when you are ready to retire
RSEA Webinar 2025 – LASERS LASERS Executive Director Trey Boudreaux spoke at the annual RSEA Chapter Meeting webinar on Wednesday, March 26, 2025 The presentation covered key topics affecting state employees’ and retirees’ pension benefits, an overview of the upcoming Legislative Session, and other important updates
Member’s Guide to Retirement – LASERS - lasersonline. org This may be your most important LASERS resource This guide contains detailed information about LASERS membership, the Initial Benefit Option (IBO) and Deferred Retirement Option Plan (DROP), service credit, transfers, unused leave, re-employed retirees, various retirement options, and much more
Self-Directed Plan – LASERS - lasersonline. org Participation in the Self-Directed Plan is optional if: you became eligible for retirement before January 1, 2004 and select an IBO at the time of your actual retirement, OR you became eligible for DROP participation before January 1, 2004, OR you are a spousal beneficiary of a DROP IBO participant ; Participation in the Self-Directed Plan is mandatory if:
myLASERS Help – LASERS LASERS has implemented all the latest technologies to protect your data with the implementation of Multi-Factor Authentication (MFA) With MFA, your password and a new second factor security code will be needed to log in The code will be sent to your phone via text or voice
DROP Information – LASERS - lasersonline. org The rate of interest to be paid on eligible (non-Self Directed Plan) DROP accounts for the fiscal year that ended June 30, 2024, is 7 76 percent This interest rate is based on a five-year actuarially smoothed return
Member FAQs – LASERS - lasersonline. org Unused annual and sick leave benefits you at retirement If you retire in state service, or out of state service with at least 20 years of service credit, your unused leave can either be converted to service credit to increase your monthly benefit or be paid to you in a lump sum
Retirees – LASERS The LASERS Board of Trustees considers the reduction or elimination of the WEP and GPO as a significant Board issue However, any change to these offsets must be made on the federal level LASERS continues to track federal and state legislation regarding changes to the WEP and GPO and will keep members informed as changes occur
Retiree FAQs – LASERS - lasersonline. org If you entered DROP based on a retirement eligibility date prior to January 1, 2004, you may still have your DROP account held at LASERS Those accounts earn interest based on the investment returns earned by LASERS, but those returns are “smoothed” over a five year period