Louisiana Deferred Compensation Plan

Dolores Nehlig, Loyd, Kathy L.  |  4/4/2006 11:02:08 PM

The LDCP is a "defined contribution" plan to which employee and employer make contributions directly to the LDCP to be invested in a a retirement annuity contract in the employee's name. To view the enrollment eligibility requirements and exceptions, click here for the Retirement Plan Options Chart.


Overview

  • Employee contribution is 7.5% of salary
  • AgCenter contribution is 6.2% of salary
  • Asset management fee of .0085 of total assets
  • Immediately vested
  • Benefit payable upon retirement based exclusively on:
    • contributions in the employee's account
    • earnings on those contributions
    • age when benefits begin
    • type of annuity chosen

 
LDCP Related Form


For additional information, go directly to the LDCP website at www.louisianadcp.com.

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