Title 11, Consolidated Public Retirement
0 chapters · 1,796 sections in this title.
La. Rev. Stat. § 11:2076 Optional allowances
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§2076. Optional allowances With the provision that no optional selection shall be effective in case a beneficiary dies within thirty days after retirement, and that such a beneficiary shall be considered as an active member at the time of death, until the first payment on account…
La. Rev. Stat. § 11:2077 Survivors' benefits
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§2077. Survivors' benefits A. For a surviving spouse with or without surviving minor children or children with disabilities: (1) If the member has less than five years of service credit, pay a refund of contributions. (2) If the member has at least five years of creditable servic…
La. Rev. Stat. § 11:2078 Reemployment of retirees
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§2078. Reemployment of retirees A. In the event any retiree of the system is employed by an employer covered by this system, the retiree and the employer shall immediately notify the system of the retiree's date of employment, the amount of salary paid, any changes in salary whil…
La. Rev. Stat. § 11:208 Municipal Police Employees' Retirement System
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§208. Municipal Police Employees' Retirement System A member who acquires a disability, and who files for disability benefits while in service, and who upon medical examination and certification as provided for elsewhere in this Subpart is found to have a total disability solely …
La. Rev. Stat. § 11:209 Parochial Employees' Retirement System
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§209. Parochial Employees' Retirement System A. A member covered by Plan A of this system, who acquires a disability, and who files for disability benefits while in service, and who upon medical examination and certification, as provided for elsewhere in this Subpart, is found to…
La. Rev. Stat. § 11:2091 Board of trustees; membership; vacancies; compensation
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§2091. Board of trustees; membership; vacancies; compensation A. The general administration and responsibility for the proper operation of the retirement system and for making effective the provisions of the Chapter are hereby vested in a board of trustees which shall be organize…
La. Rev. Stat. § 11:2092 Trustee's oath of office; voting powers
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§2092. Trustee's oath of office; voting powers A. Each trustee shall, within ten 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 said board, and that he will not know…
La. Rev. Stat. § 11:2093 Rules and regulations
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§2093. Rules and regulations A. Subject to the limitations of this Chapter, 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. B. The retirement syste…
La. Rev. Stat. § 11:2094 Officers and employees of board
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§2094. Officers and employees of board The board of trustees shall elect from its membership a chairman and shall by a majority vote of all its members appoint a director, who may be, but need not be, one of its members. The board of trustees shall engage such actuarial and other…
La. Rev. Stat. § 11:2095 Records and other information; board's duty to keep
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§2095. 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 …
La. Rev. Stat. § 11:2096 Actuary; appointment; duties and powers
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§2096. Actuary; appointment; duties and powers A. The board of trustees shall designate an actuary who shall be a technical advisor of the board of trustees on matters regarding the operation of the system created by the provisions of this Chapter and shall perform such other dut…
La. Rev. Stat. § 11:21 Purpose of Subpart
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§21. Purpose of Subpart The purpose of this Subpart is to comply with the requirements of Article X, Section 29(E)(1) of the Constitution of Louisiana that the legislature establish for each state or statewide public retirement system, a particular method of actuarial valuation t…
La. Rev. Stat. § 11:210 Municipal Employees' Retirement System
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§210. Municipal Employees' Retirement System A. A member covered by Plan A of this system, who acquires a disability, and who files for disability benefits while in service, and who upon medical examination and certification, as provided for elsewhere in this Subpart, is found to…
La. Rev. Stat. § 11:211 Repealed by Acts 2016, No
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§211. Repealed by Acts 2016, No. 322, §2, eff. June 30, 2016.
La. Rev. Stat. § 11:2111 Investment of funds by board of trustees
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§2111. Investment of funds by board of trustees A. The board of trustees shall be the trustees of the several funds created by this Chapter as provided in Part VII of this Chapter and shall have full power to invest and reinvest such funds in accordance with the provisions of R.S…
La. Rev. Stat. § 11:2112 State treasurer as custodian of funds
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§2112. State treasurer as custodian of funds The state treasurer shall be the custodian of the several funds. All expense vouchers and pension payrolls shall be certified by the secretary-manager. The secretary-manager shall furnish the board of trustees a surety bond in a compan…
La. Rev. Stat. § 11:2113 Cash deposits for payment of benefits
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§2113. Cash deposits for payment of benefits For the purpose of meeting disbursements for pensions, annuities, and other payments there may be kept available cash, not exceeding ten per centum of the total amount in the several funds of the retirement system, on deposit in one or…
La. Rev. Stat. § 11:2114 Selection of fiscal agents
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§2114. Selection of fiscal agents The board of trustees shall approve the fiscal agency bank or banks selected by the State Treasurer for the deposit of the funds and securities of this retirement system provided that no bank shall be selected unless the bank is a fiscal agent of…
La. Rev. Stat. § 11:2115 Private interests of trustees and employees in financial operation of system prohibited
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§2115. Private interests of trustees and employees in financial operation of system prohibited Except as otherwise herein provided, no trustee and no employee of the board of trustees shall have any direct interest in the gains or profits of any investment made by the board of tr…
La. Rev. Stat. § 11:212 Louisiana State Employees' Retirement System
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§212. Louisiana State Employees' Retirement System A. A member who becomes disabled, and who is not eligible for regular retirement, and who files for disability benefits while in service, and who upon medical examination and certification, as provided for elsewhere in this Subpa…
La. Rev. Stat. § 11:213 Assessors' Retirement Fund
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§213. Assessors' Retirement Fund A. A member who acquires a disability, and who files for disability benefits while in service, and who upon medical examination and certification as provided for elsewhere in this Subpart, is found to have a total disability solely as the result o…
La. Rev. Stat. § 11:2131 Funds to which assets credited
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§2131. 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 five funds, namely, the annuity savings fund, the annuity reserve fund, the pension accumulation fund, the member suppleme…
La. Rev. Stat. § 11:2132 Annuity savings fund; contributions to fund; amount of employee contributions
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§2132. Annuity savings fund; contributions to fund; amount of employee contributions The annuity savings fund shall be a fund in which shall be accumulated contributions from the compensation of members to provide for their annuities. Contributions to and payments from the annuit…
La. Rev. Stat. § 11:2133 Additional member contributions or deposits to annuity savings fund
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§2133. Additional member contributions or deposits to annuity savings fund In addition to the contribution deducted from compensation as hereinbefore provided, subject to the approval of the board of trustees any member may redeposit in the annuity savings fund a single payment o…
La. Rev. Stat. § 11:2134 Annuity reserve fund
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§2134. Annuity reserve fund The annuity reserve fund shall be the fund in which shall be held the reserves on all annuities in force and from which shall be paid all annuities and all benefits in lieu of annuities, payable as provided in this Chapter. Should a beneficiary retired…
La. Rev. Stat. § 11:2135 Pension accumulation fund; contributions to and payments from fund; determination of normal and accrued liability contributions; remedies
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§2135. Pension accumulation fund; contributions to and payments from fund; determination of normal and accrued liability contributions; remedies A.(1) For purposes of this Section, the phrase "tax collector" shall include any sheriff, ex-officio tax collector, collector of revenu…
La. Rev. Stat. § 11:2136 Annual amounts payable to pension accumulation fund
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§2136. Annual amounts payable to pension accumulation fund The total amount payable in each year to the pension accumulation fund shall be not less than the sum of the rate per centum known as the normal contribution rate and the accrued liability contribution rate of the total c…
La. Rev. Stat. § 11:2137 Discontinuance of accrued liability contributions
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§2137. Discontinuance of accrued liability contributions The accrued liability contributions shall be discontinued as soon as the accumulated reserve in the pension accumulation fund shall equal the present value, as actuarially computed and approved by the board of trustees, of …
La. Rev. Stat. § 11:2138 Pensions and benefits payable from accumulation fund; transfers from fund
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§2138. Pensions and benefits payable from accumulation fund; transfers from fund A. All pensions, and benefits in lieu thereof, with the exception of those payable on account of members who receive no prior service allowance, payable from contributions of employees, shall be paid…
La. Rev. Stat. § 11:2139 Members' Supplemental Savings Fund
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§2139. Members' Supplemental Savings Fund A. The Members' Supplemental Savings Fund shall be the fund in which shall be accumulated contributions from the dedicated taxes and revenue sharing to the system in excess of those required contributions to the Pension Accumulation Fund …
La. Rev. Stat. § 11:214 Employees of the enforcement division in the Department of Wildlife and Fisheries
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§214. Employees of the enforcement division in the Department of Wildlife and Fisheries A.(1) A member of the Louisiana State Employees' Retirement System whose first employment making him eligible for membership in one of the state systems occurred on or before December 31, 2010…
La. Rev. Stat. § 11:2140 Expense fund; contributions to fund
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§2140. Expense fund; contributions to fund The expense fund shall be the fund from which the expenses of the retirement system shall be paid, exclusive of the amount payable as retirement allowances and other benefits provided therein. Contributions shall be made to the expense f…
La. Rev. Stat. § 11:2141 Collection of member contributions
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§2141. Collection of member contributions The collection of members' contributions shall be as follows: (1) Each employer shall cause to be deducted on each and every payroll of a member for each and every payroll period subsequent to the date of establishment of the retirement s…
La. Rev. Stat. § 11:2142 Collection of employer contributions
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§2142. Collection of employer contributions The collection of employers' contributions, if and when assessed or required, shall be as follows: (1) Upon the basis of each actuarial valuation provided herein, the board of trustees shall annually prepare a statement of the total amo…
La. Rev. Stat. § 11:2143 Guarantee of payments
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§2143. Guarantee of payments The maintenance of annuity reserves and pension reserves as provided for, and regular interest creditable to the various funds as provided in this Part, and the payment of all pensions, annuities, retirement allowance refunds and other benefits grante…
La. Rev. Stat. § 11:2144 Deferred Retirement Option Plan
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§2144. Deferred Retirement Option Plan A. In lieu of terminating employment and accepting a service retirement allowance pursuant to this Section, any member who is eligible to receive retirement benefits as provided for in R.S. 11:2071 or 2165.4 may elect to participate in the D…
La. Rev. Stat. § 11:215 Firefighters' Retirement System
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§215. Firefighters' Retirement System A. A member who acquires a disability, and who files for disability benefits while in service, and who upon medical examination and certification as provided for elsewhere in this Subpart, is found to have a total disability solely as the res…
La. Rev. Stat. § 11:2151 Repealed by Acts 2012, No
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§2151. Repealed by Acts 2012, No. 229, §2, eff. June 30, 2012.
La. Rev. Stat. § 11:2152 Repealed by Acts 2012, No
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§2152. Repealed by Acts 2012, No. 229, §2, eff. June 30, 2012.
La. Rev. Stat. § 11:2153 Repealed by Acts 2012, No
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§2153. Repealed by Acts 2012, No. 229, §2, eff. June 30, 2012.
La. Rev. Stat. § 11:216 Preexisting conditions
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§216. Preexisting conditions Any disability claimed by a member of a state or statewide retirement system must have been incurred after commencement of service in the system with which the claim is filed. Disability claims shall not be honored in the case of preexisting condition…
La. Rev. Stat. § 11:2161 Establishment of excess benefit plan
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§2161. Establishment of excess benefit 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(…
La. Rev. Stat. § 11:2162 Definitions
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§2162. Definitions All definitions provided in this Chapter are applicable to this excess benefit plan unless a different definition is provided in this Part or the context in which a term is used in this Part indicates a different meaning: (1) "Excess benefit participant" shall …
La. Rev. Stat. § 11:2163 Benefit provided
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§2163. Benefit provided A. An excess benefit participant who is receiving benefits from the pension plan 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; or (2) The…
La. Rev. Stat. § 11:2164 Contributions
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§2164. Contributions A. 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 pension plan shall be reduced by the amount determined by the …
La. Rev. Stat. § 11:2165.1 Creation; application
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§2165.1. Creation; application There is hereby created a second tier of benefits within this system for persons whose first employment making them eligible for membership in this system occurred on or after January 1, 2013. The provisions of this Part shall be known as "Tier 2" o…
La. Rev. Stat. § 11:2165.2 Definitions
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§2165.2. Definitions A. As used in this Part, the following terms have the meanings ascribed below unless a different meaning is clearly required by the context: (1) "Average compensation" shall mean the average annual earned compensation of an employee for any period of sixty su…
La. Rev. Stat. § 11:2165.3 Eligibility for membership
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§2165.3. Eligibility for membership Each person who would be eligible for Tier 1 membership 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 Tier 2 of the system as a condition of emplo…
La. Rev. Stat. § 11:2165.4 Eligibility for retirement
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§2165.4. Eligibility for retirement A. A member upon withdrawal from service shall be entitled to receive a retirement allowance which shall begin as of the date specified by the member in his application for the allowance but in no event before withdrawal from service if he has:…
La. Rev. Stat. § 11:2165.5 Annual amount of retirement allowance
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§2165.5. Annual amount of retirement allowance A.(1) The annual amount of the retirement allowance for any member who upon retirement has less than thirty years of creditable service in this system shall be three percent of the average final compensation for each year of creditab…