Retirement

    LASERS

    Retirement Eligibility
    Your eligibility to retire is based on your age and years of service. One of the requirements below must be met in order to receive a retirement benefit from LASERS: 

    Any member who joined LASERS on or before June 30, 2006, shall be eligible to retire if he/she has:

    • 30 years of service or more regardless of age
    • 25 years of service or more at age 55 or later
    • 10 years of service or more at age 60 or later
    • At 20 years of service you may retire at any age but your benefit will be reduced on an actuarial basis which is based on your age, length of service and number of years from your regular retirement age.

    Any member who joined LASERS on or after July 1, 2006, shall be eligible for retirement if he/she has:

    • 5 years of service or more at age 60 or thereafter

    • At 20 years of service you may retire at any age but your benefit will be reduced on an actuarial basis which is based on your age, length of service and number of years from your regular retirement age.

    Any Hazardous Duty personnel who joined LASERS on or after January 1, 2011 or the Hazardous Duty personnel employed before January 1, 2011 who made the affirmative choice to join the HAZ PLAN, shall be eligible for retirement if he/she has:

    • 2 years or more of service credit at age 55
    • 25 years or more of service credit regardless of age
    • At 20 years of service you may retire at any age but your benefit will be reduced on an actuarial basis which is  based on the number of months you are away from HAZ PLAN Regular retirement eligibility.

    Click here for a Countdown to Retirement   - Recommended steps for LASERS members 12-18 months from retirement.

    For those employees considering retirement, contact LASERS to schedule an appointment to discuss benefit options. After making the final decision to retire, the employee should schedule an appointment with LSU HRM to fill out important documents related to his decision.

    TRSL

    Retirement Eligibility  * Your eligibility to retire is based on your age and years of service.

    If you became a member of TRSL prior to July 1, 1999, with a 2% benefit factor, then one of the requirements below must be met in order to receive a retirement benefit from TRSL:

    • 5 years of service or more at age 60 or later, excluding military service purchased after September 10, 1982, or
    • 20 years of service or more you may retire at any age, excluding military service purchased after September 10, 1982

    If you became a member of TRSL prior to July 1, 1999, with a 2.5% benefit factor, then one of the requirements below must be met in order to receive a retirement benefit from TRSL:

    • 20 years of service or more at age 65, excluding any military service,
    • 25 years of service or more at age 55, or
    • 30 years of service or more regardless of age
       

    If you became a member of TRSL on or after July 1, 1999, with a 2.5% benefit factor, then one of the requirements below must be met in order to receive a retirement benefit from TRSL:

    • 5 years of service or more at age 60, excluding military service purchased after September 10, 1982, or
    • 25 years of service or more at age 55, or
    • 30 years of service or more regardless of age, or
    • 20 years of service or more regardless of age (actuarially reduced), 

     excluding military service purchased after September 10, 1982

    If you were hired on or after January 1, 2011, with a 2.5% benefit factor then one of the requirements below must be met in order to receive a retirement benefit from TRSL:

    • 5 years of service or more at age 60 or later
    • At 20 years of service you may retire at any age, but your benefit will be reduced on an actuarial basis which is  

     based on  your age, length of service and number of years from your regular retirement age.

    Click Here for a Countdown to TRSL Retirement

    ORP

    Retirement Eligibility
    As an ORP participant, you are eligible to annuitize your ORP account at termination of employment. In order to be eligible to continue group insurance policies after retirement, as an ORP retiree, you must meet one of the minimum retirement eligibility requirements listed below:

    • 5 years of service or more at age 60 or later
    • At 20 years of service you may retire at any age 

    DCCL

    Termination of DCCL Contributions
    Employment Ends: You will be able to access these funds upon separation from service without any age requirement or penalty. You will be unable to access these funds until you actually separate employment from the LSU System.