Copy

Greetings from LSERS'

Welcome to the November Edition of LSERS Employer eNews. This issue includes important information on salary reporting and introduces Empower Retirement. I encourage you to contact our knowledgeable staff to assist you with any questions or concerns.

Wishing you and your family a safe and happy Thanksgiving,

-Charles P. Bujol
___________________________________________________________________


           

DROP/IBRP LA Participants Soon to Receive Notification Regarding Management of Their Accounts by Empower Retirement Effective 1/1/2020On or before 11/5/2019, letters will be mailed to approximately 1,500 of LSERS’ DROP/IBRP LA Participants (those who participate/retire under either plan with an effective date of 1/1/2004 and after). This letter will introduce them to Empower Retirement as the third-party administrator of their DROP/IBRP LA accounts effective January 1, 2020.  Said members will transact DROP/IBRP LA account business with Empower Retirement to include investments, withdrawals, beneficiary changes, and death processes.

A sample letter can be located by clicking here. Keep your eyes peeled for updated Retirement Applications, Fact Sheets, online News, etc., as our transition progresses.

We thank you in advance for assisting us with questions that may arise from this notification.  Until the transition is complete, member questions/concerns can be submitted through email at webmaster@lsers.net or 1.800.256.3718, Option 6.


Completion of Beneficiary Forms

Incomplete beneficiary forms received by our office will be rejected, which will delay this vitally important information being updated to our members’ accounts.

If you are assisting our members with completing this form, please remind them that, in addition to their identifying information, other significant criteria must be furnished, as follows:
  • Must have at least 1 primary beneficiary (can be “estate”)
     
  • Must have member signature
     
  • Must have 2 witness signatures
The Named Beneficiary form can be located on www.lsers.net > Resources > Forms.
 


Quick Tips on Monthly Salary Reporting

There are three (3) types of monthly salary reporting required via LSERS Web; two forms are provided for this purpose. Accurate use of these forms can avoid massive errors and improve efficiency. Please see procedures linked to each type of reporting.

Survey Request!

We would be deeply grateful for just a moment of your time to complete a very short survey regarding furnishing email addresses to your employees who are LSERS’ members. 

Click this survey link to complete.

Holiday Office Closures

Our office will be closed on the following:

Monday, November 11, 2019 – Veteran’s Day

Thursday, November 28, 2019 – Thanksgiving Day

Friday, November 29, 2019 – Acadiana Day

And, as always, we appreciate and welcome any and all comments, as this helps
us identify ways to make improvements for you and provide better service to our
members and employers. Feel free to provide feedback and suggestions using
the LSERS Satisfaction Survey on our "Contact Us" page on the LSERS website.

Copyright © 2019 Louisiana School Employees' Retirement System, All rights reserved.