September Benefit Payments

September benefit payments are scheduled to be paid on the first of the month. This year, September 1 falls on a Sunday and September 2 is the Labor Day holiday. Receipt of your funds can be affected by whether you receive a check or direct deposit and your bank's rules when the first falls on a weekend or holiday.

Direct Deposits are guaranteed to be in your bank or credit union on the first day of the month. Be aware that if the first falls on a Saturday, Sunday, or holiday, funds may not be available until the following business day. In these cases, please contact your financial institution directly for information on when your funds will be made available to you. That decision is made by your financial institution, not LASERS. If you have not received your monthly benefit payment by the first business day of the month, please contact LASERS in Baton Rouge at 225.922.0600 or toll-free at 800.256.3000.

Paper checks are mailed for delivery on the first of each month. However, delivery can be delayed because of inclement weather and holidays. Also, the Postal Service is considering delivery changes such as eliminating Saturday deliveries. If you have not received your monthly benefit check by the fifth business day of the month, you should take the following steps:

1. Notify LASERS in writing that you wish to have the check reissued.
2. The written notification must include your name, Social Security number, and signature.
3. Sign up for Direct Deposit to avoid this problem in future. Complete Form 04-05, Authorization for Direct Deposit, to start the process.

Direct Deposit, A Benefit for LASERS Retirees

EFT, also known as Direct Deposit, is the fast, easy way to receive the retirement benefits you have earned for your years of service to Louisiana.

With EFT:

• Your benefits are deposited directly into your checking account every month, like clockwork.
• You don’t need to watch the mailbox or worry about depositing your check.
• You’ll never need to wonder what happens if your check is stolen, lost or accidentally destroyed.

Tens of thousands of your fellow LASERS members already enjoy the benefits of EFT. Isn’t it time you did, too?

If you would like information about the LASERS Electronic Funds Transfer system, we’re ready to help.

Just pick up the phone and call us at 1-800-256-3000. In the Baton Rouge area, the number is 225-926-0600. Tell the operator you want to discuss Electronic Funds Transfer. A friendly LASERS customer service representative will be available to help you.

LASERS-Did you know?

All members of LASERS retiring after January 1, 2000 are required to use direct deposit to receive their retirement benefit.

This requirement resulted with the passage of Act 21 of the 1999 Legislative Session.

LASERS-Did you know?

All members of LASERS retiring after January 1, 2000 are required to use direct deposit to receive their retirement benefit.

This requirement resulted with the passage of Act 21 in the 1999 Legislative Session.

LASERS-Did you know?

All members of LASERS retiring after January 1, 2000 are required to use direct deposit to receive their retirement benefit.

This requirement resulted with the passage of Act 21 in the 1999 Legislative Session.