A LASERS member cannot use sick and annual leave credit to attain eligibility for any benefits provided by LASERS.
Once retirement eligibility has been attained you may convert unused leave to service credit.
Showing posts with label service credit. Show all posts
Showing posts with label service credit. Show all posts
Thursday, April 3, 2008
Tuesday, October 30, 2007
LASERS-Did you know?
A member of the Louisiana State Employees Retirement System who is placed on or who voluntarily takes leave without pay is entitled to purchase service credit for each day that the member was on leave without pay.
The member must pay the system an amount, which on an actuarial basis, totally offsets the increased liability of the system, resulting from the service credit being purchased.
The member must pay the system an amount, which on an actuarial basis, totally offsets the increased liability of the system, resulting from the service credit being purchased.
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