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  • Purchasing Air Time For Retirement Eligibility A Lasers Member ... - Lasersonline

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Purchasing Air Time for Retirement Eligibility A LASERS member with at least five years of service credit in LASERS is allowed to purchase up to five years of service credit, in one-year increments,.

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Related content

Application for Retirement - LASERS
PRINT ALL INFORMATION www.lasersonline.org. Application for Retirement. P.O. Box 44213...
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Louisiana State Employees' Retirement System...
LASERS, a member may retire with 20 years of service credit at any age. However, the...
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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.

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.

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.

If you have at least five years of service credit in LASERS, you may purchase up to five years of additional service credit, or Air Time, in one-year increments. The Internal Revenue Code prohibits purchasing more than five years of time not actually worked.

If you are offered early retirement by your agency under the Voluntary Early Retirement Authority (VERA), you can retire at age 50 with 20 years of service or at any age with 25. However, your annuity will be reduced by 2 percent for every year (1/6 percent per month) that you are under age 55.

35 Years of Earnings An important part of determining your Social Security retirement benefit is the amount that you earn during your work career.

Normal retirement eligibility is at 62 years of age with 5+ years of state service. Employees have access to Louisiana's 457(B) deferred compensation plan which is an optional, supplemental retirement plan that allows additional tax-deferred retirement savings.

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© Copyright 1997-2025
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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
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
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