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Active Employees

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You may be entitled to Medicare coverage if you are a State retiree who has paid Medicare tax, the spouse or former spouse of a State employee who has paid Medicare tax, a State retiree receiving a disability retirement from LASERS, or the spouse of a State disability retiree. Contact the Social Security Administration for specific information at 1-800-772-1213 or http://www.socialsecurity.gov/.

Rollover of Assets
In response to a federal law change, LASERS can now accept rollover of funds from Deferred Compensation (457) accounts or other qualified plans or IRA’s. These funds can be used by active members to purchase service, repay refunds or to transfer service credit into this system. Complete the form 2-13,Rollover of Assets, which you may obtain by calling or writing LASERS Member Services Division. If the invoice you received from LASERS is expired, send a written request to obtain an update.

By delivering your funds to us, you and the financial institution releasing the funds acknowledge and certify that

  1. the distribution qualifies as an IRS-eligible rollover;
  2. that the funds do not include any required minimum distributions;
  3. you understand that once completed, the roll-over process is irrevocable.

Members are urged to contact a financial professional such as a CPA, tax attorney or certified financial planner for advice on this topic.

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2006 Louisiana State Employees' Retirement System - LASERS, All rights reserved.