As a public employee of the State of Louisiana, you may participate in the Louisiana Public Employees Deferred Compensation Plan (457 Plan), administered by Empower Retirement. This plan allows you to supplement your future LASERS retirement by saving and investing pretax dollars through a voluntary salary contribution.
How does it work?
As a participant in the plan, you may set up automatic deposits from payroll, change your investment allocation at any time, participate as long as you would like, receive investment options and assistance, and more.
Watch the video.
In this video, we explain the difference between your regular LASERS retirement and the Deferred Compensation Plan. We also discuss the benefits of participating and the resources available to help you make smart decisions about your retirement.
Start with just $10.
Once you enroll in the Deferred Compensation Plan, you may begin contributing with as low as $10 per pay period.