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0 chapters · 1,663 sections in this title.
La. Rev. Stat. § 11:811 Transferees from Plan A of the School Lunch Employees' Retirement System; termination of Social Security coverage prior to July 1, 1985
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§811. Transferees from Plan A of the School Lunch Employees' Retirement System; termination of Social Security coverage prior to July 1, 1985 A. Any member of the Teachers' Retirement System of Louisiana who is paid from school food service funds and who is transferred from Plan …
La. Rev. Stat. § 11:812 Board of trustees; membership; term of office; compensation; vacancies; meetings; termination as advisory board
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§812. Board of trustees; membership; term of office; compensation; vacancies; meetings; termination as advisory board A. There shall be a board of trustees authorized and empowered to advise the board member of the Teachers' Retirement System of Louisiana who represents employee …
La. Rev. Stat. § 11:813 Appropriations for members not otherwise covered
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§813. Appropriations for members not otherwise covered For each member of the Teachers' Retirement System of Louisiana who is paid from school food service funds and who is not covered by the provisions of R.S. 11:801 through 811, the legislature shall annually appropriate an amo…
La. Rev. Stat. § 11:815 Payment by electronic funds transfer
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§815. Payment by electronic funds transfer A. Subject to the provisions of Subsection B of this Section and notwithstanding any other provision of law to the contrary, any benefit payable by this system pursuant to the provisions of this Part on or after January 1, 2002, shall be…
La. Rev. Stat. § 11:82 Ad valorem tax contributions established
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§82. Ad valorem tax contributions established A. Ad valorem tax contributions to state and statewide public retirement systems shall be as follows: (1) Assessors' Retirement Fund. Dedicated funds are .25% (1% for Orleans Parish) of aggregate taxes shown to be collectible by the t…
La. Rev. Stat. § 11:821 Board of trustees; administrative powers in general
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§821. Board of trustees; administrative powers in general The general administration and responsibility for the proper operation of the retirement system and for making effective the provisions of this Chapter are vested in a board of trustees which shall be organized immediately…
La. Rev. Stat. § 11:822 Members of board of trustees; appointment or election; terms of office; vacancies;
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§822. Members of board of trustees; appointment or election; terms of office; vacancies; compensation A. The board shall consist of such trustees as follows: (1) The state superintendent of education, ex officio, or his designee. (2) One voting member representing the members pai…
La. Rev. Stat. § 11:823 Restriction on election of parish or city superintendent
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§823. Restriction on election of parish or city superintendent No parish or city superintendent of schools shall henceforth be elected to any vacancy or recurring term of any position provided in R.S. 11:822(A)(7) on the Board of Trustees of the Teachers' Retirement System of Lou…
La. Rev. Stat. § 11:824 Trustees' oath of office
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§824. Trustees' oath of office Each trustee shall, within thirty days after his appointment or election, take an oath of office that, so far as it devolves upon him he will diligently and honestly administer the affairs of the board, and that he will not knowingly violate or will…
La. Rev. Stat. § 11:825 Voting powers of trustees; quorum
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§825. Voting powers of trustees; quorum Each trustee shall be entitled to one vote in the board. A majority of the members of the board shall constitute a quorum. Amended by Acts 1991, No. 73, §1; Redesignated from R.S. 17:654 by Acts 1991, No. 74, §3, eff. June 25, 1991.
La. Rev. Stat. § 11:826 Rules and regulations
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§826. Rules and regulations Subject to the limitations of this Part the board of trustees shall, from time to time, establish rules and regulations for the administration of the funds created by this Chapter and for the transaction of its business. The board shall prepare and sub…
La. Rev. Stat. § 11:827 Office of Group Benefits
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§827. Office of Group Benefits A. With respect to the Office of Group Benefits, R.S. 42:801 et seq., the office shall collect applicable insurance premiums by deduction from retirement benefits relative to those retirees, or their eligible surviving spouses or children, of the sy…
La. Rev. Stat. § 11:828 Deduction of employee benefit contributions from retiree benefit checks
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§828. Deduction of employee benefit contributions from retiree benefit checks Notwithstanding any other provision of law to the contrary, the employee contributions for accident and health and life insurance coverage to be paid by any member, retiree, beneficiary, or survivor par…
La. Rev. Stat. § 11:829 Deduction of employee benefit contributions from retiree checks
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§829. Deduction of employee benefit contributions from retiree checks Notwithstanding any other provision of law to the contrary, the retiree contributions for accident and health and life insurance coverage to be paid by any retiree, beneficiary, or survivor participating in a g…
La. Rev. Stat. § 11:830 Officers and employees of board of trustees; compensation
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§830. Officers and employees of board of trustees; compensation The board of trustees shall elect from its membership a chairman and shall by a majority vote of all its members appoint a director and assistant directors. The board of trustees shall engage such actuarial and other…
La. Rev. Stat. § 11:831 Joint administration with other systems
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§831. Joint administration with other systems The board of trustees shall take such actions as it deems necessary or appropriate to provide for the joint administration of the retirement system and the Louisiana School Employees' Retirement System and the Louisiana State School L…
La. Rev. Stat. § 11:832 Records and other information; board's duty to keep
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§832. Records and other information; board's duty to keep A. The board of trustees shall keep in convenient form such data as shall be necessary for actuarial valuation of the various funds of the retirement system, and for checking the experience of the system. B. The board of t…
La. Rev. Stat. § 11:833 Medical board; appointment; duties and powers
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§833. Medical board; appointment; duties and powers The board of trustees shall designate a medical board to be composed of three physicians not eligible to participate in the retirement system. If required, other physicians may be employed to report on special cases. The medical…
La. Rev. Stat. § 11:834 Actuary; appointment; duties and powers; assets; fiduciary responsibility of trustees; portfolio control manager; actuarial assumptions
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§834. Actuary; appointment; duties and powers; assets; fiduciary responsibility of trustees; portfolio control manager; actuarial assumptions A.(1) The board of trustees shall designate an actuary who shall be the technical adviser of the board of trustees on matters regarding th…
La. Rev. Stat. § 11:835 Recall of member of board of trustees
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§835. Recall of member of board of trustees A. Whenever the recall of any member of the board of trustees is sought, a petition shall be directed to the secretary-treasurer of the system. The petition shall be confined to the request that an election be called and held within the…
La. Rev. Stat. § 11:836 Amendment
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§836. Amendment A. The provisions of the retirement system established by R.S. 11:702 may be amended by action of the legislature in the same manner as any other statute may be amended by the legislature. In addition, action of the board with respect to the payment of cost-of-liv…
La. Rev. Stat. § 11:837 Overpayment of benefits; collection
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§837. Overpayment of benefits; collection A. Effective January 1, 2006, the right to collect any benefit paid to an individual to whom the benefit was not due resulting from an administrative error by the system shall apply only to amounts paid during the thirty-six-month period …
La. Rev. Stat. § 11:851 Investment of funds; limitations and restrictions; interest
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§851. Investment of funds; limitations and restrictions; interest A. The board of trustees shall be the trustees of the several funds created by R.S. 11:871 and shall have full power to invest and reinvest available funds and to hold, purchase, sell, assign, transfer, and dispose…
La. Rev. Stat. § 11:852 Secretary-treasurer as custodian of funds; bond
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§852. Secretary-treasurer as custodian of funds; bond The secretary-treasurer of the board of trustees shall be the custodian of the several funds. All payments from these funds shall be made by him or the assistant secretary-treasurer only upon vouchers signed by two persons des…
La. Rev. Stat. § 11:853 Cash deposits; limitations
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§853. Cash deposits; limitations For the purpose of meeting disbursements for pensions, annuities, and other payments, cash may be kept available not exceeding ten percent of the total amount in the several funds of the retirement system. This money shall be kept on deposit in on…
La. Rev. Stat. § 11:854 Fiscal agents; selection by board of trustees
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§854. Fiscal agents; selection by board of trustees The board of trustees shall select fiscal agency banks for the deposit of the funds and securities of the Teachers' Retirement System in the same manner as fiscal agent banks are selected by the Board of Liquidation of the State…
La. Rev. Stat. § 11:855 Private interest of trustees and employees in financial operation of system prohibited
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§855. Private interest of trustees and employees in financial operation of system prohibited Except as otherwise herein provided, no trustee and no employee of the board of trustees shall have any direct interest in the gains or profits of any investment made by the board of trus…
La. Rev. Stat. § 11:856 Reversion of funds prohibited
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§856. Reversion of funds prohibited A. 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 the…
La. Rev. Stat. § 11:857 Compensation of investment advisors
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§857. Compensation of investment advisors The board of trustees of the Teachers' Retirement System of Louisiana is hereby authorized, in requesting proposals for investment advisory services, to require that fees shall be quoted as a fixed fee, a fee based on market value of asse…
La. Rev. Stat. § 11:871 Funds to which assets credited
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§871. Funds to which assets credited All of the assets of the retirement system shall be credited according to the purpose for which they are held to one of five funds, namely, the annuity savings fund, the employee experience account, the pension accumulation fund, the pension r…
La. Rev. Stat. § 11:872 Contributions when compensation is reduced or not paid
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§872. Contributions when compensation is reduced or not paid In the event the daily compensation paid to a member of this system is reduced by an amount paid to a substitute, the employee and employer contributions to the system shall be the same amount as if no deduction was mad…
La. Rev. Stat. § 11:873 Annuity savings fund; description; contributions to and payment from fund, how made; amount of employees' contributions
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§873. Annuity savings fund; description; contributions to and payment from fund, how made; amount of employees' contributions The annuity savings fund shall be a fund in which shall be accumulated contributions from the compensation of members to provide for their annuities. Cont…
La. Rev. Stat. § 11:875 Pension accumulation fund; description and composition of funds; normal and accrued liability contributions; determination
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§875. Pension accumulation fund; description and composition of funds; normal and accrued liability contributions; determination The pension accumulation fund shall be the fund in which shall be accumulated all reserves for the payment of all pensions and other benefits payable f…
La. Rev. Stat. § 11:876 Annual amounts payable to pension accumulation fund from sources other than parish tax collections
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§876. Annual amounts payable to pension accumulation fund from sources other than parish tax collections The total amount payable in each year to the pension accumulation fund, out of funds other than the funds derived from tax collections in the parishes as provided for by R.S. …
La. Rev. Stat. § 11:877 Accrued liability contributions; discontinuance
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§877. Accrued liability contributions; discontinuance The accrued liability contribution shall be discontinued as soon as the accumulated reserve in the pension accumulation fund shall equal the present value, as actuarially computed and approved by the board of trustees, of the …
La. Rev. Stat. § 11:878 Pensions and benefits payable from accumulation fund; transfers to reserve fund
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§878. Pensions and benefits payable from accumulation fund; transfers to reserve fund A. All pensions, and benefits in lieu thereof, with the exception of those payable on account of members who receive no prior service allowance, payable from contributions of employers, shall be…
La. Rev. Stat. § 11:879 Pension reserve fund; description of and payments from fund
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§879. Pension reserve fund; description of and payments from fund The pension reserve fund shall be the fund in which shall be held the reserves on all annuities and on all pensions granted to retirees and from which such pensions and benefits shall be paid. If a beneficiary, ret…
La. Rev. Stat. § 11:880 Supplementary benefit fund and payments therefrom
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§880. Supplementary benefit fund and payments therefrom A. A new fund in the teachers' retirement system is hereby created to be designated as the supplementary benefit fund. From this fund supplementary benefits not to exceed twenty dollars per month are to be made to certain re…
La. Rev. Stat. § 11:881 Benefits for certain employees designated to hold supplemental membership
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§881. Benefits for certain employees designated to hold supplemental membership Notwithstanding any provisions of this Part to the contrary an employee holding membership in the United States Civil Service Retirement System by virtue of his employment by Louisiana State Universit…
La. Rev. Stat. § 11:882 Expense fund
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§882. Expense fund The expense fund is the fund from which the expenses of the administration of the retirement system shall be paid, exclusive of amount payable as retirement allowances or other benefits provided in this Part. The board of trustees shall determine annually the a…
La. Rev. Stat. § 11:883 Unexpended balance in expense fund
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§883. Unexpended balance in expense fund The unexpended balance in the expense fund on June thirtieth of each year shall be paid by the board of trustees into the pension accumulation fund. Added by Acts 1960, No. 401, §2. Amended by Acts 1966, No. 81, §2; Redesignated from R.S. …
La. Rev. Stat. § 11:883.1 Experience account
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§883.1. 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 account on June 29, 2009, shall be allocated in the following order: (a…
La. Rev. Stat. § 11:883.1.1 Supplemental cost-of-living increase for 2007; payment from experience account
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§883.1.1. Supplemental cost-of-living increase for 2007; payment from experience account A. The Constitution of Louisiana requires the legislature to provide for the retirement of teachers and other employees of the public educational system of the state. The legislature finds th…
La. Rev. Stat. § 11:883.2 Benefit adjustments; cost-of-living adjustments; supplemental benefits
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§883.2. Benefit adjustments; cost-of-living adjustments; supplemental benefits Any benefit adjustment or cost-of-living adjustment authorized by any law shall not cause a decrease in any supplemental benefits or payments authorized by any law. Acts 1997, No. 812, §1, eff. July 1,…
La. Rev. Stat. § 11:883.3 Minimum benefit increase; payment from experience account
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§883.3. 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, excl…
La. Rev. Stat. § 11:883.3.1 2021 minimum benefit increase; payment from experience account
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§883.3.1. 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. § 11:883.4 Permanent benefit increase; payable beginning July 1, 2016
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§883.4. Permanent benefit increase; payable beginning July 1, 2016 A. Notwithstanding any provision of R.S. 11:883.1 to the contrary, the board of trustees of the Teachers' Retirement System of Louisiana may pay a permanent benefit increase, payable beginning July 1, 2016, to the…
La. Rev. Stat. § 11:883.5 Permanent benefit increase funding account
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§883.5. Permanent benefit increase funding account A. Effective July 1, 2023, the balance in the permanent benefit increase funding account, referred to in this Section as the "PBI account", shall be zero. B.(1) The PBI account shall be credited as follows: (a) Any amount allocat…
La. Rev. Stat. § 11:884 Collection of members' contributions; procedure
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§884. Collection of members' contributions; procedure A. The collection of members' contributions shall be as follows: (1) Each employer shall cause to be deducted on each and every payroll of a member eight percent of the earnable compensation of such member; provided, however, …
La. Rev. Stat. § 11:885 Collection of employers' contributions; procedure
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§885. Collection of employers' contributions; procedure The collection of employers' contributions on the earnable compensation of members shall be made as follows: (1) The board of trustees shall certify to the State Department of Education, the Board of Elementary and Secondary…
