LOPFI | FAQs

Monday, February 06, 2012

LOPFI PRB

FAQs

Can I earn dual service if I am employed with multiple LOPFI-covered employers?How do I find out the balance of my Member contributions?Do I earn interest on my Member contributions?Can I get a refund of my Member contributions?Can I get a loan from my Member contributions?What happens to employer contributions?Can I contribute additional money into LOPFI?When am I eligible for regular retirement?How do I apply for regular retirement?How much will my benefit be when I retire?How is my Final Average Pay (FAP) calculated?How do I enroll in the DROP?How long before I receive my first benefit payment?How often do I receive a benefit payment?Can I have my benefit direct deposited into my bank account?Once I am retired, will I get a cost of living raise?How do I change my income tax withholding?Can I use service credit earned under another State system toward my LOPFI service credit?Will I earn service credit if I am on active military duty?Can I buy service credit to apply towards retirement?Can I use out-of-state service time?What happens if I get a divorce?I am getting divorced and I want to know if I can just pay my spouse his or her portion of my pension benefits by withdrawing that amount from my pension contributions?How do I apply for disability retirement?What is the difference between a duty and non-duty disability?How are my disability benefits calculated?What happens if I die before I retire?How does my beneficiary apply for benefits?What is LOPFI’s Member Portal?How do I register/enroll?How do I change my personal information?Where can I view the wages being reported by my employer?Where can I find my service dates and totals?Where can I find my Member contributions?How can I obtain a benefit/DROP estimate?I am a retiree, where can I see/change my bank information?I am a retiree, where can I see/change my tax withholding information?I am a retiree, where can I obtain verification of my benefits?Does social security covered employment with a non LOPFI-covered employer affect my LOPFI benefit? Does social security covered employment with a non LOPFI-covered employer affect my LOPFI benefit? Can I have child support deducted from my monthly benefit payment?How do I change my address, name, beneficiary, or bank account information?

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