Title 11, Consolidated Public Retirement
0 chapters · 1,796 sections in this title.
La. Rev. Stat. § 11:3656 Applications for benefits; proof required; notice of hearing
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§3656. Applications for benefits; proof required; notice of hearing All persons seeking benefits under this Subpart, shall make application to the board, on a form to be provided by the board, which application shall be sworn to before a notary public. Accompanying the applicatio…
La. Rev. Stat. § 11:3657 Records to be kept by board; annual audit
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§3657. Records to be kept by board; annual audit All records shall be kept by the board through their properly designated officer, who shall maintain a complete record of all meetings and proceedings. The commissioner of finance of the city of New Orleans shall annually audit the…
La. Rev. Stat. § 11:3658 Fund not subject to claim against beneficiary
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§3658. Fund not subject to claim against beneficiary Any portion of the fund shall, either before or after its order of distribution by the board to a beneficiary under this Subpart, be exempt from seizure by virtue of any judicial process, and shall be exempt from any state or m…
La. Rev. Stat. § 11:3659 Board may pay benefits monthly
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§3659. Board may pay benefits monthly All of the benefits provided in this Subpart whether referred to as an "annuity" or "per annum", may, in the discretion of the board, be paid in equal monthly installments. Redesignated from R.S. 33:2303 by Acts 1991, No. 74, §3, eff. June 25…
La. Rev. Stat. § 11:3660 Minimum monthly pension established and cost-of-living increase
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§3660. Minimum monthly pension established and cost-of-living increase A. The board of trustees shall be authorized to use interest earnings on investments of the system in excess of normal requirements as determined by the actuary to provide an annual cost-of-living increase in …
La. Rev. Stat. § 11:3661 Military service credit
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§3661. Military service credit A. Time served as a member of the armed forces of the United States up to but not in excess of three years by any member of the police pension fund employed on or prior to December 31, 1967, who has been an officer, member, or employee of the police…
La. Rev. Stat. § 11:3662 One gender may denote others
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§3662. One gender may denote others For the purposes of this Subpart, whenever reference is made to gender, the masculine shall include the feminine, the feminine shall include the masculine, and in particular with reference to Sections 3631, 3648, 3656, and 3660; without limitin…
La. Rev. Stat. § 11:3663 Benefits under prior pension laws
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§3663. Benefits under prior pension laws The pension system of the police department in effect prior to 12 o'clock noon, July 28, 1948, shall be carried over into the administration of the board created under this Subpart. The board shall assume the obligation of all pensions or …
La. Rev. Stat. § 11:3681 Name and date of establishment
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§3681. Name and date of establishment A retirement plan is hereby established and placed under the management of the Board of Trustees for the purpose of providing retirement allowances and other benefits under the provisions of this Subpart for Commissioned Members of the Harbor…
La. Rev. Stat. § 11:3682 Definitions
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§3682. Definitions The following words and phrases, as used in this Subpart, unless expressly indicated to the contrary or unless a different meaning is plainly required by context, shall have the following meanings: (1) "Accumulated contribution" means the sum of all the amounts…
La. Rev. Stat. § 11:3683 Membership
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§3683. Membership The membership of the plan shall be composed as follows: (1) All persons who shall become employees as defined in R.S. 11:3682(16) after August 1, 1971, and on or before June 30, 2014, except those specifically excluded under Paragraph (3) of this Section, shall…
La. Rev. Stat. § 11:3684 Creditable service
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§3684. Creditable service A. Immediately after August 1, 1971, the board of trustees shall request all information regarding members from the retirement system in which they have previously held membership. Upon verification of the statements of service the board shall issue a pr…
La. Rev. Stat. § 11:3685 Benefits
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§3685. Benefits A.(1)(a) Any member of this plan who has completed at least twenty years of creditable service and attained the age of forty-five years, or any member who has completed at least twenty-five years of creditable service regardless of age, or any member who has compl…
La. Rev. Stat. § 11:3685.1 Limitations on payment of benefits
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§3685.1. Limitations on payment of benefits A.(1) Unless the member has elected otherwise on or before December 31, 1983, the entire benefit of a member shall be distributed over a period no longer than any of the following periods: (a) The member's life. (b) The life of the memb…
La. Rev. Stat. § 11:3685.2 Computation of retirement benefits
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§3685.2. Computation of retirement benefits A.(1) The normal retirement benefit of any member of the retirement system who is a qualified participant cannot exceed the greater of: (a) The accrued benefit at retirement of the member computed under the provisions of R.S. 11:3685(A)…
La. Rev. Stat. § 11:3685.3 Annual compensation limitation for determination of benefits
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§3685.3. Annual compensation limitation for determination of benefits A. Unless otherwise provided, each Section 401(a)(17) employee's accrued benefit under this plan will be the greater of the following: (1) The employee's accrued benefit determined with respect to the benefit f…
La. Rev. Stat. § 11:3686 Disability retirement
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§3686. Disability retirement A. Upon the application of a member to his employer, any member who has had at least five years of creditable service may be retired by the board of trustees, not less than thirty and not more than ninety days next following the date of filing such ap…
La. Rev. Stat. § 11:3687 Optional allowance for superannuation retirement
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§3687. Optional allowance for superannuation retirement A. With the provisions that no optional selection shall be effective in case a retiree dies within thirty days after retirement, and that such a retiree shall be considered as an active member at the time of death; until the…
La. Rev. Stat. § 11:3688 Actuary; duties and actuarial assumptions
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§3688. Actuary; duties and actuarial assumptions A - C. Repealed by Acts 2014, No. 648, §3, eff. July 1, 2015. D.(1) The Board of Trustees shall designate an actuary who shall be the technical advisor of the Board of Trustees on actuarial matters regarding the operation of the pl…
La. Rev. Stat. § 11:3688.1 Amendments
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§3688.1. Amendments A. An action of the board of trustees with respect to employee contributions as provided in R.S. 11:154 and actuarial assumptions as provided in R.S. 11:3688(D), shall be considered amendments to the provisions of this plan. B. No amendment to the retirement s…
La. Rev. Stat. § 11:3689 Management of funds
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§3689. Management of funds A. The Board of Trustees shall have full power to invest and reinvest such funds, subject to the prudent-man rule limitations regarding investments set forth in Subtitle I, Chapter 4, Part II, Subpart I of this Title and shall have full power to hold, p…
La. Rev. Stat. § 11:3690 Method of financing
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§3690. Method of financing A. Employee contributions. (1) The port commission shall make deductions from any salary or wages paid by them to any member of this plan equal to nine percent of the compensation paid him in each and every payroll. (2) The deductions provided for herei…
La. Rev. Stat. § 11:3690.1 Repealed by Acts 2014, No
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§3690.1. Repealed by Acts 2014, No. 648, §3, eff. July 1, 2015. Acts 1998, 1st Ex. Sess., No. 97, §1, eff. May 5, 1998; Acts 2014, No. 648, §3, eff. July 1, 2015.
La. Rev. Stat. § 11:3690.2 Unclaimed funds, checks, and property; retention by system
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§3690.2. Unclaimed funds, checks, and property; retention by system Any unclaimed employee contributions, other funds, checks, or any other property held by the system that could be claimed by a member or prior member, the member's beneficiary, heirs, or estate shall never be pre…
La. Rev. Stat. § 11:3691 Repealed by Acts 2014, No
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§3691. Repealed by Acts 2014, No. 648, §3, eff. July 1, 2015. Acts 1971, No. 80, §11, designated by Acts 1991, No. 74, §3, eff. June 25, 1991; Acts 2010, No. 634, §1, eff. July 1, 2010; Acts 2014, No. 648, §3, eff. July 1, 2015.
La. Rev. Stat. § 11:3692 Protection against fraud
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§3692. Protection against fraud A. Any persons who shall knowingly make any false statement or shall falsify or permit to be falsified any record or records of the retirement system in any attempt to defraud such system as a result of such act shall be guilty of a misdemeanor, an…
La. Rev. Stat. § 11:3693 Repealed by Acts 2014, No
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§3693. Repealed by Acts 2014, No. 648, §3, eff. July 1, 2015. Acts 1971, No. 80, §13, designated by Acts 1991, No. 74, §3, eff. June 25, 1991; Acts 2014, No. 648, §3, eff. July 1, 2015.
La. Rev. Stat. § 11:3694 Repealed by Acts 2011, No
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§3694. Repealed by Acts 2011, No. 399, §2, eff. July 1, 2011.
La. Rev. Stat. § 11:3695 Direct rollover
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§3695. Direct rollover A. Notwithstanding any other provision of law to the contrary that would otherwise limit a member's election under this Section, a member may elect, at the time and in the manner prescribed by the board of trustees, to have any portion of an eligible rollov…
La. Rev. Stat. § 11:3696 Errors and omissions
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§3696. Errors and omissions A. Should any change or error in the records result in any member or beneficiary receiving from the retirement system more or less than he would have been entitled to receive had the records been correct, the board of trustees shall correct such error,…
La. Rev. Stat. § 11:3697 Effective dates
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§3697. Effective dates All benefit changes shall be prospective only unless stated otherwise in the Act. Statutory benefit changes shall not apply to members who have already retired. Acts 2011, No. 399, §1, eff. July 1, 2011.
La. Rev. Stat. § 11:3698 Repealed by Acts 2014, No
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§3698. Repealed by Acts 2014, No. 648, §3, eff. July 1, 2015. Acts 2011, No. 399, §1, eff. July 1, 2011; Acts 2014, No. 648, §3, eff. July 1, 2015.
La. Rev. Stat. § 11:3701 [Blank]
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§3701. [Blank]
La. Rev. Stat. § 11:3711 Police pension fund for the police department of the city of Shreveport; creation
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§3711. Police pension fund for the police department of the city of Shreveport; creation There is created a police pension fund for the police department of the city of Shreveport for pensioning all police officers of the police department of the city of Shreveport, their widows …
La. Rev. Stat. § 11:3712 Appropriation of fund
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§3712. Appropriation of fund A. All monies, funds, properties, real and personal, and assets now belonging to or due the presently existing Policemen's Pension and Relief Fund of the City of Shreveport shall be transferred to and shall become the monies, funds, properties, real a…
La. Rev. Stat. § 11:3713 Fund not to be commingled
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§3713. Fund not to be commingled All funds derived and held or invested under the provisions of this Subpart shall be administered as a sacred trust for the sole purposes stated in this Subpart and at no time commingled or combined with any other fund. Acts 1968, No. 641, §2; Red…
La. Rev. Stat. § 11:3714 Board of trustees of fund
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§3714. Board of trustees of fund A. There shall be a board of trustees of the Police Pension Fund of the City of Shreveport for the administration, management, operation, and control of the fund. B. The board shall be composed of the following members: (1) The mayor of the city o…
La. Rev. Stat. § 11:3715 Management of fund; salary deductions; action of board to be final; meetings
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§3715. Management of fund; salary deductions; action of board to be final; meetings A. The board shall have charge of the fund. The board shall assess each member of the police department an amount not to exceed nine percent of his salary excluding overtime pay but including stat…
La. Rev. Stat. § 11:3716 Duties of treasurer; bond
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§3716. Duties of treasurer; bond A. The treasurer of the board shall be the custodian of the fund and keep his books and accounts in the manner prescribed by the board. The books and accounts shall be subject to the inspection of a member of the board at any time. The treasurer s…
La. Rev. Stat. § 11:3717 Deposit of money collected for fund
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§3717. Deposit of money collected for fund Not later than fifteen days after the close of the fiscal year, the treasurer of the board shall deposit to the credit of the fund, in the bank designated by the board, the amounts prescribed in R.S. 11:3502 and all money collected under…
La. Rev. Stat. § 11:3718 Property for benefit of fund; minimum fund required before disbursements can be made
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§3718. Property for benefit of fund; minimum fund required before disbursements can be made A. The board may receive property of any nature for the benefit of the fund. B. The sum of fifty thousand dollars shall be retained as a permanent fund. No pension shall be paid or money d…
La. Rev. Stat. § 11:3719 Investment of fund
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§3719. Investment of fund A. The board may invest the permanent fund or any portion thereof in the name of the "Board of Trustees of the Police Pension and Relief Fund" in interest bearing bonds of the United States of America, or the state of Louisiana, or of the said city of Sh…
La. Rev. Stat. § 11:3720 Money available for pensions
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§3720. Money available for pensions A. The interest received from the investments after the fund has reached fifty thousand dollars or fifteen thousand dollars, as the case may be, and all money received from any source, shall be applicable to the payment of pensions and relief u…
La. Rev. Stat. § 11:3721 Disbursements upon warrants
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§3721. Disbursements upon warrants Money shall be paid by the treasurer from the fund only upon warrants signed by the president and countersigned by the secretary. No warrant shall be drawn except by order of the board. Acts 1968, No. 641, §2; Redesignated from R.S. 33:2361 by A…
La. Rev. Stat. § 11:3722 Financial reporting
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§3722. Financial reporting The condition of the fund as of December thirty-first of each year shall be reported to the governing authority of the municipality by the board's secretary every January. In addition thereto, at least every three years the board shall employ a qualifie…
La. Rev. Stat. § 11:3723 Funds not subject to claims against beneficiaries
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§3723. Funds not subject to claims against beneficiaries The fund, or any portion thereof, before or after an order for its distribution is issued, shall be exempt from assignment or pledge by a beneficiary of the fund or from seizure by virtue of any judicial process issued agai…
La. Rev. Stat. § 11:3724 Pensions and benefits
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§3724. Pensions and benefits Pensions and benefits shall be as follows: (1) If any member of the police department, while in the active service of the police department, becomes and is found by the board of trustees to be temporarily, totally disabled, mentally or physically, for…
La. Rev. Stat. § 11:3725 Election of benefits
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§3725. Election of benefits All laws or parts of laws, in conflict herewith are hereby repealed; provided, that no provision of this Subpart shall operate to affect in any manner the rights of those persons who are now drawing benefits under prior laws and, particularly, this Sub…
La. Rev. Stat. § 11:3726 Filing names of persons entitled to death benefits
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§3726. Filing names of persons entitled to death benefits Every member of the department shall file with the secretary of the board the name of any beneficiary to whom death benefits shall be paid and his relation to the member. Acts 1968, No. 641, §2; Redesignated from R.S. 33:2…
La. Rev. Stat. § 11:3727 Eligibility for appointment to department; physical examination
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§3727. Eligibility for appointment to department; physical examination A. Persons eligible for first appointment to the police department shall be between the ages of twenty-one and thirty-five years at the time of such original appointment, and shall be subject to re-employment …