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La. Rev. Stat. § 11:952.4 False statements or falsification of records; penalty; errors
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§952.4. False statements or falsification of records; penalty; errors A. Any person who knowingly makes any false statement or falsifies or permits to be falsified any record or records of this funded retirement system in any attempt to defraud such system shall be fined not more…
La. Rev. Stat. § 11:952.40 Minimum benefit payable to former participants in the nonfunded university retirement plan
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§952.40. Minimum benefit payable to former participants in the nonfunded university retirement plan Anything herein to the contrary notwithstanding, the retirement allowance payable at retirement, inclusive of any tax-sheltered annuity purchased for the member under the provision…
La. Rev. Stat. § 11:952.41 Conditions for vested deferred retirement allowance
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§952.41. Conditions for vested deferred retirement allowance A. Subject to the provisions of R.S. 11:952.41(B), a member who has completed five or more years of credited service as a contributing member of this system or ten or more years of total credited service, and who, for r…
La. Rev. Stat. § 11:952.42 Return of member's contributions
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§952.42. Return of member's contributions A. If a member ceases to be an employee for reasons other than retirement or death and if he has not elected or is ineligible to receive a vested deferred retirement allowance under R.S. 11:952.41, the amount of his accumulated contributi…
La. Rev. Stat. § 11:952.43 Benefits for certain employees designated to hold supplemental membership
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§952.43. Benefits for certain employees designated to hold supplemental membership Any provisions of this Chapter to the contrary notwithstanding, an employee holding membership in the United States Civil Service Retirement System by virtue of his employment by the university sha…
La. Rev. Stat. § 11:952.51 Funds to which assets credited
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§952.51. 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 two funds, namely, the members' fund and the accumulation fund. Added by Acts 1971, No. 26, §1. Redesignated from R.S. 1…
La. Rev. Stat. § 11:952.52 Members' fund; tax-sheltered annuities
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§952.52. Members' fund; tax-sheltered annuities A. The members' fund shall be the fund in which shall be accumulated contributions deducted from the compensation of members. B.(1) Contributions shall be made by each member on and after the effective date of the system equal to: (…
La. Rev. Stat. § 11:952.53 Accumulation fund
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§952.53. Accumulation fund A. The accumulation fund shall be the fund in which shall be accumulated all reserves for the payment of all benefits payable from contributions made by the university, and all amounts transferred from the members' fund, and from which shall be paid all…
La. Rev. Stat. § 11:952.54 Operating expenses
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§952.54. Operating expenses The board of supervisors shall include an estimated amount required for operating expenses of the system in the appropriation for the operating expenses of the university. Added by Acts 1971, No. 26, §1. Redesignated from R.S. 17:1639 pursuant to R.S. …
La. Rev. Stat. § 11:952.55 Appropriations by state
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§952.55. Appropriations by state The board of supervisors shall include in its annual operating budget submitted to the state an estimate of the contributions of the state to the system necessary for the ensuing fiscal year. Added by Acts 1971, No. 26, §1. Redesignated from R.S. …
La. Rev. Stat. § 11:952.61 Board of supervisors; administrative powers in general
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§952.61. Board of supervisors; administrative powers in general A. 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 the Board of Supervisors of Louisiana State Uni…
La. Rev. Stat. § 11:952.62 Actuary; appointment; duties and powers
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§952.62. Actuary; appointment; duties and powers The board of supervisors shall designate an actuary who shall be the technical advisor of the board of supervisors on matters regarding the operation of the funds created by the provisions of this part, and shall perform such other…
La. Rev. Stat. § 11:952.71 Investment of funds by board of supervisors; limitations and restrictions; interest
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§952.71. Investment of funds by board of supervisors; limitations and restrictions; interest A. The board of supervisors shall be the trustees of the funds, and shall have full power to invest and reinvest such funds, subject to all the terms, conditions, limitation and restricti…
