Title 11, Consolidated Public Retirement
0 chapters · 1,796 sections in this title.
La. Rev. Stat. § 11:1456.1 Back-Deferred Retirement Option Program
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§1456.1. Back-Deferred Retirement Option Program A.(1) There is hereby created an optional retirement benefit program for members of the fund called the "Back-Deferred Retirement Option Program" which shall be referred to in this Chapter as "Back-DROP". (2) In lieu of receiving a…
La. Rev. Stat. § 11:1456.2 Rescission of participation in the Deferred Retirement Option Plan
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§1456.2. Rescission of participation in the Deferred Retirement Option Plan Notwithstanding any law to the contrary, any participant in the Deferred Retirement Option Plan (DROP) of this fund who has not severed employment and has not taken a distribution from his DROP account ma…
La. Rev. Stat. § 11:1457 Qualified plan; direct rollover; eligible retirement plan; election
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§1457. Qualified plan; direct rollover; eligible retirement plan; election A. Notwithstanding any other provision of law to the contrary that would otherwise limit a state or statewide retirement system member's election under this Section, a distributee may elect, at the time an…
La. Rev. Stat. § 11:1458 Computation of retirement benefits
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§1458. Computation of retirement benefits A.(1) This Section is intended to comply with Section 415 of the Internal Revenue Code. (2) The normal retirement benefit of a member shall not exceed the dollar amount set forth in this Section. (3) The board may promulgate rules in acco…
La. Rev. Stat. § 11:146 Credit for certain Louisiana State University service
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§146. Credit for certain Louisiana State University service A. Any person who is now and has been a contributing member for at least eighteen months of any actuarially funded retirement system in this state which is supported in whole or in part with public funds shall be eligibl…
La. Rev. Stat. § 11:1461 Cost-of-living increase; determination by board of trustees
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§1461. Cost-of-living increase; determination by board of trustees A. The board of trustees may use excess interest earnings on investments of the system in excess of normal requirements as determined by the actuary to provide a cost-of-living increase in benefits for retired mem…
La. Rev. Stat. § 11:147 Elected public officials serving less than a full term of office because of the 1974 Constitution of Louisiana
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§147. Elected public officials serving less than a full term of office because of the 1974 Constitution of Louisiana Notwithstanding any other provision of law to the contrary, but in accordance with applicable laws relative to the receipt of service credit which are not in confl…
La. Rev. Stat. § 11:1471 Membership and organization of board; election of members; vacancies
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§1471. Membership and organization of board; election of members; vacancies A. The board of trustees shall be composed of seventeen members as follows: (1) The president, vice president, and treasurer of the Louisiana Assessors' Association. (2) Twelve other members who shall be …
La. Rev. Stat. § 11:1472 Secretary of board; records and reports; part-time employees
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§1472. Secretary of board; records and reports; part-time employees A. The board of trustees shall have authority to appoint a secretary, and shall fix, at its discretion, the salary to be paid as compensation for such services, and to employ actuarial, clerical, and other help a…
La. Rev. Stat. § 11:148 Membership age limitations
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§148. Membership age limitations A.(1)(a) The purpose of this Section is to provide uniform membership age limitations for public retirement systems and pension funds. (b) The provisions of this Section are applicable with respect to all retirement systems and pension funds maint…
La. Rev. Stat. § 11:1481 Financing of fund; deductions; deficiencies and surpluses; remedies
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§1481. Financing of fund; deductions; deficiencies and surpluses; remedies The fund shall be financed as set forth hereunder: (1)(a)(i) Each sheriff and ex officio tax collector of the state of Louisiana, or other official responsible for such tax collection, is hereby authorized…
La. Rev. Stat. § 11:1482 Funds to which assets credited
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§1482. Funds to which assets credited A. The annuity savings fund shall be the fund to which shall be credited all accumulated contributions of members. From this fund shall be paid the refunded contributions because of withdrawal or death of a member, and the amounts required to…
La. Rev. Stat. § 11:1483 Control and expenditure of funds; investments; warrants; expenses; deposits
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§1483. Control and expenditure of funds; investments; warrants; expenses; deposits A. The board of trustees shall have complete control of the funds and shall have the power to draw such sums of money from its treasury for expenses as hereinafter provided for and to invest such f…
La. Rev. Stat. § 11:1484 Reversion of funds prohibited
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§1484. 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 or purpose other than for the exclusive benefit of the members and their beneficiaries, except that contributions made by the employer may be ret…
La. Rev. Stat. § 11:149 Reemployment of retirees
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§149. Reemployment of retirees A. Notwithstanding any other provision of law to the contrary, any person who retires from employment with a department of state government as defined in Title 36 of the Louisiana Revised Statutes of 1950, shall, upon reemployment by the same depart…
La. Rev. Stat. § 11:1491 Establishment of plan
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§1491. Establishment of plan There is hereby created a separate, unfunded, non-qualified excess benefit plan containing the terms and provisions set forth in this Part and intended to be a qualified governmental excess benefit arrangement, as defined in Section 415(m)(3) of the I…
La. Rev. Stat. § 11:1492 Definitions
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§1492. Definitions A. All definitions prescribed in Part I of this Chapter are applicable to the plan created pursuant to this Part, unless a different definition is set forth in this Part or the context in which a term is used in this Part indicates a different meaning than that…
La. Rev. Stat. § 11:1493 Benefit provided
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§1493. Benefit provided A. An excess benefit participant who is receiving benefits from the fund is entitled to a monthly benefit under this excess benefit plan in an amount equal to the lesser of: (1) The member's unrestricted benefit less the maximum benefit. (2) The amount by …
La. Rev. Stat. § 11:1494 Contributions
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§1494. Contributions A.(1) Contributions may not be accumulated under this excess benefit plan to pay future retirement benefits. Instead, each payment of contributions by the employer that would otherwise be made to the fund shall be reduced by the amount, determined by the boar…
La. Rev. Stat. § 11:150 Reciprocal recognition; applicability
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§150. Reciprocal recognition; applicability As used in R.S. 11:142 and 144 with respect to reciprocal recognition of retirement credit, the phrase "any state, municipal, or parochial retirement system" includes any public retirement system, plan or fund created or authorized to b…
La. Rev. Stat. § 11:1501 Establishment of retirement system; powers and privileges
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§1501. Establishment of retirement system; powers and privileges There shall be a retirement system which shall be administered and managed by a board of trustees for the purpose of providing regular, disability, and survivor benefits pursuant to the provisions of this Chapter fo…
La. Rev. Stat. § 11:1502 Name of system
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§1502. Name of system The retirement system established by R.S. 11:1501 shall be known as the "Clerks' of Court Retirement and Relief Fund" and all of its business shall be transacted, all of its funds shall be invested, and all of its cash, securities, and other property shall b…
La. Rev. Stat. § 11:1503 Definitions
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§1503. Definitions As used in this Chapter, the following words and phrases shall have the meanings ascribed to them unless the context clearly indicates otherwise: (1) "Accumulated employee contributions" means the sum of all amounts deducted from a member's salary and paid to t…
La. Rev. Stat. § 11:1504 Protection against fraud
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§1504. Protection against fraud Any person who shall knowingly make any false statement or shall falsify or permit to be falsified any record or records of this system in an attempt to defraud the system shall be guilty of a misdemeanor and, on conviction thereof by any court of …
La. Rev. Stat. § 11:151 Worker's compensation benefits; employee and employer contributions to continue
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§151. Worker's compensation benefits; employee and employer contributions to continue A. Beginning September 1, 1989, whenever any member of the Louisiana State Employees' Retirement System is receiving worker's compensation benefits while an employee and is not receiving normal …
La. Rev. Stat. § 11:1511 Membership
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§1511. Membership The clerk of the supreme court, each of the courts of appeal, each of the district courts, and each of the city and traffic courts in the city of New Orleans, and the employees of such clerks, whether full time or part time, and the employees of the Louisiana Cl…
La. Rev. Stat. § 11:1512 Termination of membership
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§1512. Termination of membership Membership in the system ceases when a member resigns, is dismissed, retires, or is otherwise separated from service as a clerk or employee. Acts 1986, No. 1063, §1, eff. Oct. 1, 1986; Acts 1991, 3rd E.S., No. 7, §1, eff. Aug. 1, 1991; Redesignate…
La. Rev. Stat. § 11:1513 Reemployment of a retiree
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§1513. Reemployment of a retiree A. A retiree receiving retirement benefits from the system may be temporarily reemployed by a clerk, but the retiree shall not be or become a member of the system during such reemployment. If the retiree is reemployed in any capacity for more than…
La. Rev. Stat. § 11:1514 Service credit
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§1514. Service credit A member shall receive credit for all service rendered as a member of the system for which the required contributions have been paid and not withdrawn. Acts 1986, No. 1063, §1, eff. Oct. 1, 1986; Redesignated from R.S. 13:938 by Acts 1991, No. 74, §3, eff. J…
La. Rev. Stat. § 11:1515 Withdrawal of accumulated employee contributions
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§1515. Withdrawal of accumulated employee contributions If the membership of a member who is not eligible to retire is terminated, the former member may apply for and obtain a refund of his accumulated employee contributions. However, no refund shall be paid until and unless the …
La. Rev. Stat. § 11:1516 Repayment of withdrawn accumulated employee contributions
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§1516. Repayment of withdrawn accumulated employee contributions A. If a former member who had withdrawn his accumulated employee contributions again becomes a member of the fund, he may repay to the fund in a lump sum the amount he withdrew plus compounded interest at the rate o…
La. Rev. Stat. § 11:1517 Credit for noncredited prior service
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§1517. Credit for noncredited prior service Any person who was eligible for membership in the fund but was not enrolled for whatever reason may receive credit for the time such person was otherwise eligible for membership. The clerk for whom the person was employed must certify t…
La. Rev. Stat. § 11:1518 Reemployment of a member after military service
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§1518. Reemployment of a member after military service A. The qualified military service of a member who has been reemployed in accordance with 26 U.S.C. 414(u) shall be treated for vesting and benefit accrual purposes as service completed under R.S. 11:1514 if the member remits …
La. Rev. Stat. § 11:152 Military service credit
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§152. Military service credit A. The provisions of this Section are applicable to persons who become members of the public retirement systems listed in Subsection B of this Section after January, 1982. B. The provisions of this Section shall be applicable to all public state, par…
La. Rev. Stat. § 11:152.1 Compliance with certain federal laws
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§152.1. Compliance with certain federal laws Notwithstanding any other provision of law to the contrary, the board of trustees of each Louisiana public retirement system, as defined in R.S. 29:403, shall comply with the requirements of the Uniformed Services Employment and Reempl…
La. Rev. Stat. § 11:1521 Regular retirement benefits
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§1521. Regular retirement benefits A.(1) A member or former member hired on or before December 31, 2010, shall be eligible for regular retirement benefits if he has twelve or more years of credited service, he has attained the age of fifty-five years or more, and he has terminate…
La. Rev. Stat. § 11:1521.1 Additional monthly benefit; computation
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§1521.1. Additional monthly benefit; computation In addition to the regular retirement benefits provided by R.S. 11:1521, upon regular retirement, any member who received per-page transcription payments shall be paid an additional monthly regular retirement benefit computed as fo…
La. Rev. Stat. § 11:1521.2 Maximum compensation
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§1521.2. Maximum compensation A. For the purposes of calculating any benefit payable under this plan, any compensation in excess of the limits set forth in 26 U.S.C. 401(a)(17) shall be disregarded. B. Subsection A of this Section shall not apply to members who enrolled in the pl…
La. Rev. Stat. § 11:1522 Disability retirement benefits
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§1522. Disability retirement benefits A.(1) A member shall be eligible to receive disability retirement benefits from this fund if he is certified to have a total and permanent disability pursuant to R.S. 11:218 and one of the following applies: (a) The member's disability was ca…
La. Rev. Stat. § 11:1523 Survivor benefits
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§1523. Survivor benefits A. Upon the death of any actively contributing member who has credit for less than five years service, the amount of his accumulated employee contributions shall be paid to such person as he shall have nominated by written designation, duly executed and f…
La. Rev. Stat. § 11:1524 Optional benefit payments
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§1524. Optional benefit payments A. Upon applying for regular or disability retirement benefits and prior to receiving any such benefits, an applicant may elect to receive benefits payable throughout his life or until cessation of total and permanent disability, as the case may b…
La. Rev. Stat. § 11:1525 Guaranteed return of accumulated contributions
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§1525. Guaranteed return of accumulated contributions A. A member or former member who has not retired, though he may be entitled to any retirement benefits from the fund, may, by written instrument duly acknowledged and filed with the board of trustees, upon termination of his m…
La. Rev. Stat. § 11:1526 Exemption from taxes and execution
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§1526. Exemption from taxes and execution The right of any person to receive a regular, disability, survivor, or other benefit from the fund, including the right to receive a refund of accumulated employee contributions and any optional benefit and any other right accrued or accr…
La. Rev. Stat. § 11:1527 Conditions for payment of benefit
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§1527. Conditions for payment of benefit No regular, disability, survivor, or other benefit from the fund, including a refund of accumulated employee contributions and any optional benefit, shall be payable until and unless an application therefor is filed with the board providin…
La. Rev. Stat. § 11:1528 Deferred retirement
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§1528. Deferred retirement A. If the services as an employee or clerk of court of any member hired on or before December 31, 2010, who has twelve or more years of credited service are terminated prior to the time the member becomes fifty-five years of age, the former member may l…
La. Rev. Stat. § 11:1529 Commencement of benefits
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§1529. Commencement of benefits If an application for any benefits is received by the board within ninety days of the date the applicant became eligible for the benefit, benefits shall be paid retroactive to the date of becoming eligible therefor. If an application for any benefi…
La. Rev. Stat. § 11:153 Purchase of service credit for military service
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§153. Purchase of service credit for military service A. Any member of a state or statewide public retirement system shall be eligible to purchase credit for regular or nonregular military service, subject to the provisions of this Section. B. For purposes of this Section: (1) Re…
La. Rev. Stat. § 11:153.1 Repealed by Acts 2001, No
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§153.1. Repealed by Acts 2001, No. 419, §2, eff. July 1, 2001.
La. Rev. Stat. § 11:1530 Deferred Retirement Option Plan
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§1530. Deferred Retirement Option Plan A.(1) The system shall establish a Deferred Retirement Option Plan Account which shall be a part of the system fund. (2) The system shall maintain subaccounts within this account reflecting the credits attributed to each participant in the p…
La. Rev. Stat. § 11:1531 Maximum benefits
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§1531. Maximum benefits A. Notwithstanding any other provision of this pension plan to the contrary, no member shall receive a benefit in any year in excess of the sum of the maximum employer-financed benefit and the member-financed benefit. The maximum employer-financed benefit …