The LDCP is a "defined contribution" plan to which employee and employer make contributions directly to the LDCP to be invested in a a retirement annuity contract in the employee's name. To view the enrollment eligibility requirements and exceptions, click here for the Retirement Plan Options Chart.
Overview
- Employee contribution is 7.5% of salary
- AgCenter contribution is 6.2% of salary
- Asset management fee of .0085 of total assets
- Immediately vested
- Benefit payable upon retirement based exclusively on:
- contributions in the employee's account
- earnings on those contributions
- age when benefits begin
- type of annuity chosen
LDCP Related Form
For additional information, go directly to the LDCP website at www.louisianadcp.com.