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What is the retirement age for LASERS?

30 years of service at any age 25 years of service at age 55 10 years of service at age 60 20 years of service at any age, actuarially reduced (Deferred Retirement Option Plan [DROP] participation and retirement with an Initial Benefit Option [IBO] are not available to members who choose this option).

What are the 3 types of retirement?

There are actually 3 different types of retirement: Traditional retirement. Semi-retirement. Temporary retirement.

Can I withdraw from my LASERS account?

If you are selecting a monthly withdrawal and would like your monthly withdrawal directly deposited into your bank account, please attach Form 4-05, Authorization for Direct Deposit. Withdrawals will be processed within two weeks from the date all necessary documents are received by LASERS.

When can I retire with LASERS?

25 years of service or more at age 55 or later. 10 years of service or more at age 60 or later. At 20 years of service you may retire at any age but your benefit will be reduced on an actuarial basis which is based on your age, length of service and number of years from your regular retirement age.

How do I withdraw from laser for retirement?

On the LASERS website, go to Forms at the top of the screen, Select Member Forms; under DROP/IBO choose the form 09-03 Request for Withdrawal from DROP-IBO. The completed form may be faxed to 225-935-2856 or mailed to P. O. Box 44213, Baton Rouge, LA 70804.

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Can I withdraw from my LASERS account?

If you are selecting a monthly withdrawal and would like your monthly withdrawal directly deposited into your bank account, please attach Form 4-05, Authorization for Direct Deposit. Withdrawals will be processed within two weeks from the date all necessary documents are received by LASERS.

What is a laser retirement account?

LASERS administers a qualified pension and retirement plan under section 401(a) of the Internal Revenue Code. LASERS is a trust fund created to provide retirement and other benefits for state o cers, employees, and their beneficiaries. The LASERS Board of Trustees governs your retirement system.

How do I withdraw from laser for retirement?

On the LASERS website, go to Forms at the top of the screen, Select Member Forms; under DROP/IBO choose the form 09-03 Request for Withdrawal from DROP-IBO. The completed form may be faxed to 225-935-2856 or mailed to P. O. Box 44213, Baton Rouge, LA 70804.

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