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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
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
Benefit Payments – LASERS When the 1st Falls on a Weekend or Holiday: Benefit payments are scheduled to be paid on the first of the month However, 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 or holiday If you have questions regarding the availability of your funds, please contact your financial
Ready to Retire – LASERS Thank you for your service to the state of Louisiana! It’s important to remember that retirement is not an overnight process and involves teamwork – you, your agency, LASERS, and ample planning time When you are ready to retire, review our checklist and resources in this section to get acquainted with the process and begin your retirement planning
About – LASERS Welcome The Louisiana State Employees’ Retirement System (LASERS) provides defined benefit plans for various categories of members: Regular State Employees Hazardous Duty Services Correctional Officers Wildlife Agents Peace Officers Bridge Police for the Crescent City Connection (DOTD) Alcohol and Tobacco Agents for the Department of Revenue Certain State Legislative Officers and Elected
Careers – LASERS The Louisiana Deferred Compensation Plan is an IRS Section 457 deferred compensation plan that allows public employees to participate in a tax-sheltered program Deferred compensation is income that the employee chooses not to receive in the payroll period in which it is earned This plan is offered as a benefit to LASERS employees, and participation is optional Additional information can be
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
Investments – LASERS LASERS is a long-term investor managed by its Board of Trustees and a team of dedicated investment professionals Investment income is the main source of revenue for benefits paid to our members and their beneficiaries
LIAISON MEMORANDUM NUMBER 24-01 - lasersonline. org These rates are detailed in the table below, LASERS 2024-2025 Contribution Rates by Plan, which should be used to calculate employer contributions to LASERS beginning July 1, 2024 These rates are effective for all payrolls with a payment date of July 1, 2024, or later, irrespective of the pay-period date