Title 11, Consolidated Public Retirement
0 chapters · 1,796 sections in this title.
La. Rev. Stat. § 11:1732 Definitions
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§1732. Definitions The following words and phrases, as used in this Chapter, unless a different meaning is plainly required by the context, shall have the following meanings: (1) "Accumulated contributions" means the sum of all amounts deducted from a member's compensation and cr…
La. Rev. Stat. § 11:1733 Agreement for coverage of employees of incorporated cities, towns, villages, and tax
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§1733. Agreement for coverage of employees of incorporated cities, towns, villages, and tax boards or commissions A. Each incorporated city, town, or village or tax board or commission of a municipality or parish is hereby authorized to submit for board approval an agreement for …
La. Rev. Stat. § 11:1734 Agreement amendments
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§1734. Agreement amendments If an employer wishes to transfer its employees from Plan B to Plan A, then an amendment to the agreement must be executed subject to the same procedures and payments for existing accrued liability as if a new agreement had been executed, except that i…
La. Rev. Stat. § 11:1735 Exemption from execution
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§1735. Exemption from execution A. The following items are hereby exempt from any state or municipal tax and from levy and sale, garnishment, attachment, or any other process whatsoever as provided in this Chapter, except as provided in R.S. 11:292: the right of a person to a pen…
La. Rev. Stat. § 11:1736 Protection against fraud
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§1736. 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. § 11:1737 Correction of errors
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§1737. Correction of errors Should any change or error in the records either through administrative error or fraud result in any member or beneficiary receiving from the system more or less than he would have been entitled to receive had the records been correct, the board shall …
La. Rev. Stat. § 11:1738 Application of amendments
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§1738. Application of amendments Amendments to this Chapter which have been or may be enacted shall be applicable only to persons who, on or after the effective date thereof, are in service as participating members, unless the amendatory act specifies otherwise. Acts 1978, No. 78…
La. Rev. Stat. § 11:174 Death reports
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§174. Death reports A. By the tenth day of each month, the secretary of the Louisiana Department of Health shall send to each retirement system and pension fund enumerated in Subsection B hereof, a report, certified as correct over his signature or the signature of his authorized…
La. Rev. Stat. § 11:175 Membership information; public access
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§175. Membership information; public access A. In addition to the public records that are made accessible pursuant to the provisions of R.S. 44:16, any person of the age of majority shall be eligible to inspect, copy or reproduce, or obtain a reproduction of the following informa…
La. Rev. Stat. § 11:1751 Membership
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§1751. Membership A. The membership of this system shall be composed of all employees not specifically excluded by the provisions of this Part, as follows: (1) Effective upon the revision date all employees shall become members of this system and shall be placed in the applicable…
La. Rev. Stat. § 11:1751.1 Elected officials subject to term limits
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§1751.1. Elected officials subject to term limits A. Notwithstanding any provision of law to the contrary, an elected official who would otherwise be required to be a member of the system but who is subject to term limits which prevent him from earning the minimum number of years…
La. Rev. Stat. § 11:1751.2 Membership in lieu of participation in another retirement system
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§1751.2. Membership in lieu of participation in another retirement system Any person who is a member of the Municipal Employees' Retirement System, who has creditable membership service of at least five years in this system, and who becomes employed in a position where he is no l…
La. Rev. Stat. § 11:1752 Persons not eligible for membership; persons becoming eligible for membership in other systems
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§1752. Persons not eligible for membership; persons becoming eligible for membership in other systems A. Persons who are members of any fund or who are eligible for membership in any fund financed wholly or partly by public funds for the retirement of employees by the state of Lo…
La. Rev. Stat. § 11:1753 Membership of employees after consolidation; Terrebonne Parish; Lafayette Parish
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§1753. Membership of employees after consolidation; Terrebonne Parish; Lafayette Parish A. Notwithstanding any other provision of the law to the contrary, if the governing authorities of a parish and a municipality are consolidated into one governing authority and if the employee…
La. Rev. Stat. § 11:1754 Termination of membership
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§1754. Termination of membership An employee shall cease to be a member upon the occurrence of any of the following circumstances: (1) He resigns, is dismissed, or is otherwise separated from service. (2) He withdraws from active service with a retirement allowance granted under …
La. Rev. Stat. § 11:1755 Creditable service; service certificate; adjusted service date; repayment of withdrawn
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§1755. Creditable service; service certificate; adjusted service date; repayment of withdrawn contributions A. Benefits and allowances as provided by this Chapter shall be based on total creditable service as prescribed below: (1) Membership service: Service rendered by an employ…
La. Rev. Stat. § 11:1756 Application for benefits; commencement of benefits; payment of benefits
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§1756. Application for benefits; commencement of benefits; payment of benefits A. A member or survivor eligible for a benefit of this Chapter shall make application for such benefit to the board. B. The benefit shall commence upon the first day of the first month following withdr…
La. Rev. Stat. § 11:1757 Mode of payment options
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§1757. Mode of payment options A. Upon application for retirement any member may elect to receive his benefit in a retirement allowance payable throughout his life, or he may elect at that time to receive the actuarial equivalent of his retirement allowance in a reduced retiremen…
La. Rev. Stat. § 11:1758 Disability retirement
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§1758. Disability retirement A. Eligibility for disability benefits, 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 benefits, and p…
La. Rev. Stat. § 11:1759 Return of accumulated contributions
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§1759. Return of accumulated contributions A. Subject to the restrictions contained herein, should a member not eligible to retire cease to be an employee under the provisions of this Chapter, he shall be paid the amount of his accumulated contributions upon demand. B. Should a m…
La. Rev. Stat. § 11:176 Operating budget approval
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§176. Operating budget approval A. Each state and statewide public retirement system shall submit its proposed annual operating budget to the Joint Legislative Committee on the Budget for its review. B. The operating budgets of state public retirement systems shall be subject to …
La. Rev. Stat. § 11:1760 Vesting
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§1760. Vesting A.(1) Except as provided in R.S. 11:1789.6 or 1808.6, a member who withdraws from active service on or after the revision date prior to becoming eligible for retirement, having at least ten years of creditable service, and having received no refund of his accumulat…
La. Rev. Stat. § 11:1761 Cost-of-living adjustment; nonrecurring lump-sum benefit
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§1761. Cost-of-living adjustment; nonrecurring lump-sum benefit A. The board of trustees may use interest earnings on Plan A and Plan B investments in excess of normal requirements as determined by actuarial study to provide a cost-of-living adjustment to recipients of benefits o…
La. Rev. Stat. § 11:1762 Part-time reemployment of retirees
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§1762. Part-time reemployment of retirees NOTE: Subsection A terminates June 30, 2028. See Acts 2024, No. 634. A.(1) Whenever a retiree receiving normal retirement benefits becomes reemployed by an employer but the retiree does not meet the definition of an employee and either hi…
La. Rev. Stat. § 11:1762.1 Full-time reemployment of retirees
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§1762.1. Full-time reemployment of retirees A.(1) If a retiree receiving a normal benefit becomes employed by an employer as an employee on or after July 1, 2017, the retired member's retirement benefit shall be suspended and the retired member shall be a member of the system. Up…
La. Rev. Stat. § 11:1763 Deferred Retirement Option Plan
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§1763. Deferred Retirement Option Plan A. In lieu of terminating employment and accepting a service retirement allowance pursuant to R.S. 11:1781 and 1782, or R.S. 11:1801 and 1802, or R.S. 11:1789.3 and 1789.4, or 1808.3 and 1808.4, any member of Plan A who is eligible for a nor…
La. Rev. Stat. § 11:1764 Maximum benefit
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§1764. Maximum benefit The actual retirement benefit paid to any retiree of this system at the time of retirement, whether for normal or disability retirement and whether the benefit is the full maximum allowable or reduced due to the selection of an optional mode of benefit paym…
La. Rev. Stat. § 11:1765 City councilman or alderman service for which credit has not been received
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§1765. City councilman or alderman service for which credit has not been received A. Any member of the Municipal Employees' Retirement System serving, or who has served, as a city councilman or alderman who has prior service in that office and has been precluded from purchasing c…
La. Rev. Stat. § 11:1766 Deferred survivor benefits
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§1766. Deferred survivor benefits Upon the death of any former member of this system who had credit for at least twenty years of service, who withdrew from active service prior to attaining the age required to be eligible for normal retirement benefits, and who had not withdrawn …
La. Rev. Stat. § 11:1767 Limitations on benefits
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§1767. Limitations on benefits A.(1) Notwithstanding any other provision of this system 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. (a) The maximum employer-financed …
La. Rev. Stat. § 11:1768 Direct rollover of eligible rollover distributions
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§1768. Direct rollover of eligible rollover distributions A distributee may elect, at the time and in the manner prescribed by the board, to have any portion of an eligible rollover distribution paid directly to an eligible retirement plan specified by the distributee in a direct…
La. Rev. Stat. § 11:1769 Internal Revenue Code; qualification requirements
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§1769. Internal Revenue Code; qualification requirements A.(1) The assets of this system shall be held for the exclusive benefit of the employees who are or become participating members of this system and their survivors and beneficiaries, and of retirees and their survivors and …
La. Rev. Stat. § 11:1781 Eligibility for normal retirement
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§1781. Eligibility for normal retirement Any member of Plan A shall be eligible to retire if he has at least: (1) Twenty-five years of creditable service, regardless of age. (2) Ten years of creditable service, and is at least age sixty. Acts 1978, No. 788, §1; Redesignated from …
La. Rev. Stat. § 11:1781.1 Early retirement eligibility; actuarially reduced benefits
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§1781.1. Early retirement eligibility; actuarially reduced benefits A. In addition to the provisions of R.S. 11:1781, any member of Plan A shall be eligible to retire with twenty years of service credit at any age, exclusive of military service and unused annual and sick leave. H…
La. Rev. Stat. § 11:1782 Computation of normal retirement allowances; return of accumulated contributions
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§1782. Computation of normal retirement allowances; return of accumulated contributions The monthly amount of the retirement allowance for any member of Plan A shall consist of an amount equal to three percent of the member's final compensation multiplied by his years of creditab…
La. Rev. Stat. § 11:1783 Eligibility for disability retirement
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§1783. Eligibility for disability retirement A member shall be eligible to retire and receive a disability benefit if he has at least five years of creditable service, is not eligible for normal retirement, and suffers disability. Acts 1978, No. 788, §1; Redesignated from R.S. 33…
La. Rev. Stat. § 11:1784 Computation of disability benefits
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§1784. Computation of disability benefits The board of trustees shall award disability benefits to eligible members who have been officially certified as having a disability by the State Medical Disability Board. The disability benefit shall be determined as follows: (1) Upon ret…
La. Rev. Stat. § 11:1785 Survivor benefits; eligibility
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§1785. Survivor benefits; eligibility A. Upon the death of any member with five or more years of creditable service, not eligible for normal retirement, the following benefits shall be paid: (1) If the member is survived by a spouse with minor children, the spouse shall be paid a…
La. Rev. Stat. § 11:1786 Employee contributions
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§1786. Employee contributions Each member of Plan A shall contribute an amount equal to a percentage of his monthly earnings from each and every payment of earnings, which contributions shall be credited to annuity savings fund A, and which percentage shall be set by the board fo…
La. Rev. Stat. § 11:1787 Repealed by Acts 2014, No
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§1787. Repealed by Acts 2014, No. 142, §2, eff. May 22, 2014.
La. Rev. Stat. § 11:1788 Optional membership
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§1788. Optional membership A. Notwithstanding any other provision of law to the contrary, any municipality which has its employees covered under Social Security and enrolled in Plan B of this system, shall have the option of becoming members of Plan A. The municipality shall noti…
La. Rev. Stat. § 11:1789 Creation; application
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§1789. Creation; application There is hereby created a subplan within Plan A of this system for persons who would otherwise be eligible for membership in the Municipal Employees' Retirement System of Louisiana Plan A but whose first employment making them eligible for membership …
La. Rev. Stat. § 11:1789.1 Application; definitions
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§1789.1. Application; definitions Terms not specifically defined in this Section shall have the meanings provided in R.S. 11:1732 unless a different meaning is clearly required by the context. For purposes of Plan A Tier 2: (1) "Final compensation" shall mean the average monthly …
La. Rev. Stat. § 11:1789.2 Eligibility for membership
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§1789.2. Eligibility for membership Each person who would be eligible for membership pursuant to R.S. 11:1751 but whose first employment making him eligible for membership in this system occurred on or after January 1, 2013, shall become a member of the MERS Plan A Tier 2 of the …
La. Rev. Stat. § 11:1789.3 Eligibility for retirement
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§1789.3. Eligibility for retirement A member of MERS Plan A Tier 2 shall be eligible for retirement if he has: (1) Seven years or more of service, at age sixty-seven or thereafter. (2) Ten years or more of service, at age sixty-two or thereafter. (3) Thirty years or more of servi…
La. Rev. Stat. § 11:1789.4 Computation of normal retirement allowances; return of accumulated contributions
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§1789.4. Computation of normal retirement allowances; return of accumulated contributions The monthly amount of the retirement allowance for any member of MERS Plan A Tier 2 shall consist of an amount equal to three percent of the member's final compensation multiplied by his yea…
La. Rev. Stat. § 11:1789.5 Employee contributions
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§1789.5. Employee contributions Each member of Plan A Tier 2 shall contribute a percentage of his earnings from each and every payment of earnings, which contributions shall be credited to Annuity Savings Fund A, and which percentage shall be set by the board for each fiscal year…
La. Rev. Stat. § 11:1789.6 Vesting
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§1789.6. Vesting A. A member of MERS Plan A Tier 2 who withdraws from active service prior to becoming eligible for retirement, who has at least seven years of creditable service, and who has received no refund of his accumulated contributions, shall receive a retirement allowanc…
La. Rev. Stat. § 11:1801 Eligibility for normal retirement
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§1801. Eligibility for normal retirement Any member of Plan B shall be eligible to retire if he has at least: (1) Thirty years of creditable service, regardless of age. (2) Ten years of creditable service, and is at least age sixty. Acts 1978, No. 788, §1; Redesignated from R.S. …
La. Rev. Stat. § 11:1802 Computation of normal retirement allowance
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§1802. Computation of normal retirement allowance The monthly amount of the retirement allowance for any member of Plan B shall consist of an amount equal to two percent of the member's final compensation multiplied by his years of creditable service, provided that: (1) Any membe…