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  • Form 5-01 Request For Retirement Benefit Estimate - Louisiana State ... - Lasersonline

Get Form 5-01 Request For Retirement Benefit Estimate - Louisiana State ... - Lasersonline

Form 5-01 R102013 PRINT ALL INFORMATION www.lasersonline.org P.O. Box 44213, Baton Rouge, LA 70804-4213 225.922.0600 ? Toll-Free 1.800.256.3000 225.922.0612 (hearing impaired) Request for Retirement.

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Retirement Calculation Formula Your retirement benefit is calculated using a formula with three factors: Service credit (Years) multiplied by your benefit factor (percentage per year) multiplied by your final monthly compensation equals your unmodified allowance.

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.

Average Indexed Monthly Earnings (AIME) After we determine the number of years, we choose those years with the highest indexed earnings, sum such indexed earnings, and divide the total amount by the total number of months in those years. We then round the resulting average amount down to the next lower dollar amount.

The retirement calculation: When you retire, calculate 4% of your total retirement savings; this is what you can draw down during your first year. The second year, adjust for inflation by adding 3% to your first-year figure. This is your new 4%. Continue every year by adding 3% more.

The retirement benefit formula is calculated by multiplying the member's final average compensation (FAC) by the member's benefit accrual rate by the member's years of service credit. This is the maximum retirement benefit the member can receive.

To be eligible for regular retirement, you must have: 30 years service credit at any age. 25 years service credit at age 55, 10 years service credit at age 60, or.

If you make approximately $50,000 per year and retire at 66, you will earn an average of $1,592 per month. However, if you were to choose to retire earlier, at 62 for example, you'd only earn an average of $1,075 per month.

Your retirement benefit is calculated using a formula with three factors: Service credit (Years) multiplied by your benefit factor (percentage per year) multiplied by your final monthly compensation equals your unmodified allowance.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232