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Greetings from LSERS

Welcome to the August Edition of LSERS' Employer eNews, enclosed in this issue is information regarding the launch of the Online Employer Transaction Report.  I encourage you to contact our knowledgeable staff to assist you with any questions or concerns. Happy Labor Day to our Employers and thank you for working so diligently with our staff.
 

-Charles P. Bujol

September 1 Deadline for Enrolling Retired Bus Operators under Critical Shortage Law

School systems must enroll retirees hired as full-time bus operators under shortage law (La. R.S. 11:1007) by September 1. Any enrollment failing to meet the requirements of this law will be rejected and must be enrolled as a “RTW 1006” after this date.  
Please refer to Fact Sheet 18 – Retirees Who Return to Work for details.
 
Questions? Please contact Kimberly Stephens at 225.922.0220, or email her at kstephens@lsers.net.

 
Online Employer Transaction Report Launching 9/4/2018In addition to three separate reports, Employer Statements, Employer Charges and Payments Reports, LSERS will launch a new Employer Transaction Report on September 4. This report will combine your agency’s contribution payments, charges, prior year corrections and estimated interest transactions into one report, and track them by chronological order.

Contribution payments will be posted on the date LSERS receives payment. The contribution charges (including initial reporting and corrections) will be posted as of the last day of each month.  An ongoing balance will display after each transaction. This report will be a great help to understand your agency’s account balance and reconcile LSERS retirement contributions.

Questions or comments?  Please contact Tracy Gaudet in LSERS’ Accounting Department at tgaudet@lsers.net.

 

REMINDER:  Yearly Questionnaire on Privatization Due 10/1/18

All school systems must complete the LSERS privatization questionnaire for each fiscal year ending June 30. The Annual Questionnaire is now available online, and must be returned to LSERS on or before October 1, 2018 for FYE 6/30/2018.  For more about privatization, please see Fact Sheet 22 – Consequences of Privatizing LSERS Positions.

LSERS’ Internal Auditor, LaQuinta Jordan, will be happy to answer any questions. She can be contacted at 225.925.7492 or by email ljordan@lsers.net.

Annual Member Statements Go Out This Week

Our annual member statements will be mailed this week and will be available through LSERSWeb account access.

Quick tips if you are approached by members regarding information in their member statements:

  • The back page of the statement defines some frequently asked terminologies.
  • If member has concerns about their salary contributions or service credit, please use LSERSWeb Account History tab to verify current values.  By standard processing, salary contributions and service credit may be adjusted due to internal data audit, prior year corrections or employer certifications at any time.

For additional questions, please contact LSERS’ Retirement Department at 225.925.6484 or email at webmaster@lsers.net.



Holiday Office Closure

Our office will be closed on Monday, September 3, 2018, in observance of Labor 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 © 2018 Louisiana School Employees' Retirement System, All rights reserved.