Regular Retirement

Regular Retirement Eligibility

To be eligible for regular retirement, you must have:

 

Effective Date

The effective date of retirement is the date the application is filed with LSPRS or the day after you end your employment, whichever is later.

 

Retirement Estimates

LSPRS computes estimates of retirement benefits upon request. You should request an estimate at least 30 days prior to retirement, but no longer than two years prior to retirement. You must provide the following information in your request:
- Name and social security number;
- Projected retirement date;
- Your intentions regarding leave usage (terminal leave); and
- Contact information (address and telephone number).

LSPRS makes certain assumptions regarding leave usage and accrual as well as salary increases. The figures provided to you at that time are only an estimate. LSPRS reserves the right to make corrections due to administrative errors. All retirements are announced to the Board of Trustees at the next appropriate meeting.

 

Retirement Formula

- Hired Prior to September 8, 1978 – Eligible to retire if you have at least 20 years of service, regardless of age. You will be paid a monthly benefit equal to the sum of 3 1/3% multiplied by the number of years of service (percentage rate of retirement), and further multiplied by your FAC. The total annual benefit shall not exceed 100% of your current FAC.
- Hired After September 8, 1978 – Eligible to retire if you have at least 25 years or service, regardless of age. You will be paid a monthly benefit equal to the sum of 3 1/3% multiplied by the number of years of service (percentage rate of retirement), and further multiplied by your FAC. The total annual benefit shall not exceed 100% of your current FAC.

 

Application

You must apply for retirement in writing. Termination of state police service does not automatically constitute application for retirement. You may obtain a retirement application from the LSPRS office.
 
LSPRS considers your application officially filed when received at LSPRS’ office. Retirement benefits become effective the day after you terminate state police service, or, the day LSPRS receives your application, whichever date is later. We recommend you submit your retirement application at least 30 days before your last official day of work (termination date).

 

Surviving Spouse of Deceased Retired Employee

For those retired employees hired on or before December 31, 2011 and who retired on or before December 31, 2011, the surviving spouse of the deceased retired employee who was married to the deceased for at least two years prior to the deceased’s death and was living with the deceased retired employee at the time of death, will receive a pension equal to the monthly retirement pay that was being paid to the retired employee at the time of death.
 
For those retired employees hired on or before December 31, 2011 and who retired on or after January 1, 2011, the surviving spouse of the deceased retired employee who was married to the deceased for at least two years prior to the deceased’s death will receive a pension equal to the monthly retirement pay that was being paid to the retired employee at the time of death.

 

Surviving Spouse Remarrying Forfeiture of Pension

If the surviving spouse of a deceased employee whose death occurred other than in the line of duty, or a deceased retired employee, remarries before age 55 while receiving a surviving spouse’s pension, such spouse then forfeits all rights to the spouse’s pension.

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