Louisiana State Employees Retirement System (LASERS)

Dolores Nehlig, Loyd, Kathy L.  |  4/4/2006 12:17:50 AM

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:
    • 5 years at age 60
  • Vested after 5 years of service

LASERS Related Forms can be found on their website, here: www.lasersonline.org/forms

For other information, the main website is here:  LASERS website at www.lasersonline.org

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