Tuesday, April 17, 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 member should be aware that an ex-spouse regardless of the number of marriages or the length of the marriage might be entitled to a portion of the retirement benefit according to that spouse's community property interest. LASERS requires that a certified, legally correct, and acceptable Court Order be on file before any community assets are divided.