Louisiana State Employees' Retirement System (LASERS)

LASERS is a "defined benefit" plan wherein the employee and employer make contributions into a "pool" of funds from which members receive a retirement income based on a benefit formula. To view the enrollment eligibility requirements and exceptions, click here for the Retirement Plan Options Chart.


Overview - Employees Hired Prior to July 1, 2006

• Employee contribution is 7.5% of salary
• The formula for maximum retirement benefits is 2.5% times creditable years of service (inclusive of leave credit) times the average salary for your thirty-six highest successive months.
• Minimum eligibility requirements for regular retirement are:
• 10 years at age 60
• 25 years at age 55
• 30 years at any age
• Early retirement with an actuarial reduction is available when the member has acquired 20 years of service at any age
• Vested after 10 years of service

Overview - Employees Hired On or After July 1, 2006

• Employee contribution is 8% of salary
• The formula for maximum retirement benefits is 2.5% times creditable years of service (inclusive of leave credit) times the average salary for your sixty highest successive months.
• Minimum eligibility requirements for regular retirement are:
• 10 years at age 60
• Vested after 10 years of service

Side-by-Side Comparison of Changes Resulting From Act 75 of 2005

LASERS Related Forms

• Address Change
• Beneficiary Designation
• Enrollment Form
• Name Change
• Refund of Accumulated Contributions

For additional information, go directly to the LASERS website at www.lasers.state.la.us.