The Department of State Civil Service is creating a database of retirees who are interested in re-employment opportunities with the State of Louisiana. If you are interested in returning to work as a rehired retiree, please click here for more information.
As a retiree, you are subject to some limitations if you accept re-employment with a state agency. If you are a disability retiree, you are not eligible for this initiative. If you took early retirement, you must contact your Human Resources office to determine your eligibility. If you are eligible, under the laws which apply to LASERS members, you will be asked to choose one of the following options:
Option 1 - Your earnings as a rehired retiree may not exceed 50% of your annual retirement benefit for a fiscal year. You are responsible for monitoring this earnings limitation. If your actual earnings exceed the limit, your retirement benefit will be reduced by the amount of the excess.
Option 2 - You repay all retirement benefits received since your retirement plus interest calculated at an actuarial rate and regain membership in LASERS. (Note: Many retirees find this option too expensive to choose. No contributions can be made on the earnings from reemployment until all retirement benefits and interest are repaid. Also, the option selection is irrevocable as long as reemployment continues.) This option is not available if you took early retirement or participated in the Deferred Retirement Option Plan (DROP) or the Initial Benefit Option (IBO).
Option 3 - You suspend collecting your retirement benefits and again become a contributing member of LASERS. There is no limit on your earnings as a rehired retiree under this option. Upon subsequent retirement, your benefit will be resumed. If you work for at least 36 months, you will receive a supplemental retirement benefit. If you work for less than 36 months, your employee contributions during the period of rehire will be refunded at the termination of your reemployment.
Please discuss all options with a Human Resources representative before making any decision to return to work as a rehired retiree.
