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Greetings from LSERS

Welcome to the August Edition of LSERS Employer eNews. This edition includes important information about upcoming deadlines and the Annual Privatization Questionnaire. As LSERS’ continues to regard the safety of our staff and members, we have addressed precautions in the article below.  I encourage you to contact our knowledgeable staff to assist you with any questions or concerns. 

 -Charles P. Bujol
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Upcoming Deadlines!
August 15, 2020:  Retirement Annual Salary (RET) File for FY2019-20

All school systems must upload to LSERS a retirement salary file for each fiscal year ending June 30, on/before August 15, 2020. The file should reflect employees who are LSERS members and their related annual earnings*. The data file layout can be located here - on page 7.

*Please do not include bus operators' operating expense reimbursements, as those reimbursements are not subject to retirement contributions.

August 31, 2020:  Enrollment for RTW 1007 Critical Shortage for FY2020-21

Retired full-time Bus Operators returning to work as full-time Bus Operators.  If enrolled after 8/31, they will fall under RTW 1006 – Earnings Limit.  Please see Fact Sheet 18 – Retirees Who Return to Work.

October 1, 2020:  Annual Privatization Questionnaire (APQ) for FY2019-20

All school systems must complete the LSERS APQ for each fiscal year ending June 30. The questionnaire is now available online, and must be returned to LSERS on/before October 1, 2020.  For more information about privatization, please see Fact Sheet 22 – Consequences of Privatizing LSERS Positions.

For RET File and Privatization Questionnaire questions, contact LaQuinta Jordan at 225.925.7492 or ljordan@lsers.net.  For RTW 1006 or RTW 1007, contact Kimberly Stephens at 225.922.0220 or kstephens@lsers.net.


Monthly Reporting, Contribution Rates FY21, and Employer Authorizations

A great big THANK YOU to all of you for your efforts to resolve all exceptions.  Congratulations on achieving another successful fiscal year-end closing!

The Salary Contributions Reporting and Corrections Form will open for fiscal year 2020-21 reporting on Monday, August 3.  Effective July 1, 2020, the employer contribution rate decreased slightly, to 28.7%. The member contribution rate remains at 7.5%, or 8% if the member’s first state service was on or after July 1, 2010.

This is a great time to ensure that your Employer Information, Employer Access, and Authorized Access Levels are accurate. Need assistance? Please contact Laurie Stark at 225.925.4890, or lstark@lsers.net.


Counseling Members During COVID-19 and Until Further Notice


Taking precautions to keep visitors and LSERS employees safe, we encourage members to conduct their retirement business via phone call.  If in-person visits are desired, appointments are available during business hours and are scheduled in two-hour intervals.   

If, upon arrival, an appointment is in progress, a visitor will be asked to provide a phone number and wait in their vehicle until an LSERS employee contacts them. 

Visitors not wearing proper personal protective equipment (PPE) or who have a fever of 100.4 degrees or higher will not be seen.  We appreciate everyone’s understanding during these trying times.

 

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 © 2020 Louisiana School Employees' Retirement System, All rights reserved.


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