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La. Rev. Stat. § 11:1864 Payment of contributions; delinquency penalty; agreement to deductions
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§1864. Payment of contributions; delinquency penalty; agreement to deductions A. Each participating employer shall pay into the appropriate fund, with respect to earnings, at such time or times as the board may by regulation prescribe, contributions in the amounts and at the rate…
La. Rev. Stat. § 11:1865 Employee contributions; city of Monroe
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§1865. Employee contributions; city of Monroe Notwithstanding the provisions of R.S. 11:1786, 1806, and 1864, or any other law to the contrary, the city of Monroe, at its discretion, is authorized to pay to the system, from its own funds, the employee contributions referenced in …
La. Rev. Stat. § 11:1866 Employee contributions; city of Port Allen
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§1866. Employee contributions; city of Port Allen Notwithstanding the provisions of R.S. 11:1786, 1806, and 1864, or any other law to the contrary, the city of Port Allen, at its discretion, is authorized to pay to the system, from its own funds, the employee contributions refere…
La. Rev. Stat. § 11:1867 Employee contributions; city of Kenner
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§1867. Employee contributions; city of Kenner Notwithstanding the provisions of R.S. 11:1786, 1806, and 1864, or any other law to the contrary, the city of Kenner, at its discretion, is authorized to pay to the system, from its own funds, the employee contributions referenced in …
La. Rev. Stat. § 11:1868 Employee contributions; city of Slidell
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§1868. Employee contributions; city of Slidell Notwithstanding the provisions of R.S. 11:1786, 1806, and 1864, or any other law to the contrary, the city of Slidell, at its discretion, is authorized to pay to the system, from its own funds, the employee contributions referenced i…
La. Rev. Stat. § 11:1869 Employee contributions; city of Mandeville
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§1869. Employee contributions; city of Mandeville Notwithstanding any provision of law to the contrary, the city of Mandeville, at its discretion, may pay to the system, from its own funds, all or a portion of the employee contributions referenced in this Chapter and take appropr…
La. Rev. Stat. § 11:1881 Establishment of plan
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§1881. Establishment of plan There is hereby created a separate, unfunded, nonqualified 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 Un…
La. Rev. Stat. § 11:1882 Definitions
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§1882. Definitions A. "Excess benefit participant" means any member whose retirement benefit as determined on the basis of all qualified plans of the employer without regard to the limitations of R.S. 11:1767 and comparable provisions of other qualified plans of the employer woul…
La. Rev. Stat. § 11:1883 Benefit provided
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§1883. Benefit provided A. An excess benefit participant who is receiving benefits from this system is entitled to a monthly benefit under this excess benefit plan in an amount equal to the lesser of either: (1) The member's unrestricted benefit, less the maximum benefit. (2) The…
La. Rev. Stat. § 11:1884 Contributions
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§1884. 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 system shall be reduced by the amount determined by the boa…
La. Rev. Stat. § 11:1901 Name; date of establishment; effect of revision
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§1901. Name; date of establishment; effect of revision A. The retirement system established as of January 1, 1953, according to Act 205 of 1952, and as subsequently amended, and placed under the management of the board for the purpose of providing retirement allowances and other …
La. Rev. Stat. § 11:1902 Definitions
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§1902. Definitions As used in this Chapter, the following words and phrases shall have the following meanings, unless a different meaning is plainly required by context: (1) "Accumulated contributions" means the sum of all amounts deducted from a member's compensation and credite…
La. Rev. Stat. § 11:1903 Admission of certain entities as employers
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§1903. Admission of certain entities as employers A. The following entities may submit, for approval by the board of trustees, a plan for extending the benefits of this Chapter to employees of the entity: (1) Any taxing district in or any branch or section of a parish that qualif…
La. Rev. Stat. § 11:1903.1 Louisiana School Boards Association
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§1903.1. Louisiana School Boards Association A. If an employee of the Louisiana School Boards Association separates from service and at the time of such separation is enrolled in this system because of the employee's employment with the Louisiana School Boards Association, the Lo…
La. Rev. Stat. § 11:1904 Agreement amendments
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§1904. Agreement amendments If an employer wishes to transfer its employees from Plan B or Plan C 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. Act…
La. Rev. Stat. § 11:1905 Exemption from execution
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§1905. Exemption from execution 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 pensio…
La. Rev. Stat. § 11:1906 Protection against fraud
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§1906. 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. § 11:1907 Correction of errors
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§1907. 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. § 11:1908 Application of amendments
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§1908. 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 1979, No. 76…
La. Rev. Stat. § 11:191 Dual employment
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§191. Dual employment A. Any person who is employed in more than one public employment within this state, except as provided in Subsection C of this Section and who, by reason of such employment is eligible, as a condition of such employment, to be a member of the public retireme…
La. Rev. Stat. § 11:192 Overpayment of benefits; corrections; repayment
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§192. Overpayment of benefits; corrections; repayment Whenever any state, parochial, or municipal retirement system or pension fund pays any sum of money or benefits to a retiree, beneficiary, or survivor which is not due them, the board of trustees shall adjust the amount payabl…
La. Rev. Stat. § 11:1921 Membership
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§1921. 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. § 11:1922 Persons not eligible for membership; persons becoming eligible for membership in other systems
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§1922. 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. § 11:1923 Membership of employees after consolidation; Terrebonne Parish; Lafayette Parish
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§1923. 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. § 11:1924 Termination of membership
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§1924. 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. § 11:1925 Creditable service; service certificate; adjusted service date; repayment of withdrawn contributions; purchase of prior service credit
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§1925. Creditable service; service certificate; adjusted service date; repayment of withdrawn contributions; purchase of prior service credit A. Benefits and allowances as provided by this Chapter shall be based on total creditable service as prescribed below: (1) Membership serv…
La. Rev. Stat. § 11:1927 Conversion of annual and sick leave to normal retirement credit
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§1927. Conversion of annual and sick leave to normal retirement credit A. All accumulated annual leave for which payment cannot be made in accordance with law and all unused sick leave accumulated at the time of normal retirement shall be credited to the member on the basis of th…
La. Rev. Stat. § 11:1928 Temporary employment of retirees; permanently employed retirees; membership; calculation of additional benefit; retirees in elected positions
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§1928. Temporary employment of retirees; permanently employed retirees; membership; calculation of additional benefit; retirees in elected positions A. Any person who has retired under the provisions of this Chapter may be temporarily employed by an employer participating in this…
La. Rev. Stat. § 11:1928.1 Employment of retired court reporters
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§1928.1. Employment of retired court reporters A.(1) After the three-year period immediately following the effective date of his retirement, any retiree age sixty-five or older of this system who has been retired from service as a court reporter and who returns full-time to activ…
La. Rev. Stat. § 11:1929 Application for benefits; commencement of benefits; payment of benefits
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§1929. 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. § 11:1931 Compliance with Internal Revenue Code provisions
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§1931. Compliance with Internal Revenue Code provisions The retirement system shall take all actions necessary to comply with the provisions of the Internal Revenue Code (IRC) applicable to qualified governmental retirement plans. The board shall promulgate rules in accordance wi…
La. Rev. Stat. § 11:1932 Mode of payment options
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§1932. 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. § 11:1933 Change of beneficiary upon judgment of divorce, judicial partition, or authentic act
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§1933. Change of beneficiary upon judgment of divorce, judicial partition, or authentic act Notwithstanding any other provision of the law to the contrary, in the event any retiree of the system becomes divorced, and in the Judgment of Divorce, Judicial Partition of Community Pro…
La. Rev. Stat. § 11:1934 Disability retirement
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§1934. 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. § 11:1935 Return of accumulated contributions
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§1935. 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. § 11:1936 Vesting
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§1936. Vesting A. A member who withdraws from active service on or after the revision date prior to becoming eligible for retirement, having at least seven years of creditable service, and having received no refund of his accumulated contributions, shall be entitled to receive a …
La. Rev. Stat. § 11:1937 Cost-of-living adjustment
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§1937. Cost-of-living adjustment The board may use investment earnings on Plan A, Plan B, and Plan C investments in excess of normal requirements as determined by actuarial valuation to provide an annual cost-of-living adjustment to recipients of benefits of the respective plan, …
La. Rev. Stat. § 11:1938 Deferred Retirement Option Plan
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§1938. Deferred Retirement Option Plan A. In lieu of terminating employment and accepting a service retirement allowance pursuant to R.S. 11:1941 and 1942, 1961 and 1962, or 1971 and 1972, any member who is eligible for a normal retirement allowance pursuant to R.S. 11:1941, 1961…
La. Rev. Stat. § 11:1939 Persons not properly enrolled or properly contributing as members
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§1939. Persons not properly enrolled or properly contributing as members A. Any person whose membership in the system was a mandatory condition of employment but was not enrolled as a member due to administrative error, may upon application receive credit for the time such person…
La. Rev. Stat. § 11:1939.1 Qualified plan; direct rollover; eligible retirement plan; election
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§1939.1. 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 …
La. Rev. Stat. § 11:1941 Eligibility for normal retirement
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§1941. Eligibility for normal retirement A. Any member of Plan A hired on or before December 31, 2006, shall be eligible to retire if he has at least: (1) Thirty years of creditable service, regardless of age. (2) Twenty-five years of creditable service, and is at least age fifty…
La. Rev. Stat. § 11:1942 Computation of normal retirement allowances; return of accumulated contributions
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§1942. 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. § 11:1942.1 Additional monthly benefit; court reporters; computation; contributions
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§1942.1. Additional monthly benefit; court reporters; computation; contributions A. In addition to the regular retirement benefits provided by R.S. 11:1942, upon regular retirement, any member who worked as a court reporter, who was employed by Caddo Parish on June 30, 2007, and …
La. Rev. Stat. § 11:1943 Eligibility for disability retirement
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§1943. Eligibility for disability retirement A. A member hired on or before December 31, 2006, 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. B. A mem…
La. Rev. Stat. § 11:1944 Computation of disability benefits
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§1944. Computation of disability benefits A. 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. In no event shall any such benefit exceed one hundred percent of…
La. Rev. Stat. § 11:1945 Survivor benefits; eligibility
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§1945. 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) Surviving unmarried spouse with minor children. An amount equal to sixty percent of f…
La. Rev. Stat. § 11:1946 Employee contributions
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§1946. Employee contributions Each member of Plan A shall contribute an amount equal to a percentage of his earnings from each and every payment of earnings, which contributions shall be credited to annuity savings fund A. The percentage shall be set by the board for each calenda…
La. Rev. Stat. § 11:1961 Eligibility for normal retirement
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§1961. Eligibility for normal retirement A. Any member of Plan B hired on or before December 31, 2006, shall be eligible to retire if he has at least: (1) Thirty years of creditable service, and is at least age fifty-five. (2) Ten years of creditable service, and is at least age …
La. Rev. Stat. § 11:1962 Computation of normal retirement allowance
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§1962. 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 no retired empl…
La. Rev. Stat. § 11:1963 Eligibility for disability retirement
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§1963. Eligibility for disability retirement A. A member hired on or before December 31, 2006, 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. B. A mem…
