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The member shall pay the cost of such service credit either in a lump sum, or he may enter into an agreement with the board for installment payments over a time period not to exceed thirty-six months, inclusive of interest at the actuarial assumed rate of return.
Active Duty Service members in training receive an additional approximate monthly allowance of $1,700 through the GI Bill. GI Bill for National Guard/Reservists while in training receive an additional $400/month. Meals and lodging are included for cadets in training.
This calculator can provide a projection of your Normal Retirement benefits. This calculator cannot make a retirement eligibility determination. Eligibility is determined by date of hire, age and service credit. Please consult the member handbook or contact us with questions about eligibility.
The following discussion and analysis of the Louisiana State Police Retirement System (System) for the year ended June 30, 2021, highlights relevant aspects of the basic financial statements and provides an analytical overview of the System’s financial activities.
Dec 31, 2010 · Louisiana State Police Retirement System 9224 Jefferson Hwy Baton Rouge, LA 70809 (225) 295-8400
The Louisiana State Police Retirement System (LSPRS) is a Louisiana state pension fund that provides retirement, disability, and survivor benefits to Louisiana's state police officers and their beneficiaries.
Although the system did not grant a PBI in the preceding fiscal year, the system did not reach the maximum reserve permitted in the Experience Account and thus does not qualify to request that the Louisiana Legislature grant a PBI under the provisions of R.S. 11:1332.
The Department offers an excellent retirement package for its employees based on maximum salary, age of the employee, and years of service. Retirement credit is earned at 3 1/3% per year of service:
rement System of the State of Louisiana. The primary purposes of the report are to determine the actuarially required contribution for the retirement system for the fiscal year ending June 30, 2018, and to recommend the net direct em.
All transfers are calculated by the system’s actuary. Please complete the Application for Actuarial Transfer of Creditable Service and submit it along with the calculation fee.
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