Title 11, Consolidated Public Retirement
0 chapters · 1,796 sections in this title.
La. Rev. Stat. § 11:265 Compensation of investment advisors
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§265. Compensation of investment advisors Each board of trustees of the various public retirement systems, plans, or funds is hereby authorized, in requesting proposals for investment advisory services, to require that fees shall be quoted as a fixed fee, a fee based on market va…
La. Rev. Stat. § 11:266 Investment performance standards
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§266. Investment performance standards A. The provisions of this Section shall be applicable to all Louisiana public retirement or pension systems, funds, and plans, and shall not apply to any investment manager or investment advisor who does not have an office for investment man…
La. Rev. Stat. § 11:266.1 Investment through Louisiana incorporated and domiciled broker-dealer
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§266.1. Investment through Louisiana incorporated and domiciled broker-dealer A. The provisions of this Section shall be applicable to every state public retirement or pension system, plan, or fund. B. Each state public retirement or pension system, plan, or fund shall direct at …
La. Rev. Stat. § 11:267 Repealed by Acts 2010, No
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§267. Repealed by Acts 2010, No. 1004, §2, eff. July 1 , 2010.
La. Rev. Stat. § 11:268 Repealed by Acts 2010, No
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§268. Repealed by Acts 2010, No. 1004, §2, eff. July 1 , 2010.
La. Rev. Stat. § 11:269 Disclosure; consultants; money managers
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§269. Disclosure; consultants; money managers A.(1) Consultants and money managers shall provide full disclosure to the sponsor of each Louisiana public retirement or pension system, plan, or fund of conflicts of interest, including non-pension sponsor sources of revenue. Consult…
La. Rev. Stat. § 11:271 Purpose; elimination of unfunded accrued liability
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§271. Purpose; elimination of unfunded accrued liability A. It is recognized that the legislative and executive branches of state government bear a responsibility with respect to the fiscal integrity of the state; that, in connection therewith, it is imperative that the public re…
La. Rev. Stat. § 11:272 Early retirement eligibility
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§272. Early retirement eligibility A. Notwithstanding any other provision of law to the contrary, the provisions of this Section shall be applicable to all members of the following public retirement systems: (1) Louisiana State Employees' Retirement System, (2) Louisiana State Po…
La. Rev. Stat. § 11:281 Failure to timely remit contributions; effect
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§281. Failure to timely remit contributions; effect A. Notwithstanding any other provisions of law to the contrary, the provisions of this Section shall be applicable to all members of the following public retirement systems: (1) Louisiana State Employees' Retirement System. (2) …
La. Rev. Stat. § 11:291 Community property interest
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§291. Community property interest A. Notwithstanding any other provision of law to the contrary, any benefit or a return of employee contributions shall be subject to a temporary restraining order or injunction issued by a court in connection with an action which would result in …
La. Rev. Stat. § 11:292 Seizure for child support; garnishment or seizure related to felony convictions
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§292. Seizure for child support; garnishment or seizure related to felony convictions A. Notwithstanding any other provision of law to the contrary, any retirement allowance, benefit, or refund of accumulated contributions paid to any member, former member, or retiree under the p…
La. Rev. Stat. § 11:293 Forfeiture of retirement benefits; public corruption crimes
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§293. Forfeiture of retirement benefits; public corruption crimes A. As used in this Section, the following words or phrases shall have the following meanings: (1) "Conviction" or "convicted" means a criminal conviction, guilty plea, or plea of nolo contendere that is final, and …
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. § 11:301 Repealed by Acts 2011, No
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§301. Repealed by Acts 2011, No. 207, §1.
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. § 11:302 Repealed by Acts 2011, No
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§302. Repealed by Acts 2011, No. 207, §1.
La. Rev. Stat. § 11:303 Repealed by Acts 2011, No
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§303. Repealed by Acts 2011, No. 207, §1.
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. § 11:304 Repealed by Acts 2011, No
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§304. Repealed by Acts 2011, No. 207, §1.
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…