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Greetings from LSERS'

Welcome to the July Edition of LSERS Employer eNews, enclosed in this issue is information regarding the approaching for the September 1st deadline to report critical shortages of bus operators and the August 15th deadline for Retirement Annual Salary.  I encourage you to contact our knowledgeable staff to assist you with any questions or concerns.

- Charles P. Bujol
FY 2018-19 is Here!Thanks to all employers who timely resolved their salary and contributions exceptions.  Because of your efforts, LSERS successfully closed FY 2017-18 on time.
Effective July 1, 2018, the employer contribution rate increased slightly, to 28%.  The member rate remains at 7.5%, or 8% if the member’s first state service date was on or after July 1, 2010. 2018-19 salary contributions uploads can begin August 1, 2018.

Updating Authorized Contacts
Please review your agency’s authorized contacts and update if necessary by emailing a completed Form 1 – Authorized Signatures and Employer Contacts to LSERS at webmaster@lsers.net, or fax to 225.922.1001.
Questions about completing a Form 1? Please contact Laurie Stark at 225.925.4890, or lstark@lsers.net.

 

September 1st Deadline for Reporting Critical Shortage of Bus Operators

Requirements of La. R.S. 11:1007 must be met by September 1 before enrolling retirees returning to work (RTW) under the critical bus operator shortage provisions (i.e., full-time bus operators).

Refer to Fact Sheet 18 – Retirees Who Return to Work and the LSERS memo published on the website News section dated July 13, 2018.

 

Questions? Please contact Kimberly Stephens at 225.922.0220 or email her at kstephens@lsers.net.

Annual Questionnaire on Privatization

Please remember that all school systems must complete an annual questionnaire covering the period through the preceding fiscal year regarding elimination of positions through privatizing, outsourcing, contracting the service with a private employer, or any other means. The Annual Questionnaire is now available online. The information contained within the questionnaire should be certified by the School System Superintendent and returned to LSERS on or before October 2, 2018.

If you have any questions, please contact LaQuinta Jordan, LSERS’ Internal Auditor, at 225.925.7492 or via email ljordan@lsers.net.

Retirement Annual Salary (RET) File – Due August 15, 2018

All school systems must submit an annual retirement salary file for the fiscal year ending June 30. The salary file should include annual earnings of each person paid by the employer. Note: do not include reimbursements of operating expenses for bus operators, as those reimbursements are not subject to retirement contributions.
Procedures for file upload can be located here: Insurance & Retirement Uploads - Retirement. The data file layout can be located here (page 7).
If you have any questions, please contact LaQuinta Jordan, LSERS’ Internal Auditor, at 225.925.7492 or via email ljordan@lsers.net
 

Retiree Return to Work 1006 (RTW 1006 Earnings Limit Provision)

Employers should enroll RTW retirees under La. R.S. 11:1006 earnings limit law if they do not qualify as Full-Time Bus Operators under Bus Operators Shortage law. Here are some reminder points for RTW 1006 enrollments: Refer to Fact Sheet - 18 Retirees Who Return to Work for more details.
Questions? Please contact Kimberly Stephens at 225.922.0220 or kstephens@lsers.net.

 
Minimize Refund Payment Delays for EmployeesEmployees should be advised that, when applying for a refund, they may not receive their refund payment before 120 days after their last day of employment.

How can you help save time?
  • Complete and submit Form 5- Service Credit Verification when certifying a refund application for refunding members who have close to 10 years of service – or, close to 5 years if enrolled on or after July 1, 2010
  • Ensure member’s LSERS membership record is current (terminated, exceptions cleared, etc.)
  • Call 225.922.0220 or email Kimberly Stephens to expect the application, so she can review account
  • Email application and related documents to kstephens@lsers.net, or fax them to: 225.922.1001

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.