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La. Rev. Stat. § 11:3 Conflicts; provisions of Title to control
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§3. Conflicts; provisions of Title to control Except as is specifically otherwise provided, the provisions of this Title do not repeal comparable provisions contained within separate laws governing state and statewide public retirement systems. However, the provisions of this Tit…
La. Rev. Stat. § 11:3001 City of Alexandria Employees' Retirement System created; effective date; board of trustees
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§3001. City of Alexandria Employees' Retirement System created; effective date; board of trustees A. A retirement system is hereby established and placed under the management of a Board of Trustees for the purpose of providing retirement allowances and other benefits under the pr…
La. Rev. Stat. § 11:3002 Definitions
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§3002. Definitions The following words and phrases as used in this Part, unless a different meaning is plainly required by the context, shall have the following meanings: (1) "Accumulated Contributions" shall mean the sum of all the amounts deducted from the compensation of a mem…
La. Rev. Stat. § 11:3003 Membership
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§3003. Membership A. The membership of this Retirement System shall be composed as follows: (1) All persons who shall become employees in the City Service after August 1, 1948, except those specifically excluded or as to whom election is provided in this Part, shall become member…
La. Rev. Stat. § 11:3004 Creditable service
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§3004. Creditable service A. Under such rules and regulations as the Board of Trustees shall adopt each member who was an employee at any time during the year immediately preceding August 1, 1948 and who during such year had accepted and was included under the provisions of Act N…
La. Rev. Stat. § 11:3005 Retirement allowance
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§3005. Retirement allowance A. Any member, upon withdrawal from service, upon or after attainment of the age of sixty-two years, who shall have completed at least ten years of creditable service, or after the age of fifty-five years who shall have completed at least twenty-five y…
La. Rev. Stat. § 11:3005.1 Deferred Retirement Option Plan
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§3005.1. Deferred Retirement Option Plan A.(1) In lieu of terminating employment and accepting a service retirement allowance under R.S. 11:3005, any member of this system who has at least ten years of creditable service and who is eligible to receive a service retirement allowan…
La. Rev. Stat. § 11:3006 Disability retirement
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§3006. Disability retirement A. Upon the application of a member or his employer, any member who has had at least five years of creditable service may be retired by the board of trustees not less than thirty and not more than ninety days next following the date of filing such app…
La. Rev. Stat. § 11:3007 Options
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§3007. Options A. Upon application for retirement, any member may elect to receive his benefit in a retirement allowance payable throughout life, or he may elect at that time to receive the actuarial equivalent of his retirement allowance in a reduced retirement allowance payable…
La. Rev. Stat. § 11:3008 Refund of contributions
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§3008. Refund of contributions Upon withdrawal from service, any member who shall not be entitled to a retirement allowance under the provisions hereof shall be paid on demand a refund of the amount of his accumulated contributions to his credit in the Annuity Savings Account. Th…
La. Rev. Stat. § 11:3009 Benefit to members already retired
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§3009. Benefit to members already retired The board of trustees shall continue to pay to each member retired, the same amount and in the same installments as formerly; provided that the board of trustees shall be authorized to use interest earnings on investments of the system in…
La. Rev. Stat. § 11:3010 Survivors's benefits
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§3010. Survivors's benefits A. Upon receipt by the board of trustees of proper proof of the death of a member in active service who had at least three years of creditable service, an amount equal to twice his accumulated contributions, or two months' salary, whichever is the grea…
La. Rev. Stat. § 11:3011 Administration
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§3011. Administration A.(1) Board of Trustees. The general administration and responsibility for the proper operation of the retirement system and for making effective the provisions of the Part are hereby vested in a board of trustees, which shall be organized immediately after …
La. Rev. Stat. § 11:3012 Investments
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§3012. Investments A. The Board shall, from time to time determine the current requirements for benefit payments and administrative expenses which shall be maintained as cash working balance except that such cash working balance shall not exceed at any time an amount necessary to…
La. Rev. Stat. § 11:3013 Financing and accounting
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§3013. Financing and accounting A. All of the assets of the system shall be credited according to the purpose for which they are held to one of five reserves; namely, the Annuity Savings Account, the Employees' Annuity Reserve, the Employer's Annuity Reserve, the Expense Account,…
La. Rev. Stat. § 11:3014 Exemptions from execution
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§3014. Exemptions from execution The right of a person to an annuity, a retirement allowance, or benefit, or to the return of contributions, or to any optional benefit or any other right accrued or accruing to any person under the provisions of this Part, and the monies in the sy…
La. Rev. Stat. § 11:3015 Protection against fraud
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§3015. 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 Part shall be guilty of a misdemeanor, and …
La. Rev. Stat. § 11:3016 Guaranty
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§3016. Guaranty A. The maintenance of actuarial reserves for the various allowances and benefits under this Part, and the payment of all annuities, retirement allowances, refunds and other benefits granted under the provisions of this Part, are hereby made obligations of the Empl…
La. Rev. Stat. § 11:3017 Short title
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§3017. Short title This Part shall be known and cited as the City of Alexandria Employees' Retirement Law. Designated from Acts 1948, No. 459, §15 by Acts 1991, No. 74, §3, eff. June 25, 1991.
La. Rev. Stat. § 11:3031 Creation of Retirement System for employees of City of Bogalusa
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§3031. Creation of Retirement System for employees of City of Bogalusa There shall be and is hereby created the City of Bogalusa Retirement System for appointive officers and permanent employees of such City, for the payment of retirement annuities, disability annuities, and deat…
La. Rev. Stat. § 11:3032 Purpose of system
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§3032. Purpose of system The purpose of such system is to provide retirement annuities and other benefits for the appointive officers and employees of the City of Bogalusa who become aged or otherwise incapacitated, thereby enabling them to accumulate reserves for themselves and …
La. Rev. Stat. § 11:3033 Definitions
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§3033. Definitions A. Words and phrases wherever used in this Part, unless a different meaning is clearly indicated by the context, shall have the following meaning: (1) "Average salary" shall mean the average annual earnable rate of salary of a member for the thirty-six highest …
La. Rev. Stat. § 11:3034 Membership
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§3034. Membership A. The following described employees shall be compulsorily included as members of the system: (1) All appointive officers and employees in the service of the City on the day preceding the effective date, who are employed on a permanent basis, excepting, however,…
La. Rev. Stat. § 11:3035 Exclusions from membership
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§3035. Exclusions from membership Persons whose services are compensated on a contractual or fee basis, seasonal or part-time employees in positions which will not permit service of at least six months during a calendar year, elective officials, members of the Council, the medica…
La. Rev. Stat. § 11:3036 Service credit
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§3036. Service credit A.(1) Each member shall receive credit for service rendered as an employee of the City prior to the effective date for which he shall have received salary. (2) Each member shall receive credit for service rendered on or after the effective date for which he …
La. Rev. Stat. § 11:3037 Conditions for retirement
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§3037. Conditions for retirement A. Any member in active service may retire on a service retirement annuity, upon his written application, at his option, provided such member shall be at least sixty years of age and shall have rendered at least ten years of total service, or shal…
La. Rev. Stat. § 11:3038 Amount of service retirement annuity
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§3038. Amount of service retirement annuity A. Upon retirement, a member shall be entitled to receive a service retirement annuity equal to two and two-thirds percent of average salary for each year of total service. B. A proportional amount of the annual rate of annuity shall be…
La. Rev. Stat. § 11:3039 Pension benefits; surviving spouse
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§3039. Pension benefits; surviving spouse Upon death of a member while on pension the surviving spouse shall receive seventy-five percent of the amount of pension received by the deceased at the time of death. This payment of seventy-five percent shall continue until death of sur…
La. Rev. Stat. § 11:3039.1 Deferred Retirement Option Plan
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§3039.1. Deferred Retirement Option Plan A. In lieu of terminating employment and accepting a service retirement allowance under R.S. 11:3037, any member of this system who has not less than twenty years of creditable service, or has ten years of creditable service and who is six…
La. Rev. Stat. § 11:3040 Death benefits; surviving spouse
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§3040. Death benefits; surviving spouse A. Upon death of a member while in active employment of the City, on vacation or sick leave, a death benefit shall be payable which shall consist of: (1) the accumulated contributions of the member, without interest; and (2) an amount equal…
La. Rev. Stat. § 11:3041 Disability retirement annuity; qualification
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§3041. Disability retirement annuity; qualification A. Any member who is less than sixty years of age, who shall have rendered at least ten years of total service and who shall become totally and permanently disabled for service, either mentally or physically, regardless of how o…
La. Rev. Stat. § 11:3042 Administration of disability retirement annuity
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§3042. Administration of disability retirement annuity A. At least once each year during the first five years following the allowance of a disability retirement annuity to any member, and at least once in every three-year period thereafter, the board shall require any disability …
La. Rev. Stat. § 11:3043 Withdrawal benefits
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§3043. Withdrawal benefits A. Upon complete separation from service, any member who is not eligible for a service retirement annuity shall be entitled to receive a refund of his accumulated contributions, without interest. Any member withdrawing from service who does not receive …
La. Rev. Stat. § 11:3044 Contributions by members
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§3044. Contributions by members Each member of the system shall contribute six percent of compensation earned and accruing to such member. Special compensation, or additional fees, shall not be considered as earnings for contribution purposes. This contribution shall be made as a…
La. Rev. Stat. § 11:3045 Contributions by city
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§3045. Contributions by city A. The City shall make contributions to the system each year on an actuarially funded basis, towards the annuities and benefits herein provided. These contributions shall be equal to the sum of the following: (1) An amount resulting from the applicati…
La. Rev. Stat. § 11:3046 Tax levy
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§3046. Tax levy To meet the obligations of the City under this Part the Commission Council of the City of Bogalusa is hereby authorized to levy a special tax on all property subject to state taxation within the corporate limits of the City of Bogalusa in an amount not exceeding o…
La. Rev. Stat. § 11:3047 Administration
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§3047. Administration A.(1) The system shall be administered as a trust for the exclusive benefit of the employees by a retirement board consisting of three members to be selected and appointed in the following manner: One member shall be appointed by the Mayor of the City, one m…
La. Rev. Stat. § 11:3048 Records and accounts
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§3048. Records and accounts A. Proper and adequate records and accounts shall be established and maintained which will give full effect to the requirements of this Part. An annual audit of the books, accounts and records of the system shall be made by a certified public accountan…
La. Rev. Stat. § 11:3049 Management of funds
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§3049. Management of funds A. The board of trustees shall be the trustees of the fund created by this Chapter as provided in R.S. 11:3047 and of various accounts authorized by R.S. 11:3048(A) and shall have full power to invest and reinvest such funds in accordance with provision…
La. Rev. Stat. § 11:3050 Cost-of-living adjustments
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§3050. Cost-of-living adjustments The retirement board may provide from interest income from investments in excess of normal requirements as determined by actuarial study, provided the retirement system is approaching actuarial soundness, annual cost-of-living adjustments to reci…
La. Rev. Stat. § 11:3051 Assignment prohibited
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§3051. Assignment prohibited The right of a person to an annuity, a pension or any other benefit or refund, or any right accrued or accruing to any member or beneficiary under the provisions of this system, and the monies belonging to the system, shall be unassignable and shall n…
La. Rev. Stat. § 11:3052 Error
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§3052. Error Should any change or error in the records result in any member or beneficiary receiving from the system more or less than he would have been entitled to receive had the record been correct, or a mistake not made, the board shall correct such error and as far as pract…
La. Rev. Stat. § 11:3053 Legislative intent
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§3053. Legislative intent It is the legislative intent and purpose of this Part to provide certain retirement, disability, death and other benefits to appointive officers and employees of the City in the amounts and under the terms and conditions herein set forth. It is the furth…
La. Rev. Stat. § 11:3101 Firemen's pension and relief fund for the city of Alexandria; creation
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§3101. Firemen's pension and relief fund for the city of Alexandria; creation There is hereby created a Firemen's Pension and Relief Fund for the City of Alexandria, and a board of trustees, to administer and disburse the fund, in order to provide for the pensioning of members of…
La. Rev. Stat. § 11:3102 Composition of the fund
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§3102. Composition of the fund From July 31, 1940, the funds, proceeds, and revenues hereinafter provided for shall constitute the Firemen's Pension and Relief Fund of the City of Alexandria, to be used for the purposes set forth in R.S. 11:3101, and in accordance with the provis…
La. Rev. Stat. § 11:3103 Control and management
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§3103. Control and management A. Said fund shall be under the control and management of and shall be administered by, a Board of Trustees composed as hereinafter set forth. B.(1) The said Board of Trustees shall have control and management of said Firemen's Pension and Relief Fun…
La. Rev. Stat. § 11:3104 Board of Trustees; composition
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§3104. Board of Trustees; composition A. The said Board of Trustees above mentioned shall be composed of seven members as follows: (1) The Mayor, or Chief Executive of the City. (2) The Secretary-Treasurer of the City, who shall be the Treasurer thereof. (3) Five active members o…
La. Rev. Stat. § 11:3105 Members from fire departments; election; qualifications to vote
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§3105. Members from fire departments; election; qualifications to vote The five members to be selected from the Fire Department shall be elected on the last Monday in June by secret ballot of the active members of the said Fire Department. No fireman shall be eligible to vote in …
La. Rev. Stat. § 11:3106 Treasurer; duties; bond
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§3106. Treasurer; duties; bond The said Secretary-Treasurer of the City shall be the Treasurer of said Board of Trustees and custodian of all funds belonging to said Pension Relief Fund. He shall deposit the funds in such depositories as may be designated by said Board, and shall…
La. Rev. Stat. § 11:3107 Board of trustees; duties
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§3107. Board of trustees; duties The board of trustees shall have the power, and it shall be its duty to: (1) Make all rules and regulations necessary to the proper administration of said Fund under the provisions of the law. (2) Retain such legal, medical, clerical, or other ser…
