Title 11, Consolidated Public Retirement
0 chapters · 1,796 sections in this title.
La. Rev. Stat. § 11:2256.4 Nonrecurring lump-sum supplemental payment in 2025
0.7K chars
§2256.4. Nonrecurring lump-sum supplemental payment in 2025 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 as of June 30, 2025. (2) Any nonretiree benefici…
La. Rev. Stat. § 11:2257 Deferred Retirement Option Plan
10.2K chars
§2257. Deferred Retirement Option Plan A. In lieu of terminating employment and accepting a service retirement allowance under R.S. 11:2256, any member of this system who has not less than twenty years of creditable service and who is eligible to receive a service retirement allo…
La. Rev. Stat. § 11:2257.1 Self-directed Deferred Retirement Option Plan investment account
2.1K chars
§2257.1. Self-directed Deferred Retirement Option Plan investment account A. The board of trustees shall select a third-party provider to administer a self-directed investment program for Deferred Retirement Option Plan accounts. B. The third-party provider selected shall act as …
La. Rev. Stat. § 11:2258 Disability retirement
8.2K chars
§2258. Disability retirement A.(1) Except as provided in Paragraph (2) of this Subsection, eligibility for disability benefits, procedures for application for disability benefits, procedures for the certification of continuing eligibility for disability benefits, the authority of…
La. Rev. Stat. § 11:2258.1 Disability benefits; appeal
0.6K chars
§2258.1. Disability benefits; appeal A. A member may appeal a decision made pursuant to R.S. 11:218(D)(2) or (3), regarding eligibility for disability benefits, by filing a petition in the appropriate district court within thirty days after receipt of written notice of the decisi…
La. Rev. Stat. § 11:2259 Optional allowances
6.5K chars
§2259. Optional allowances A.(1) 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 ac…
La. Rev. Stat. § 11:2260 Administration
19.6K chars
§2260. Administration A. Board of trustees: (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 af…
La. Rev. Stat. § 11:2260.1 Correction of administrative error
0.8K chars
§2260.1. Correction of administrative error A. Except where otherwise prohibited in this Chapter, the director may correct any administrative error and make all adjustments relative to such correction. The director shall correct such error based solely on sufficient documentation…
La. Rev. Stat. § 11:2261 Management of funds
3.1K chars
§2261. Management of funds A.(1) The board of trustees shall be the trustees of the several funds created by this Chapter as provided in R.S. 11:2262 and shall have full power to invest and reinvest such funds in accordance with the provisions of R.S. 11:261 et seq. The trustees …
La. Rev. Stat. § 11:2261.1 Investment consultants and money managers; fiduciary relationship; contractual
3.3K chars
§2261.1. Investment consultants and money managers; fiduciary relationship; contractual terms; prescription A.(1) Each of the following shall be a fiduciary of the system and shall be subject to R.S. 11:263: (a) Any person who agrees by written contract to exercise any discretion…
La. Rev. Stat. § 11:2262 Method of financing
11.7K chars
§2262. Method of financing A. 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 Reserved Fund, the Pension Accumulation Fund, the Expense Fund, and the …
La. Rev. Stat. § 11:2262.1 Dissolution of fire department; unfunded accrued liability; payment by employer
4.9K chars
§2262.1. Dissolution of fire department; unfunded accrued liability; payment by employer A.(1) If an employer fully dissolves its fire department, the employer shall remit to the system, beginning the first July immediately following the date of dissolution, that portion of the u…
La. Rev. Stat. § 11:2263 Exemption from execution
0.8K chars
§2263. Exemption from execution 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 pro…
La. Rev. Stat. § 11:2264 Deductions
0.6K chars
§2264. Deductions The system 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 po…
La. Rev. Stat. § 11:2265 Assignment of employee contributions; credit union loans
2.5K chars
§2265. Assignment of employee contributions; credit union loans A.(1) Notwithstanding any other provisions of law, any member of this system shall be authorized to assign his accumulated employee contributions to any firefighters' credit union in consideration of a loan. (2)(a) T…
La. Rev. Stat. § 11:2266 Protection against fraud
1.8K chars
§2266. Protection against fraud A. It shall be a misdemeanor offense punishable by a fine not to exceed one thousand dollars, or imprisonment in the parish jail for a period not to exceed twelve months, or both, for any person who knowingly commits any of the following acts: (1) …
La. Rev. Stat. § 11:2267 Limitations of membership
0.5K chars
§2267. Limitations of membership 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 widow…
La. Rev. Stat. § 11:2268 Guaranty
0.7K chars
§2268. 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. 11:2262, and the payment of all pensions, annuities, retirement allowance refunds, and other benefits granted under th…
La. Rev. Stat. § 11:2269 Repealed by Acts 2001, No
0.1K chars
§2269. Repealed by Acts 2001, No. 733, §5, No. 1128, §5, and No. 1176, §6, eff. Jan. 1, 2002.
La. Rev. Stat. § 11:2270 Physical examination; delinquency
2.9K chars
§2270. Physical examination; delinquency A.(1) In order for any applicant to be eligible for membership in the Firefighters' Retirement System, such applicant shall complete the enrollment process, including the completion of the applicant form prescribed by the system, and shall…
La. Rev. Stat. § 11:2271 Tax qualification provisions
2.7K chars
§2271. Tax qualification provisions The Firefighters' Retirement System shall be a tax-qualified governmental plan as provided in the Internal Revenue Code of 1986, as amended. In accordance with the requirements of the Internal Revenue Code, the following provisions shall apply …
La. Rev. Stat. § 11:2272 Excess benefit plan
1.5K chars
§2272. Excess benefit plan A. There is hereby established a separate unfunded, nonqualified excess benefit plan pursuant to Section 415(m) of the Internal Revenue Code, as amended. B.(1) The purpose of this excess benefit plan is to enable employers to pay to members benefits whi…
La. Rev. Stat. § 11:23 Funded percentage; state systems
0.4K chars
§23. Funded percentage; state systems Except as otherwise provided in this Title, "funded percentage" for each state public retirement system shall mean the valuation assets used to determine the actuarially required contributions pursuant to R.S. 11:102 divided by the accrued li…
La. Rev. Stat. § 11:231 Average compensation
3.2K chars
§231. Average compensation A. Notwithstanding any other provisions of law to the contrary, the provisions of this Section shall be applicable, unless specifically exempted in Subsection C of this Section, to all members of the following public retirement systems: (1) Assessors' R…
La. Rev. Stat. § 11:232 Repealed by Acts 2001, No
0.1K chars
§232. Repealed by Acts 2001, No. 436, §1, eff. July 1, 2001.
La. Rev. Stat. § 11:233 Earnable compensation
5.8K chars
§233. Earnable compensation A. The provisions of this Section shall apply to the following public retirement or pension systems, funds, and plans: (1) Firefighters' Retirement System. (2) Sheriffs' Pension and Relief Fund. (3) Parochial Employees' Retirement System of Louisiana. …
La. Rev. Stat. § 11:234 Survivor benefits
1.1K chars
§234. Survivor benefits A. The provisions of this Section shall be applicable to all members of the following public retirement systems: (1) Assessors' Retirement Fund. (2) Clerks of Court Retirement and Relief Fund. (3) District Attorneys' Retirement System. (4) Firefighters' Re…
La. Rev. Stat. § 11:235 Minor's benefit placed in trust; payable under trust instrument
1.3K chars
§235. Minor's benefit placed in trust; payable under trust instrument A. If a state or statewide retirement system provides for payment of benefits to the minor child of a deceased member, when there is no surviving spouse or when the surviving spouse does not have legal custody …
La. Rev. Stat. § 11:241 Purpose; formula for distribution
1.6K chars
§241. Purpose; formula for distribution A. The purpose of this Subpart is to provide with respect to a system of cost-of-living adjustments for retirees of public retirement systems, funds, and plans as specified herein. The provisions of this Subpart do not repeal provisions rel…
La. Rev. Stat. § 11:242 Cost-of-living adjustments; permanent benefit increases; restrictions
5.8K chars
§242. Cost-of-living adjustments; permanent benefit increases; restrictions A. The provisions of this Section do not repeal provisions relative to cost-of-living adjustments contained within the individual laws governing the systems, funds, and plans set forth in Subsection B of …
La. Rev. Stat. § 11:243 Cost-of-living adjustments; permanent benefit increases; restrictions; funding criteria
5.2K chars
§243. Cost-of-living adjustments; permanent benefit increases; restrictions; funding criteria A. The provisions of this Section shall apply to the following retirement systems: (1) The Assessors' Retirement Fund. (2) The Clerks' of Court Retirement and Relief Fund. (3) The Distri…
La. Rev. Stat. § 11:244 Repealed by Acts 1999, No
0.1K chars
§244. Repealed by Acts 1999, No. 402, §2, eff. July 1, 1999.
La. Rev. Stat. § 11:245 Repealed by Acts 1999, No
0.1K chars
§245. Repealed by Acts 1999, No. 402, §2, eff. July 1, 1999.
La. Rev. Stat. § 11:246 Additional cost-of-living adjustments; retirees and beneficiaries over age sixty-five
2.1K chars
§246. Additional cost-of-living adjustments; retirees and beneficiaries over age sixty-five A. Notwithstanding any other provision of law to the contrary, the provisions of this Section shall apply to the following public retirement systems: (1) Assessors' Retirement Fund. (2) Cl…
La. Rev. Stat. § 11:247 Automatic cost-of-living adjustments
4.6K chars
§247. Automatic cost-of-living adjustments A.(1) Upon application for retirement or participation in the Deferred Retirement Option Plan, any member of a state or statewide retirement system may elect to receive an actuarially reduced retirement allowance plus an annual two and o…
La. Rev. Stat. § 11:248 Surviving spouses of police officers
0.8K chars
§248. Surviving spouses of police officers A. Any local retirement or pension system, plan, or fund may grant a cost-of-living adjustment to any surviving spouse currently receiving death, surviving spouse, or widows' benefits based on the death of a spouse who was a police offic…
La. Rev. Stat. § 11:251 Legal counsel, certified public accountants, professional investment personnel
1.5K chars
§251. Legal counsel, certified public accountants, professional investment personnel Notwithstanding any other provisions of law to the contrary, the boards of trustees of the Louisiana State Employees' Retirement System, the Teachers' Retirement System of Louisiana, the Louisian…
La. Rev. Stat. § 11:252 Actuary; appointment; duties
0.5K chars
§252. Actuary; appointment; duties Notwithstanding any other provision of law to the contrary, the board of trustees of any state or statewide retirement system is hereby authorized to appoint an actuary or actuaries, independently or jointly. However, any duties the board assign…
La. Rev. Stat. § 11:261 Purpose
1.0K chars
§261. Purpose The legislature recognizes that the fiscal integrity of various governments of and within this state and the financial security of employees and citizens of these various governments require that the public retirement or pension systems, funds, and plans maintained …
La. Rev. Stat. § 11:262 Applicability
1.0K chars
§262. Applicability The provisions of this Subpart are applicable to the following public retirement or pension systems, funds, and plans: (1) Assessors' Retirement Fund. (2) Clerks of Court Retirement and Relief Fund. (3) District Attorneys' Retirement System. (4) Firefighters' …
La. Rev. Stat. § 11:263 Prudent-man rule; investments; reporting
5.0K chars
§263. Prudent-man rule; investments; reporting A. The prudent-man rule shall be applied by the systems, funds, and plans governed by this Subpart. B. The prudent-man rule shall require each fiduciary of a retirement system and each board of trustees acting collectively on behalf …
La. Rev. Stat. § 11:264 Fiduciary relationships
0.6K chars
§264. Fiduciary relationships With respect to the systems, plans, and funds governed by this Subpart, each of the following persons shall be deemed to be in a fiduciary relationship with the respective funds: (1) Any person who exercises any discretionary authority or discretiona…
La. Rev. Stat. § 11:264.1 Liabilities; discretionary control
0.3K chars
§264.1. Liabilities; discretionary control Legislators, state officials, system attorneys, accountants, and actuaries shall not be considered fiduciaries unless they exercise discretionary control over the management or administration of the system or some authority or control ov…
La. Rev. Stat. § 11:264.2 Fiduciary restriction; felony conviction
0.3K chars
§264.2. Fiduciary restriction; felony conviction Any person who has been convicted of a felony offense shall be restricted from serving as a system fiduciary for a period of five years after the conviction or after the end of imprisonment, whichever is later. Acts 1992, No. 1046,…
La. Rev. Stat. § 11:264.3 Basic fiduciary duty
0.2K chars
§264.3. Basic fiduciary duty The basic duty of a fiduciary is to discharge his duties with respect to the system in the exclusive interest of the members and beneficiaries. Acts 1992, No. 1046, §1, eff. July 1, 1993.
La. Rev. Stat. § 11:264.4 Exclusive interest rule
0.4K chars
§264.4. Exclusive interest rule A fiduciary must discharge his duties within the law solely in the interest of system members and beneficiaries for the exclusive purpose of providing benefits to participants and beneficiaries and paying the expenses of administering the plan. Act…
La. Rev. Stat. § 11:264.5 Breach of fiduciary duty
1.2K chars
§264.5. Breach of fiduciary duty A. Any person who is a fiduciary with respect to a plan who breaches any of the responsibilities, obligations, or duties imposed upon fiduciaries by this Subpart shall be personally liable to make good to such plan any losses to the plan resulting…
La. Rev. Stat. § 11:264.6 Cofiduciary liability
0.5K chars
§264.6. Cofiduciary liability A. Any fiduciary who participates in a breach committed by a cofiduciary, or who tries to conceal a cofiduciary's breach, shall be held liable jointly for breach of fiduciary duty. Cofiduciary liability also results from a fiduciary's failure to use …
La. Rev. Stat. § 11:264.7 Remedies; jurisdiction; authority; attorney fees
1.6K chars
§264.7. Remedies; jurisdiction; authority; attorney fees A. A member, beneficiary, or survivor who can demonstrate a personal interest in a retirement system may bring a civil action to enforce the provisions of this Subpart. In any enforcement proceeding the plaintiff may seek a…
La. Rev. Stat. § 11:264.8 System policy regarding breach of fiduciary duty
0.5K chars
§264.8. System policy regarding breach of fiduciary duty No retirement system may submit a proposed regulation, or approve any internal policy to relieve a fiduciary from responsibility for breach of fiduciary duty. However, a system may purchase insurance to cover liability or l…