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  • DROP Information

DROP Rate of Return

The rate of interest to be paid on eligible (non-Self Directed Plan) DROP accounts for the fiscal year that ended June 30, 2022 is 6.55 percent. This interest rate is based on a five-year actuarially smoothed return.

The Public Retirement Systems’ Actuarial Committee (PRSAC) approved the interest rate at its December 15, 2022 meeting. The interest is posted to accounts in January 2023.

Participants in the Self-Directed Plan do not receive this interest, but participate in earnings or losses based upon the choices they have made in their investment allocations through Empower.

For more information regarding DROP, please see the Deferred Retirement Option Plan chapter of the Member’s Guide to Retirement.

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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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