Wednesday, January 31, 2007

LASERS-Did you know?

Louisiana is a community property state.

Pension benefits, including DROP funds received or accumulated during marriage, are community property. A LASERS retiree should be aware that an ex-spouse might be entitled to a portion of the retirement benefit according to that spouse's community property interest.

LASERS requires that a certified true copy of the Court Order be on file before any community assets are divided.