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Structure

LASERS is a defined benefit plan under Section 401(a) of the Internal Revenue Code.

Governance

The LASERS Board of Trustees governs your retirement system. It is composed of 13 Trustees, nine of whom are elected by the membership.

  • Six Trustees are elected by active members;
  • Three Trustees are elected by retired members;
  • Four ex officio seats are occupied by the Louisiana State Treasurer, the Chair of the Senate Committee on Retirement, a member of the House Committee on Retirement, and the Commissioner of the Division of Administration, or their designees.

Membership

Membership in LASERS is mandatory for all state employees whose employing agencies are LASERS participants, except those exempted by state law.

For further details, please go to the General Membership section of the Member’s Guide to Retirement.

 Membership Figures

as of June 30, 2022

 Annual Benefit Payments  $1.4 billion
 Average Monthly Benefit*  $2,338
 Active Employees  37,358
 Retirees  49,747
 DROP Participants  1,199

* Rank-and-file members

Note: Inactive and terminated vested members not included in above Membership Figures.

Funding

The LASERS trust fund is the source of all benefits paid to LASERS members and their beneficiaries. Funding comes from three sources:

  • Earnings from Investments
  • Employee contributions
  • Employer contributions

Assets and Returns (as of 6/30/22)

  • Market Value of Assets is $13.2 billion
  • Total Fiscal Year Actuarial Return is 7.05 percent

LASERS manages approximately one-third of its investments internally, saving millions of dollars per year in professional management fees.

Investments in Louisiana

  • Approximately $1.333 billion in benefits paid in FY 2022 in Louisiana
  • Approximately 92 percent of LASERS retirees live in Louisiana, resulting in an estimated $1.9 billion economic impact on our state and hometown economies
  • For the fiscal year ended June 30, 2022, LASERS invested approximately $430.7 million in Louisiana stocks, bonds, and private equity. These investments help support thousands of jobs in Louisiana.

LASERS Gift Policy

No Gifts for LASERS employees or trustees, please.

LASERS Gift Policy

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LASERS

MAILING ADDRESS:
P.O. Box 44213
Baton Rouge, LA 70804-4213

STREET ADDRESS:
8401 United Plaza Boulevard, 1st Floor
Baton Rouge, LA 70809

BENEFITS

Speak to a Retirement Benefits Analyst Monday - Friday, 7:30 a.m. - 4:00 p.m.

Local: 225.922.0600
Toll-free: 800.256.3000
Fax: 225.935.2856

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