United States — Louisiana Statutes

RS 11:1137

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A member with at least 90 days in the system may get employee service credit if that service is not already credited in another Louisiana public retirement system.

• Employee service credit
• Retirement contributions

RS 11:1138

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The board of trustees may allow reciprocity of credits with other Louisiana state, parish, or city retirement systems that are partly or fully publicly funded.

• Retirement credits

RS 11:1139

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Members with at least six months of creditable service may buy credit for certain full-time school employment, unless that service is already credited in another retirement system.

• Retirement service credit

RS 11:1140

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Payment for service credit under this Part may be made by a trustee-to-trustee transfer of funds from a Section 403(b) annuity or a Section 457 plan to the system.

• Retirement funds
• Service credit
• Trustee-to-trustee transfer

RS 11:1141

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Members meeting the stated age and service rules may retire by written application to the board of trustees.

• Benefit effective date
• Reemployment restriction
• Retirement applications
• Retirement eligibility

RS 11:1141.1

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Section 1141.1 was repealed.

RS 11:1141.2

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Section 11:1141.2 is repealed.

RS 11:1141.3

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Section 11:1141.3 was repealed.

RS 11:1142

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Members meeting certain service and start-date conditions may withdraw from service and keep their contributions in the system, and later become eligible for a retirement allowance at age 60 or 62 depending on when their first eligible employment began.

RS 11:1143

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Part-time members of the Louisiana School Employees' Retirement System are subject to this section’s credit and benefit rules.

• Average compensation
• Benefit eligibility
• Part-time employment
• Retirement credit

RS 11:1144

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This section gives retirement allowances to members, with different minimum and supplementary benefit rules based on retirement date and service history.

• Pension calculation
• Retirement allowance

RS 11:1145

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If no cost-of-living adjustment is payable, the board may authorize a one-time lump-sum benefit supplement for eligible retirees or beneficiaries.

• Benefit supplementation
• Retiree benefits

RS 11:1145.1

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This section governs how the experience account is credited and debited and sets conditions for permanent benefit increases.

• Benefit increases
• Experience account
• Funding thresholds
• Retirement system administration

RS 11:1145.2

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Louisiana authorizes a one-time cost-of-living adjustment for certain retirees and beneficiaries, subject to eligibility rules and funding limits.

• Benefit adjustments
• Cost-of-living adjustment

RS 11:1145.3

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The retirement system’s board may pay a cost-of-living adjustment starting July 1, 2016, subject to the listed eligibility and funding limits.

• Actuarial funding
• Benefit payments
• Cost-of-living adjustment

RS 11:1145.4

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This section gives certain retirees, beneficiaries, and eligible survivors a monthly retirement benefit increase, generally up to the lesser of $300 or the amount needed to reach $1,450.

• Benefit increases
• Pensions

RS 11:1145.5

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The retirement system board may pay a permanent benefit increase starting July 1, 2022, but only for eligible retirees and beneficiaries and only if the increase is funded through the system’s experience account.

• Benefit increases
• Retirement system funding

RS 11:1145.6

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The PBI account must be zero on July 1, 2023, and the board of trustees may not grant a permanent benefit increase unless the legislature approves it.

• Funding accounts
• Retirement benefit increases

RS 11:1146

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The board of trustees must provide a supplemental benefit to certain retirants, beneficiaries, and survivors, but only if funds are appropriated.

• Appropriations
• Benefits administration

RS 11:1147

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This section sets eligibility rules and payment rules for disability retirement benefits, including service-credit minimums, medical certification, survivor benefits, and later-life reporting/medical-exam requirements.

• Benefits administration
• Eligibility
• Medical certification
• Survivor benefits