Title 11, Consolidated Public Retirement
0 chapters · 1,796 sections in this title.
La. Rev. Stat. § 11:515 Powers and duties
2.0K chars
§515. Powers and duties The board of trustees shall have the following powers and duties: (1) To appoint the director, assistant directors, and chief investment officer, to fix their salaries, and to designate the powers and duties of these officials. (2) To make, alter, amend an…
La. Rev. Stat. § 11:516 Joint administration with other systems
1.1K chars
§516. Joint administration with other systems The board of trustees may take such actions as it deems necessary or appropriate to provide for the joint administration of the retirement system and the Louisiana State Police Retirement System; however, no action shall be taken whic…
La. Rev. Stat. § 11:517 Investments
0.5K chars
§517. Investments The board may invest available funds and may hold, purchase, sell, assign, transfer, and dispose of any of the securities of the system, in the name of the system or a nominee name, provided the action is taken in compliance with the rules and regulations establ…
La. Rev. Stat. § 11:531 Monthly retirement report; employer and employee contributions
2.5K chars
§531. Monthly retirement report; employer and employee contributions A.(1) Each agency employing members of the system shall submit a certified monthly retirement report to the board of trustees containing the following information: (a) The earned compensation of each employee wh…
La. Rev. Stat. § 11:532 Employees' Savings Account
0.8K chars
§532. Employees' Savings Account A. The Employees' Savings Account shall be credited as follows: 1. Employee contributions. 2. Interest credited to employee contributions prior to July, 1970. B. The Employees' Savings Account shall be charged as follows: 1. Refunds paid to termin…
La. Rev. Stat. § 11:533 Employers' Accumulation Account
1.2K chars
§533. Employers' Accumulation Account A. The Employers' Accumulation Account shall be credited as follows: 1. Employer contributions. 2. Interest paid by the agency on purchase of state service, military service, and educational leave and training. 3. Interest paid by the member …
La. Rev. Stat. § 11:534 Retiree's Annuity Reserve
1.1K chars
§534. Retiree's Annuity Reserve A. The Retiree's Annuity Reserve shall be credited as follows: 1. The employees' accumulated contributions shall be credited immediately upon retirement or payment of survivor's benefits. 2. Amount determined by Actuary transferred at end of fiscal…
La. Rev. Stat. § 11:535 Expense account
0.5K chars
§535. Expense account The expense account is the fund from which the expenses of the administration of the system shall be paid. The board shall determine annually the amount required to defray the expenses for the ensuing fiscal year. The amount required, as determined by the bo…
La. Rev. Stat. § 11:536 Bank accounts
0.6K chars
§536. Bank accounts For the purpose of meeting disbursements for retirement allowances, annuities, and other payments there may be kept available cash, not exceeding the requirements of the system for a period of ninety days, on deposit in one or more banks or trust companies of …
La. Rev. Stat. § 11:537 Refund of contributions; application, payment, effect, repayment to system; restoration of service
3.7K chars
§537. Refund of contributions; application, payment, effect, repayment to system; restoration of service A. Any member who withdraws from service under the provisions hereof may apply for and obtain a refund of the amount of his accumulated contributions credited to him in the em…
La. Rev. Stat. § 11:538 Termination of contributions; benefits
0.5K chars
§538. Termination of contributions; benefits The retirement benefits provided by this Part shall not exceed the limits provided in R.S. 11:444(B). When a member has earned benefits equal to one hundred percent of his average compensation, no further contributions shall be require…
La. Rev. Stat. § 11:538.1 Rollover of distributions
0.9K chars
§538.1. Rollover of distributions A. If the distributee of any eligible rollover distribution under this plan elects to have such distribution paid directly to an eligible retirement plan and specifies the eligible retirement plan to which such distributions are to be paid, such …
La. Rev. Stat. § 11:538.2 Notice of rollover distributions
1.4K chars
§538.2. Notice of rollover distributions A. The Louisiana State Employees' Retirement System shall, within a reasonable period of time before making an eligible rollover distribution, provide a written explanation to the recipient of such distribution explaining the following: (1…
La. Rev. Stat. § 11:539 Reversion of funds prohibited
1.4K chars
§539. Reversion of funds prohibited A.(1) At no time shall it be possible for the plan assets to be used for, or diverted to, any person other than for the exclusive benefit of the members and their beneficiaries, except that contributions made by the employer may be returned to …
La. Rev. Stat. § 11:540 Unclaimed funds, checks, and property; retention by system
1.5K chars
§540. Unclaimed funds, checks, and property; retention by system A. Any unclaimed employee contributions, other funds, checks, or any other property held by the Louisiana State Employees' Retirement System that could be claimed by a member or prior member, the member's beneficiar…
La. Rev. Stat. § 11:541 Payment of contributions; delinquency; agreement to deductions
0.7K chars
§541. Payment of contributions; delinquency; agreement to deductions When any political subdivision or agency of the state is delinquent in its payments to the Louisiana State Employees' Retirement System, the system is hereby authorized to certify to the state treasurer that the…
La. Rev. Stat. § 11:542 Experience account
13.8K chars
§542. Experience account A.(1) Effective July 1, 2004, the balance in the experience account shall be zero. (2) Effective June 30, 2009, the balance in the experience account shall be zero. Any funds in the experience account on June 29, 2009, shall be allocated in the following …
La. Rev. Stat. § 11:542.1 Supplemental cost-of-living increase for 2007; payment from experience account
4.4K chars
§542.1. Supplemental cost-of-living increase for 2007; payment from experience account A. The legislature hereby acknowledges that providing generous retirement benefits for our state employees is an important element of the complete compensation package the state offers such emp…
La. Rev. Stat. § 11:542.1.1 Minimum benefit increase; payment from experience account
3.9K chars
§542.1.1. Minimum benefit increase; payment from experience account A. A monthly minimum benefit increase shall be payable to: (1) Each retiree of the system who, on June 30, 2009, meets all of the following criteria: (a) The retiree has thirty or more years of service credit, ex…
La. Rev. Stat. § 11:542.1.2 2021 minimum benefit increase; payment from experience account
3.8K chars
§542.1.2. 2021 minimum benefit increase; payment from experience account A. A monthly minimum benefit increase shall be payable to: (1) Each retiree of the system who, on June 30, 2021, meets all of the following criteria: (a) He has thirty or more years of service credit, exclus…
La. Rev. Stat. § 11:542.2 Cost-of-living adjustment; payable beginning July 1, 2016
1.9K chars
§542.2. Cost-of-living adjustment; payable beginning July 1, 2016 A. Notwithstanding any provision of R.S. 11:542 to the contrary, the board of trustees of the Louisiana State Employees' Retirement System may pay a cost-of-living adjustment, payable beginning July 1, 2016, to the…
La. Rev. Stat. § 11:542.3 Nonrecurring lump-sum supplemental payment for 2022; payment from experience
1.3K chars
§542.3. Nonrecurring lump-sum supplemental payment for 2022; payment from experience account A. A nonrecurring lump-sum supplemental payment shall be payable to the following retirees and beneficiaries: (1) Any retiree, other than a disability retiree, who has attained at least a…
La. Rev. Stat. § 11:543 Collection of benefits not due
0.6K chars
§543. Collection of benefits not due The board of trustees shall use all reasonable means to collect benefits paid by the system to an individual who was not due the benefit. The right to collect any benefit paid to an individual to whom the benefit was not due shall prescribe af…
La. Rev. Stat. § 11:544 Repealed by Acts 2018, No
0.1K chars
§544. Repealed by Acts 2018, No. 612, §22, eff. July 1, 2020.
La. Rev. Stat. § 11:545 Department of Public Safety Peace Officers Fund
3.5K chars
§545. Department of Public Safety Peace Officers Fund A. There is hereby established in the state treasury a special fund to be known as the "Department of Public Safety Peace Officers Fund" hereinafter referred to as the "fund". B.(1) At the close of the 2006-2007 Fiscal Year, a…
La. Rev. Stat. § 11:546 Adult Probation and Parole Officer Retirement Fund
4.3K chars
§546. Adult Probation and Parole Officer Retirement Fund A. There is hereby established in the state treasury a special fund to be known as the Adult Probation and Parole Officer Retirement Fund, hereafter in this Section, the "fund". B. Beginning with the 2009-2010 Fiscal Year a…
La. Rev. Stat. § 11:547 Cost-of-living adjustment funding account
4.0K chars
§547. Cost-of-living adjustment funding account A. Effective July 1, 2023, the balance in the cost-of-living adjustment funding account, referred to in this Section as the "COLA account", shall be zero. B.(1) The COLA account shall be credited as follows: (a) Any amount allocated…
La. Rev. Stat. § 11:551 Eligibility for membership
1.2K chars
§551. Eligibility for membership A. Notwithstanding anything in R.S. 11:413 to the contrary, the judges and court officers set forth in R.S. 11:553 who take office on and after July 1, 1983, shall become members of the Louisiana State Employees' Retirement System and be eligible …
La. Rev. Stat. § 11:552 Effect of failure to exercise option
1.2K chars
§552. Effect of failure to exercise option A. Any judge or court officer enumerated in R.S. 11:553 who is in office on August 2, 1976, and who does not avail himself of the provisions of this Subpart by timely exercising the option hereinafter provided, and their surviving spouse…
La. Rev. Stat. § 11:553 Eligible judges and court officers
2.1K chars
§553. Eligible judges and court officers This Subpart shall apply to judges and court officers enumerated in this Section whose first employment making them eligible for membership in one of the state systems occurred on or before December 31, 2010: (1) Justices of the Louisiana …
La. Rev. Stat. § 11:554 Exercise of option
2.5K chars
§554. Exercise of option A. Each judge and court officer described in R.S. 11:553 who is in office on August 2, 1976, is hereby granted the option to become a member of the Louisiana State Employees' Retirement System for a period of one hundred twenty days from said date by elec…
La. Rev. Stat. § 11:555 Membership and credit; additional
1.4K chars
§555. Membership and credit; additional Notwithstanding any other provisions of law to the contrary, any judge enumerated in R.S. 11:553 who is in office on September 7, 1979 and who failed to timely exercise his option to be governed by this Subpart shall be eligible to become a…
La. Rev. Stat. § 11:556 Exercise of option; additional time granted
2.2K chars
§556. Exercise of option; additional time granted Notwithstanding any other provisions of law to the contrary, any person enumerated in R.S. 11:553 who is in office on September 6, 1985, and who failed to timely exercise his option to be governed by this Subpart shall be eligible…
La. Rev. Stat. § 11:557 Additional benefits
1.7K chars
§557. Additional benefits A. Any person covered by this Subpart who becomes a member of the Louisiana State Employees' Retirement System shall receive an additional benefit equal to one percent times the number of years of service as a judge or court officer times his average com…
La. Rev. Stat. § 11:558 Eligibility for retirement
6.0K chars
§558. Eligibility for retirement Eligibility for retirement under this Part shall be as follows: A.(1) Any person covered by this Part who becomes a member of the Louisiana State Employees' Retirement System and who prior to application for service retirement has accumulated a to…
La. Rev. Stat. § 11:558.1 Credit resulting from certain delays
1.4K chars
§558.1. Credit resulting from certain delays A. Any judge currently serving in a court who was delayed by a federal court from assuming the duties of his judicial division pending the resolution of a dispute involving the Voting Rights Act, or pending judicial restructuring by fe…
La. Rev. Stat. § 11:558.2 District court judges' benefits; service credit; calculation
1.4K chars
§558.2. District court judges' benefits; service credit; calculation A. Any member of this system who is or was a judge of a civil district court or a criminal district court in a parish that has separate civil and criminal district courts shall be eligible for retirement benefit…
La. Rev. Stat. § 11:559 Transfer of creditable service; purchase of credit for service
1.4K chars
§559. Transfer of creditable service; purchase of credit for service Any judge or court officer enumerated in R.S. 11:553 who is a member of the Louisiana State Employees' Retirement System shall have the option of any or all of the following: (1) Transferring to the Louisiana St…
La. Rev. Stat. § 11:560 Contributions
1.0K chars
§560. Contributions In addition to the regular employee contribution required by law to be paid into the Louisiana State Employees' Retirement System by its members, each person covered by this Subpart who becomes a member of that system thereafter shall contribute to the system …
La. Rev. Stat. § 11:561 Disability retirement pay
1.1K chars
§561. Disability retirement pay Notwithstanding any contrary provision of law, any person who becomes a member of the Louisiana State Employees' Retirement System in accordance with the provisions of this Subpart and who thereafter becomes physically or mentally incapacitated to …
La. Rev. Stat. § 11:562 Survivor benefits
2.2K chars
§562. Survivor benefits A. Benefits for the surviving spouse, minor children, and handicapped or mentally retarded children of any deceased person enumerated in R.S. 11:553 who becomes a member of the Louisiana State Employees' Retirement System shall be paid in accordance with t…
La. Rev. Stat. § 11:562.1 Continued eligibility for survivor benefits of minor children and handicapped or mentally retarded children
1.0K chars
§562.1. Continued eligibility for survivor benefits of minor children and handicapped or mentally retarded children Participation in the Deferred Retirement Option Plan, pursuant to R.S. 11:447, shall not terminate membership in the Louisiana State Employees’ Retirement System fo…
La. Rev. Stat. § 11:563 Additional creditable service
1.7K chars
§563. Additional creditable service A. Notwithstanding any other provisions of law to the contrary, any person who becomes a member of the Louisiana State Employees' Retirement System shall be eligible to receive credit in the system for service rendered as a judge of any court i…
La. Rev. Stat. § 11:564 Credit for service with indigent defender program
1.4K chars
§564. Credit for service with indigent defender program Notwithstanding any other provision of law to the contrary, any person who is a member of the retirement plan maintained for judges and officers of the court within the Louisiana State Employees' Retirement System shall be e…
La. Rev. Stat. § 11:565 Credit for service with Legal Aid Bureau
1.2K chars
§565. Credit for service with Legal Aid Bureau Notwithstanding any other provision of law to the contrary, any person who is a participant in the retirement plan maintained for judges and officers of the court within the Louisiana State Employees' Retirement System shall be eligi…
La. Rev. Stat. § 11:565.1 Credit for service as full-time law clerk
0.9K chars
§565.1. Credit for service as full-time law clerk Notwithstanding any other provision of law to the contrary, any person who is a participant in the retirement plan maintained for judges and officers of the court within the Louisiana State Employees' Retirement System shall be el…
La. Rev. Stat. § 11:566 Assigned judges
0.9K chars
§566. Assigned judges A. For purposes of Article V, Section 5 of the Constitution of Louisiana with respect to the assignment of judges, a retired judge shall be an individual formerly elected to the office of judge, who is not currently serving, whether or not vested in the reti…
La. Rev. Stat. § 11:567 Existing members of system
0.4K chars
§567. Existing members of system Any person covered by this Subpart who on August 2, 1976, is a member of the Louisiana State Employees' Retirement System shall have the option to avail himself of the provisions of this Subpart as though he were not such a member. Added by Acts 1…
La. Rev. Stat. § 11:568 Vesting
0.4K chars
§568. Vesting Any person covered by this Subpart who becomes a member of the Louisiana State Employees' Retirement System shall be immediately vested with all the benefits, emoluments, and conditions of the system and also with the additional benefits provided by this Subpart. Ad…
La. Rev. Stat. § 11:569 Payment of benefits, source
0.4K chars
§569. Payment of benefits, source Benefits payable pursuant to this Subpart shall be paid by the Louisiana State Employees' Retirement System, with respect to any judge or court officer described in R.S. 11:553. Added by Acts 1976, No. 518, §1; Redesignated from R.S. 13:25 by Act…