Title 11, Consolidated Public Retirement
0 chapters · 1,796 sections in this title.
La. Rev. Stat. § 11:780 Reexamination of disability retirees; modification of benefits; restoration to active
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§780. Reexamination of disability retirees; modification of benefits; restoration to active service A. Once each year during the first five years following any retirement of a member on a disability retirement allowance and once in every three-year period thereafter, the board of…
La. Rev. Stat. § 11:780.1 Employment; termination of benefits
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§780.1. Employment; termination of benefits If a disability retiree from the Teachers' Retirement System of Louisiana becomes employed in any employment in the field of education, whether public or private, his disability benefit shall terminate. Acts 1992, No. 552, §1, eff. July…
La. Rev. Stat. § 11:781 Refund of contributions
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§781. Refund of contributions A.(1) If a member ceases to be a teacher prior to participation in the Deferred Retirement Option Plan, except by death or retirement, under the provisions of this Chapter or as provided in R.S. 11:765 and 766, he shall be paid the total amount of th…
La. Rev. Stat. § 11:782 Refund of contributions to members out of service for five years
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§782. Refund of contributions to members out of service for five years Whenever a member has been out of service for five years without having applied for a refund of contributions, the retirement system shall transmit to him by certified mail, return receipt requested, to his la…
La. Rev. Stat. § 11:783 Selection of option for method of payment after death of member
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§783. Selection of option for method of payment after death of member A.(1) No optional election shall be effective when a retiree or participant in the Deferred Retirement Option Plan dies within thirty days after the effective date of retirement or the effective date of partici…
La. Rev. Stat. § 11:784 Payment of benefits
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§784. Payment of benefits A. The retirement system shall pay all benefits in accordance with a good faith interpretation of the requirements of Section 401(a)(9) of the Internal Revenue Code as applicable to a governmental plan within the meaning of Section 414(d) of the Internal…
La. Rev. Stat. § 11:784.1 Maximum benefits
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§784.1. Maximum benefits A.(1) Notwithstanding any other provision of this system to the contrary, the member contributions paid to and retirement benefits paid from the plan shall be limited to such extent as may be necessary to conform to the requirements of Section 415 of the …
La. Rev. Stat. § 11:785 Compliance with certain federal and state provisions relating to qualified military
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§785. Compliance with certain federal and state provisions relating to qualified military service A. Notwithstanding any other provision of law to the contrary, effective December 12, 1994, contributions, benefits, and service credit in this system with respect to qualified milit…
La. Rev. Stat. § 11:785.1 Annual compensation limitation for determination of benefits
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§785.1. Annual compensation limitation for determination of benefits A. Unless otherwise provided in this Chapter, the accrued benefit of each "Section 401(a)(17) employee" as that term is defined below shall be the greater of the following: (1) The employee's accrued benefit det…
La. Rev. Stat. § 11:786 Deferred Retirement Option Plan
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§786. Deferred Retirement Option Plan A.(1) In lieu of terminating employment and accepting a retirement allowance, any member of this system whose first employment making him eligible for membership in one of the state retirement systems occurred on or before December 31, 2010, …
La. Rev. Stat. § 11:787 Plan participation
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§787. Plan participation A.(1) During participation in the plan, although the member shall remain a member of this retirement system, neither regular member nor employer contributions to the regular plan shall be payable. (2) Notwithstanding any other provision of law to the cont…
La. Rev. Stat. § 11:788 Deferred Retirement Option Plan Account
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§788. Deferred Retirement Option Plan Account A. The system shall establish a Deferred Retirement Option Plan Account which shall be a part of the system fund. This account shall not be subject to any fees, costs, or expenses of any kind. B.(1) The system shall maintain subaccoun…
La. Rev. Stat. § 11:789 Termination of participation
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§789. Termination of participation A. Upon termination of participation in both the plan and employment, a participant shall: (1) At the participant's option, receive either a lump sum payment from the account equal to the amount then credited to his individual subaccount or syst…
La. Rev. Stat. § 11:790 Irrevocability of election
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§790. Irrevocability of election Once participation in the plan commences, the election to participate is irrevocable and the term of participation may not be extended. Only one period of participation is permitted. Average compensation and election of option, if any, are fixed u…
La. Rev. Stat. § 11:791 Repealed by Acts 2001, No
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§791. Repealed by Acts 2001, No. 1173, §3, eff. July 1, 2002.
La. Rev. Stat. § 11:792 Direct rollover
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§792. Direct rollover A. The provisions of this Section shall apply to all eligible distributions by the system made on or after January 1, 1993, for purposes of compliance with Section 401(a)(31) of the Internal Revenue Code. Notwithstanding any other provision of law to the con…
La. Rev. Stat. § 11:793 Renunciation; retirement benefit or allowance
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§793. Renunciation; retirement benefit or allowance The Teachers' Retirement System of Louisiana is hereby authorized to promulgate rules and regulations in accordance with the Administrative Procedure Act to permit the irrevocable renunciation of a retirement benefit or allowanc…
La. Rev. Stat. § 11:794 Change of beneficiary
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§794. Change of beneficiary A change of beneficiary for a member or retiree of the Teachers' Retirement System of Louisiana shall not be effective until a properly executed, original change of beneficiary form is received by the Teachers' Retirement System of Louisiana, and such …
La. Rev. Stat. § 11:801 Eligibility
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§801. Eligibility Any member of the Teachers' Retirement System who is paid from school food service funds and whose employer has not terminated its agreement with the Department of Health, Education and Welfare, or its successor, for such employees, shall be governed by the prov…
La. Rev. Stat. § 11:802 Eligibility for regular retirement
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§802. Eligibility for regular retirement A. Any member covered by R.S. 11:801 whose first employment making him eligible for membership in one of the state systems occurred on or before June 30, 2015, shall be eligible to retire if he has at least: (1) Thirty years of creditable …
La. Rev. Stat. § 11:803 Computation of regular retirement allowance
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§803. Computation of regular retirement allowance A. The yearly amount of the retirement allowance for any member covered by R.S. 11:801 shall be equal to two percent of the member's average final compensation multiplied by his years of creditable service. B. The benefits provide…
La. Rev. Stat. § 11:804 Eligibility for disability retirement
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§804. Eligibility for disability retirement An active contributing member covered by R.S. 11:801, who becomes disabled, and who files for disability benefits while in service, and who upon medical examination and certification as provided for in R.S. 11:201 through 224, is found …
La. Rev. Stat. § 11:805 Computation of disability benefits
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§805. Computation of disability benefits A. Eligibility for disability retirement, procedures for application for disability benefits, procedures for the certification of continuing eligibility for disability benefits, the authority of the board of trustees to modify disability b…
La. Rev. Stat. § 11:806 Eligibility for survivor benefits
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§806. Eligibility for survivor benefits A. Any member covered by R.S. 11:801 with twenty or more years of creditable service and not eligible for normal retirement at the time of his death, who leaves a surviving spouse who is not eligible for Social Security survivorship or reti…
La. Rev. Stat. § 11:807 Employee contributions
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§807. Employee contributions Each member covered by R.S. 11:801 shall contribute an amount equal to five percent of his earnable compensation to the retirement system as the employee contribution. Added by Acts 1982, No. 718, §1; Redesignated from R.S. 17:642.6 by Acts 1991, No. …
La. Rev. Stat. § 11:808 Employer contributions
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§808. Employer contributions The state of Louisiana shall annually appropriate an amount equal to six and one-tenth percent of each and every member's earnable compensation, such annual appropriation to be paid to the system through the state treasurer's office in twelve equal in…
La. Rev. Stat. § 11:809 Termination of Social Security coverage
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§809. Termination of Social Security coverage Any member who is covered by R.S. 11:801, whose employer withdraws its employees from Social Security coverage, shall, upon the effective date of withdrawal be governed by the laws otherwise governing the Teachers' Retirement System; …
La. Rev. Stat. § 11:81 Purpose of Subpart
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§81. Purpose of Subpart The purpose of this Subpart is to comply with the requirements of Article X, Section 29(E)(3) of the Constitution of Louisiana that the legislature shall determine dedicated taxes for statewide public retirement systems not covered by the provisions of Art…
La. Rev. Stat. § 11:810 Conflict with other law
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§810. Conflict with other law Any member of the Teachers' Retirement System of Louisiana who is paid from school food service funds and whose employer has not terminated its agreement with the Department of Health, Education and Welfare, or its successor, for such employees, shal…
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…