LAC 58:I.1503 – Transfers of Service; Other Requirements

A. In order to transfer service credit from other public retirement systems into LASERS, the person seeking such a transfer must be:
1. 1. an active member contributing to the LASERS at the time they apply for the transfer; or
2. 2. an active member of a public retirement system maintained primarily for officers and employees of the state of Louisiana, or any political subdivision thereof, or of any district, board, commission, or other agency of either, or any other such public entity who has been a member of such system for at least six months and who has membership credit in such system shall have the option of transferring all of his credit from such system he is currently contributing to or to the system in which he last contributed. However, membership in a public retirement system cannot be changed to another public retirement system.

Authority Note

AUTHORITY NOTE: Promulgated in accordance with R.S. 11:143 and R.S. 11:515.

Historical Note

HISTORICAL NOTE: Promulgated by the Department of Treasury, Board of Trustees of the State Employees' Retirement System, LR 22:373 (May 1996), amended LR 46:49 (January 2020).