After you have submitted the Request for Employment Packet form to the HRM Office and received the email stating which forms are required, print out the required forms for each folder and provide to your new employee for completion.
- Please Note: Since the informational packets for retirement are updated frequently, please contact the HRM Office for a hard copy version of Folder #2. As an alternative to hard copy brochures, employees may wish to visit each company's website directly to view the investment opportunities offered.
Participation in a retirement program is required of all employees with few exceptions. The following list of eligibility requirements will help to determine which retirement options are available:
- Appointment is regular (i.e., probational, provisional or permanent, or a job appointment greater than two years) and is for greater than 50% of full-time
- Eligible for the La. State Employees' Retirement System (LASERS)
- Appointment if regular and is for 50% or less of full-time
- Eligible for Social Security or the La. Deferred Compensation Plan (LDCP)
- Appointment is temporary (i.e., any restricted appointment or a job appointment less than or equal to two years)
- Eligible for Social Security
- Appointment is regular and is greater than 50% of tull-time, and employee is age 60 or older at time of employment or at least age 55 at time of employment with credit for at least 40 quarters in Social Security
- Eligible for La. State Employees' Retirement System (LASERS) or Social Security
- Exceptions to the above requirements are listed below. If any of these exceptions apply, please contact the HRM Office.
- Any employee who is eligible to enroll in LASERS but has at least 5 years of creditable service in the Teachers' Retirement System of Louisiana (TRSL), may elect to continue participation in TRSL.
- Any employee who has at least 10 years of creditable service in either TRSL or LASERS, regardless of other factors (e.g., length/type of appointment, percent effort, age) may elect to continue as a member of that system.
- Employees with J-1 or F-1 status may not contribute to Social Security, LASERS, or TRSL and are not required to contribute to the LDCP.
- New employees whose type of appointment requires that they participate in Social Security may not participate if they have 10 or more years of creditable service in any louisiana state retirement system. They are required to participate in their current system.
- Employment of retirees is governed by the 'Return to Service" regulations of the system from which they retired. Contact the HRM Office in this situation.
Forms - Provide the appropriate retirement enrollment forms based on the employee's type of appointment.