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Greetings from LSERS

Welcome to the September Edition of LSERS Employer eNews, we wish you a Happy Labor Day.  This issue includes important information on upcoming deadlines and the Employer Transaction report. I encourage you to contact our knowledgeable staff to assist you with any questions or concerns.

-Charles P. Bujol


Tidbits on Transaction Types of Employer Transaction Report

The Employer Transaction Report is designed to help your agency reconcile to LSERS’ retirement contribution account. We encourage you to review this report every month to monitor your account balance:
  • Beginning Balance - Prior year ending balance on your Employer Statement
  • Charge - Posted as of the last day of the month based on salaries reported for the month
  • Prior Year Correction (PYC) - Posted when we receive/process a PYC from your agency
  • Payment - Posted on date payment was received
  • Estimated Interest - Calculated on the account balance as of the 16th of the month; the day contributions become delinquent. Interest calculation refreshes when account balances change; therefore, you may recognize more than one line of estimated interest in the same month.
Questions?  Please contact the Accounting Manager, Tracy Gaudet, at 225.925.6922 or tgaudet@lsers.net.


Important Deadlines –

  • Retirement salary (RET) file as of June 30, 2019, was due August 15, 2019. If you have not submitted your agency’s file, please do so as soon as possible.
    Questions?  Please contact LSERS’ Internal Auditor, LaQuinta Jordan, at 225.925.7492 or ljordan@lsers.net.
     
  • Enrollment for retirees returning to work under
    La. R.S. 11:1007
    for FY2019-20 will be closed September 1, 2019. Questions? Please contact Kimberly Stephens at 225.922.0220 or kstephens@lsers.net.
     
  • Annual Privatization Questionnaire (APQ) for fiscal year ending June 30, 2019, is due October 1, 2019. 
    Questions? Please contact LaQuinta Jordan at 225.925.7492 or ljordan@lsers.net.
We sincerely appreciate your efforts in complying with these requirements.

Obsolete Form

Spousal Relinquishment Form 09-REQ

LSERS used this form as an avenue for a member to record their ex-spouse relinquishment of rights to any of the member’s retirement benefits.  This form is now obsolete and should not be used.

Currently, we require either a spousal consent or a divorce judgment for any spousal/ex-spousal relinquishment of rights.  If you encounter a specific or unique request/inquiry, please contact our retirement staff on a case by case basis.

We encourage you to frequently check www.lsers.net > Resources > Forms site for a list of current forms. Contact us for validation if you are using forms that are not listed on our website.

Holiday Office Closure

Our office will be closed on the following:
Monday, September 2, 2019 for Labor Day. We will resume normal business hours on Tuesday, September 3, 2019.

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.