Now Playing on YouTube: DROP and IBO

 If you are interested in learning about the Deferred Retirement Option Plan (DROP) and/or the Initial Benefit Option (IBO) Plan, please watch our latest videos in the educational outreach series highlighting these plans. In these videos, LASERS Deputy Director Maris LeBlanc explains the workings of DROP and IBO.

If you wish to be notified each time LASERS uploads a new video, we encourage you to subscribe to our channel by clicking the “subscribe” button located on the LASERS YouTube page here.

 

Learn About the LASERS Self-Directed Plan: Make Your Reservation Today

Attend a special seminar on Tuesday, November 13, in Baton Rouge offered by Great-West Retirement Services. Material will include the latest information regarding Deferred Retirement Option Plan (DROP) and Initial Benefit Option (IBO) Accounts. You'll also find out more about protecting your retirement savings and withdrawal options. Reservations by phone are required by November 9, 2012.

LASERS-Did you know?

The Initial Benefit Option (IBO) became available to LASERS new retirees in 1996.

This option is selected at retirement and allows the member to receive up to 36 months of the maximum benefit in a lump sum. However, this option eliminates the monthly benefit Option 1 as a retirement choice and reduces future monthly benefits. This option is not available to DROP participants, disability retirees, or members who took early retirement.

LASERS-Did you know?

LASERS provides a retirement option of 20 years at any age.

However, you will be ineligible for the IBO and the DROP. The retirement benefit is actuarially reduced based on the number of months you are away from regular retirement and your age. The closer you are to regular eligibility, the less your reduction.

LASERS-Did you know?

The Initial Benefit Option (IBO) became available to LASERS new retirees in 1996.

This option is selected at retirement and allows the member to receive up to 36 months of the maximum benefit in a lump sum. However, this option eliminates the monthly benefit Option 1 as a retirement choice and reduces future monthly benefits. This option is not available to DROP participants, disability retirees, or 20-year retirees.

LASERS-Did you know?

LASERS provides a retirement option of 20 years at any age.

However, you will be ineligible for the IBO and the DROP. The retirement benefit is actuarially reduced based on the number of months you are away from regular retirement and your age. The closer you are to regular eligibility, the less your reduction.

LASERS-Did you know?

The age of a LASERS member and any possibility for an increase in salary should be heavily considered when a member is choosing between the Deferred Retirement Option Program (DROP) or the Initial Benefit Option (IBO)

DROP may not be the best choice for a member who may receive substantial annual salary increases. DROP could be the best choice for a member who does not anticipate a dramatic increase in salary.

LASERS-Did you know?

The Initial Benefit Option (IBO) became available to LASERS new retirees in 1996.

This option is selected at retirement and allows the member to receive up to 36 months of the maximum benefit in a lump sum. However, this option eliminates the monthly benefit Option 1 as a retirement choice and reduces future monthly benefits. This option is not available to DROP participants, disability retirees, or 20-year retirees.

LASERS-Did you know?

LASERS provides a retirement option of 20 years at any age.

However, you will be ineligible for the Initial Benefit Option (IBO) and the Deferred Retirement Option Plan (DROP). The retirement benefit is actuarially reduced based on the number of months you are away from regular retirement and your age. The closer you are to regular eligibility, the less your reduction.

LASERS-Did you know?

The age of a LASERS member and any possibility for an increase in salary should be heavily considered when a member is choosing between the Deferred Retirement Option Program (DROP) and the Initial Benefit Option (IBO).

DROP may not be the best choice for a member who may receive substantial annual salary increases. DROP could be the best choice for a member who does not anticipate a dramatic increase in salary.

LASERS-Did you know?

The Initial Benefit Option (IBO) became available to LASERS new retirees in 1996.

This option is selected at retirement and allows the member to receive up to 36 months of the maximum benefit in a lump sum. However, this option eliminates the monthly benefit Option 1 as a retirement choice and reduces future monthly benefits. This option is not available to DROP participants, disability retirees, or 20-year retirees.

LASERS-Did you know?

LASERS provides a retirement option of 20 years at any age.

However, you will be ineligible for the IBO and the DROP. The retirement benefit is actuarially reduced based on the number of months you are away from regular retirement and your age. The closer you are to regular eligibility, the less your reduction.