Benefit Payment Information for Retirees

The monthly benefit payments are scheduled to be paid on the first of each month to LASERS members. However, your receipt of the funds can be affected by whether you receive a direct deposit or check and by whether the first falls on a weekend or holiday.

Direct Deposits

Direct Deposits are guaranteed to be in your bank or credit union on the first day of the month. Be aware that if the first falls on a weekend (Saturday or Sunday) or holiday, funds may not be available until the following business day. In these cases, please contact your financial institution directly for information on when your funds will be made available to you. That decision is made by your financial institution, not LASERS. If you have not received your monthly benefit payment by the first business day of the month, please contact LASERS in Baton Rouge at 225.922.0600 or toll-free at 800.256.3000.

Checks

Checks are mailed for delivery on the first of each month. However, delivery can be delayed because of inclement weather and holidays. If you have not received your monthly benefit check by the fifth business day of the month, you should take the following steps:

1. Notify LASERS in writing that you wish to have the check reissued.
2. The written notification must include your name, Social Security number, and signature.
3. To avoid this problem in the future, you may want to consider using direct deposit for your benefit check, which guarantees your benefit check will be in your bank or credit union on the first business day of the month. Download the direct deposit authorization form and follow the instructions to begin utilizing direct deposit.