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Home » Employees' Retirement System » Information for Members » Transfer of Service
Members with service credit in another public retirement system inLouisiana may apply for a transfer of service credit to NOMERS. If the funds transferred total less than the actuarial cost of the service credit transferred to NOMERS, the member has the option of accepting partial credit or paying the difference and receiving full credit. Please contact NOMERS for details.
Persons who are members of another Louisiana state or Louisiana statewide retirement system may apply for a transfer of service credit to that system. A terminated member who elected to leave his/her contributions on deposit may apply to have the funds and service credit transferred to their current system. A person who has withdrawn his/her contributions from NOMERS may receive credit related to the withdrawn amount by repaying all contributions withdrawn plus allowable interest thereon to NOMERS and completing the transfer process. The related service credit can then be transferred to the other system. The service credit will be recognized for transfer purposes only. The repayment amount will be returned if the process is not completed within ninety days. It is in the member’s best interest to request the transfer as soon as possible to avoid any delays in processing the member’s retirement.Please contact NOMERS for details.
Any current member previously employed by the Sewerage & Water Board may transfer service credit from the Sewerage & Water Board and receive credit with NOMERS for all creditable service transferred at no additional cost. Current employees of the Sewerage & Water Board have the same rights with respect to transfers from NOMERS.Members must apply directly to the former pension system to initiate the transfer. A member who has withdrawn his/her contributions from either system may receive credit related to the withdrawn amount by repaying all contributions withdrawn plus allowable interest thereon to the former system. The related service credit can then be transferred to his/her current system. It is in the member’s best interest to request the transfer as soon as possible to avoid any delays in processing the member's retirement.
Last updated: 8/7/2014 10:30:15 PM
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