Title 11, Consolidated Public Retirement

0 chapters · 1,796 sections in this title.

1,796 sectionsFiltered byTitle 11

La. Rev. Stat. § 11:2220.4 Renunciation; retirement benefit or allowance; survivor benefit or allowance
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§2220.4. Renunciation; retirement benefit or allowance; survivor benefit or allowance The Municipal Police Employees' Retirement System is hereby authorized to promulgate rules and regulations to permit the irrevocable renunciation of a retirement benefit or allowance or a surviv…
La. Rev. Stat. § 11:2221 Deferred Retirement Option Plan
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§2221. Deferred Retirement Option Plan A. In lieu of terminating employment and accepting a service retirement allowance under R.S. 11:2220, any member of this system who has at least twelve years of creditable service and has attained at least age fifty-five or at least twenty y…
La. Rev. Stat. § 11:2222 Survivor benefits; merger
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§2222. Survivor benefits; merger Any municipality which had a police pension and relief fund under the provisions of R.S. 11:3501 et seq. but which merged its retirees, beneficiaries, or survivors into the Municipal Police Employees' Retirement System on or before September 10, 1…
La. Rev. Stat. § 11:2223 Disability retirement
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§2223. Disability retirement A.(1) 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, an…
La. Rev. Stat. § 11:2224 Optional allowances
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§2224. Optional allowances A. With the provision that no optional selection shall be effective in case a retiree dies within thirty days after retirement, and that such a retiree shall be considered as an active member at the time of death; until the first payment on account of a…
La. Rev. Stat. § 11:2225 Administration
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§2225. Administration A.(1) The general administration and responsibility for the proper operation of the retirement system and for making effective the provisions of this Chapter are hereby vested in a board of trustees which shall be organized immediately after a majority of th…
La. Rev. Stat. § 11:2225.1 Amendment
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§2225.1. Amendment A. The provisions of the retirement system established by R.S. 11:2211 may be amended by action of the legislature in the same manner as any other statute may be amended by the legislature. In addition, action of the board with respect to the payment of cost-of…
La. Rev. Stat. § 11:2225.2 Reversion of funds prohibited
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§2225.2. 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 other than for the exclusive benefit of the members and their beneficiaries, except that contributions made by the employer may be returned to …
La. Rev. Stat. § 11:2225.3 Unclaimed funds, checks, and property; retention by system
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§2225.3. Unclaimed funds, checks, and property; retention by system Any unclaimed employee contributions, other funds, checks, or any other property held by the Municipal Police Employees' Retirement System that could be claimed by a member or prior member, the member's beneficia…
La. Rev. Stat. § 11:2225.4 Unfunded accrued liability; payment by employer
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§2225.4. Unfunded accrued liability; payment by employer A.(1) If an employer fully dissolves its police department, the employer shall remit to the system, beginning the July first immediately following the date of dissolution, that portion of the unfunded accrued liability exis…
La. Rev. Stat. § 11:2225.5 Funding deposit account
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§2225.5. Funding deposit account A.(1) There is hereby established a funding deposit account, hereafter in this Section referred to as the "account". The account shall be credited and charged solely as provided in this Section. (2) The balance in the account shall be set equal to…
La. Rev. Stat. § 11:2226 Management of funds
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§2226. Management of funds A. The board of trustees shall be the trustees of the several funds created by this Chapter as provided in R.S. 11:2227 and shall have full power to invest and reinvest such funds in accordance with the provisions of R.S. 11:263. The trustees shall have…
La. Rev. Stat. § 11:2227 Method of financing
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§2227. Method of financing A.(1) 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 Expense Fund, and th…
La. Rev. Stat. § 11:2228 Exemption from execution
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§2228. Exemption from execution A. The right of a person to a pension, an annuity, or a retirement allowance, to the return of contributions, the pension, annuity, or retirement allowance itself, any optional benefit or any other right accrued or accruing to any person under the …
La. Rev. Stat. § 11:2229 Deductions
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§2229. Deductions The board is authorized to deduct monthly life and health insurance premiums and credit union payments from the benefits payable to retirees or other beneficiaries and transmit them to the agency to whom the premiums and payments are due. The board may adopt pol…
La. Rev. Stat. § 11:223 Exemption from restrictions on other income for amputees; state police; municipal police
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§223. Exemption from restrictions on other income for amputees; state police; municipal police Any disability beneficiary of the Louisiana State Police Retirement System or of the Municipal Police Employees' Retirement System receiving disability benefits as a result of an injury…
La. Rev. Stat. § 11:2230 REPEALED BY ACTS 1992, NO
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§2230. REPEALED BY ACTS 1992, NO. 262, §2.
La. Rev. Stat. § 11:2231 Protection against fraud
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§2231. 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 retirement system in any attempt to defraud such system as a result of such act shall be guilty of a misdemeanor, and o…
La. Rev. Stat. § 11:2232 Limitations of membership
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§2232. Limitations of membership A. No other provisions of law in any other statute which provides wholly or partly at the expense of the State of Louisiana for pensions or retirement benefits for employees of the several parishes or any parish of the State of Louisiana, their wi…
La. Rev. Stat. § 11:2233 Guaranty
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§2233. Guaranty The maintenance of annuity reserve and pension reserves as provided for, and regular interest creditable to the various funds as provided in R.S. 11:2227, and the payment of all pensions, annuities, retirement allowance refunds and other benefits granted under the…
La. Rev. Stat. § 11:2234 Repealed by Acts 2012, No
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§2234. Repealed by Acts 2012, No. 511, §2, eff. June 20, 2013.
La. Rev. Stat. § 11:2235 Retirement; purchase of firearm
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§2235. Retirement; purchase of firearm A. Any municipal police officer who retires with at least twenty years of active service and who is in good standing with the Municipal Police Employees' Retirement System shall be entitled to purchase his firearm at fair market value upon r…
La. Rev. Stat. § 11:224 Restoration to active service
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§224. Restoration to active service If any disability retiree of a state or statewide retirement system who is under the age of sixty years is restored to active service, his retirement allowance shall cease, he shall again become a member of the retirement system, and he shall c…
La. Rev. Stat. § 11:2241.1 Creation of Hazardous Duty Subplan
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§2241.1. Creation of Hazardous Duty Subplan A. The Hazardous Duty Subplan is created within the Municipal Police Employees' Retirement System for members whose first employment making them eligible for membership in the system occurred on or after January 1, 2013, in hazardous du…
La. Rev. Stat. § 11:2241.2 Application; definitions
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§2241.2. Application; definitions Terms not specifically defined in this Section shall have the meanings provided in R.S. 11:2213 unless a different meaning is clearly required by the context. For purposes of this Part: (1) "Member" or "members" shall mean all persons otherwise q…
La. Rev. Stat. § 11:2241.3 Eligibility for plan membership
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§2241.3. Eligibility for plan membership A. Membership in this subplan is limited to employees who, notwithstanding any temporal restrictions and any training program certified and required by the Peace Officer Standards and Training Council relative to qualifying for such pay, w…
La. Rev. Stat. § 11:2241.4 Eligibility for retirement
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§2241.4. Eligibility for retirement A. Any member of this subplan shall be eligible for retirement if the member has: (1) Twenty-five years or more of service, at any age. (2) Twelve years or more of service, at age fifty-five or thereafter. (3) Twenty years of service credit at …
La. Rev. Stat. § 11:2241.5 Retirement benefit calculation
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§2241.5. Retirement benefit calculation A. Except as provided in Subsection B of this Section, a member shall receive a retirement benefit equal to three percent of average final compensation for every year of creditable service in this subplan, not to exceed one hundred percent …
La. Rev. Stat. § 11:2241.6 Deferred Retirement Option Plan; Initial Benefit Option
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§2241.6. Deferred Retirement Option Plan; Initial Benefit Option A member who is eligible for regular retirement may elect to participate in the Deferred Retirement Option Plan in accordance with the provisions of R.S. 11:2221 or the Initial Benefit Option provided by R.S. 11:222…
La. Rev. Stat. § 11:2241.7 Disability retirement
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§2241.7. Disability retirement A.(1) 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, …
La. Rev. Stat. § 11:2241.8 Survivor benefits
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§2241.8. Survivor benefits Benefits shall be payable to any survivor of an active contributing member who dies before retirement or a disability retiree who dies after retirement as specified in the following: (1)(a) If an active contributing member or a disability retiree either…
La. Rev. Stat. § 11:2242.1 Creation of Nonhazardous Duty Subplan
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§2242.1. Creation of Nonhazardous Duty Subplan A. The Nonhazardous Duty Subplan is created within the Municipal Police Employees' Retirement System for members whose first employment making them eligible for membership in the system occurred on or after January 1, 2013, in nonhaz…
La. Rev. Stat. § 11:2242.2 Application; definitions
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§2242.2. Application; definitions Terms not specifically defined in this Section shall have the meanings provided in R.S. 11:2213 unless a different meaning is clearly required by the context. For purposes of this Part: (1) "Member" or "members" shall mean all persons otherwise q…
La. Rev. Stat. § 11:2242.3 Eligibility for plan membership
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§2242.3. Eligibility for plan membership Membership in this subplan is limited to employees whose employment does not qualify them to receive state supplemental pay. Acts 2012, No. 522, §1.
La. Rev. Stat. § 11:2242.4 Eligibility for retirement
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§2242.4. Eligibility for retirement Any member of this subplan shall be eligible for retirement if the member has: (1) Thirty years or more of service, at any age. (2) Twenty-five years or more of service, at age fifty-five or thereafter. (3) Twenty years of service credit at any…
La. Rev. Stat. § 11:2242.5 Retirement benefit calculation
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§2242.5. Retirement benefit calculation A. Except as provided in Subsection B of this Section, a member shall receive a retirement benefit equal to two and one-half percent of average final compensation for every year of creditable service in this subplan, not to exceed one hundr…
La. Rev. Stat. § 11:2242.6 Deferred Retirement Option Plan; Initial Benefit Option
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§2242.6. Deferred Retirement Option Plan; Initial Benefit Option A member who is eligible for regular retirement may elect to participate in the Deferred Retirement Option Plan in accordance with the provisions of R.S. 11:2221 or the Initial Benefit Option provided by R.S. 11:222…
La. Rev. Stat. § 11:2242.7 Disability retirement
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§2242.7. Disability retirement A.(1) 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, …
La. Rev. Stat. § 11:2242.8 Survivor benefits
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§2242.8. Survivor benefits Benefits shall be payable to any survivor of an active contributing member who dies before retirement or a disability retiree who dies after retirement as specified in the following: (1)(a) If an active contributing member or a disability retiree either…
La. Rev. Stat. § 11:225 Restoration to active service; trial period
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§225. Restoration to active service; trial period Notwithstanding the provisions of R.S. 11:224 or any other provision of law to the contrary, any disability retiree of the Louisiana State Employees' Retirement System may return to active service for a trial period of not more th…
La. Rev. Stat. § 11:2251 Name and date of establishment
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§2251. Name and date of establishment A. A retirement system is hereby established and placed under the management of the board of trustees for the purpose of providing retirement allowances and other benefits under the provisions of this Chapter for firemen employed by any munic…
La. Rev. Stat. § 11:2252 Definitions
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§2252. Definitions The following words and phrases, as used in this Chapter, unless a different meaning is plainly required by context, shall have the following meaning: (1) "Accrued liability" shall mean the entry age normal accrued liability. (2) "Accumulated contributions" sha…
La. Rev. Stat. § 11:2253 Membership
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§2253. Membership A. The membership of the retirement system shall be composed as follows: (1)(a)(i) Except as provided in R.S. 11:2252(12), and except as provided further in this Paragraph, any person who becomes an employee as defined in R.S. 11:2252 on and after January 1, 198…
La. Rev. Stat. § 11:2254 Creditable service
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§2254. Creditable service A. Creditable service at retirement on which the retirement allowance of a member shall be based shall consist of the membership service rendered by him since he last became a member. Additionally, any active contributing member shall be entitled to rece…
La. Rev. Stat. § 11:2254.1 Conversion of unused leave to creditable service
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§2254.1. Conversion of unused leave to creditable service A.(1) An employer may elect to allow its employees to convert unused earned leave to service credit in accordance with this Section. (2) For purposes of this Section "unused earned leave" means sick leave, annual leave, an…
La. Rev. Stat. § 11:2255 Transfers of firefighter service
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§2255. Transfers of firefighter service A. Any active contributing member of this system may transfer all of his accredited service which was earned as a full-time firefighter from any other public retirement system in this state if, at the time of the employment for which he des…
La. Rev. Stat. § 11:2256 Benefits; refund of contributions, application, and payment
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§2256. Benefits; refund of contributions, application, and payment A.(1) Any member of this system who has completed at least twenty-five years of creditable service, who has been a member of this system for at least one year, regardless of age, or any member who has completed at…
La. Rev. Stat. § 11:2256.1 Removal of former spouse as beneficiary; restoration of benefits
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§2256.1. Removal of former spouse as beneficiary; restoration of benefits A. Notwithstanding any other provision of law to the contrary, any retiree may remove a former spouse as a beneficiary of any benefits paid or payable to the former spouse from this system, provided the for…
La. Rev. Stat. § 11:2256.2 Designation of benefits payable to trust or estate administrator
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§2256.2. Designation of benefits payable to trust or estate administrator A. A member may designate all or a portion of any benefit paid in accordance with this Chapter to be paid in trust to any beneficiary, if the terms of the trust so provide and if the system is provided with…
La. Rev. Stat. § 11:2256.3 Nonrecurring lump-sum supplemental payment in 2023
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§2256.3. Nonrecurring lump-sum supplemental payment in 2023 A. A nonrecurring lump-sum supplemental payment shall be paid to the following retirees and beneficiaries: (1) Any retiree who has received a benefit for at least one year on June 30, 2023. (2) Any nonretiree beneficiary…