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Member’s Guide to Retirement – LASERS 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 Use the tabs below to view the full document or individual chapters
Members – LASERS 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 Use the left-side menu or select a stage below to explore the resources available to guide you in your retirement journey
Get the Facts – LASERS The documents on this page provide accurate information regarding LASERS and other helpful facts
DROP Information – LASERS 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 The Public Retirement Systems’ Actuarial Committee (PRSAC) approved the interest rate at its meeting on December 11, 2024 The interest will be posted to accounts in January
Annual Reports – LASERS This document is a detailed financial overview of LASERS This award winning report is prepared by our Fiscal, Investments, and Public Information Divisions It consists of LASERS management representations concerning the System’s finances as reviewed by external auditors, as well as information on annual progress made by individual divisions Current: Fiscal Year 2023-2024 Archive: Previous
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 Watch a recording of the webinar below:
Frequently Asked Questions – LASERS How are LASERS assets invested? LASERS assets are invested in diversified stock, bond, and alternative asset portfolios See Asset Allocation for details
February Benefit Payment Falls on a Saturday – LASERS January 28, 2025 Since February 1 falls on a Saturday, receipt of your funds can be affected by whether you receive a check or direct deposit and your financial institution’s rules when the first falls on a weekend and or holiday Direct Deposits are guaranteed to be in your bank or credit union on the first day of the month When the first falls on a Saturday, Sunday, or holiday, funds may
Estimate My Benefit – LASERS Calculating Your Retirement Benefit Seminar In this 1 5 hour virtual seminar, LASERS representatives will provide an in-depth explanation of how your LASERS retirement benefit is calculated, explain LASERS retirement options in detail, review the Benefit Estimate Calculator in myLASERS, and more