Year unavailable
RS 11:1202
If an employer misses the due date for retirement contributions, the payment becomes delinquent and later payments must include interest.
- Delinquent payments
- Employer contribution remittance
- Interest on late payments
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United States — Louisiana Statutes
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20 statutes shown from 46,252 source-backed records
Year unavailable
RS 11:1203
The board of trustees must determine contribution rates annually, and the State Treasurer must pay state appropriations on warrant of the system’s secretary-treasurer.
- Appropriations
- Employer contributions
- Payment procedure
Year unavailable
RS 11:1204
The retirement system must keep certain unclaimed property in the proper account and must not treat it as abandoned.
- Retirement funds
- Unclaimed property
Year unavailable
RS 11:1205
Plan assets must be used only for the exclusive benefit of members and beneficiaries, with limited exceptions for returned employer contributions and excess funds after termination.
- Contributions
- Employee benefits
- Funds management
Year unavailable
RS 11:1206
Retirement benefits under this Part may not exceed 100% of average compensation, and employer contributions must continue even after a member reaches that level.
- Benefit cap
- Employee contributions
- Employer contributions
Year unavailable
RS 11:121
This section creates the Public Retirement Systems' Actuarial Committee and makes it the advisor to the Louisiana Legislature on public retirement and pension systems.
- Actuarial oversight
- Pension governance
Year unavailable
Year unavailable
RS 11:123
Committee members serve without compensation, except legislative members who receive per diem.
- Committee compensation
- Per diem
Year unavailable
RS 11:124
A committee quorum is six voting members, and official actions need approval by a majority of the members present and voting unless another statute requires more.
- Official actions
- Quorum
- Voting
Year unavailable
RS 11:125
The committee must meet as necessary and assist and report to the specified House, Senate, and joint budget committees.
- Committees
- Legislative procedure
Year unavailable
RS 11:126
The chair and vice chair must rotate every two years between the House speaker or designee and the Senate president or designee, starting July 1. The committee may elect other officers. A member may not serve in an office for more than four consecutive years.
- Officers
- Term limits
Year unavailable
RS 11:127
The committee must regularly review retirement funding and actuarial matters, adopt an annual official valuation for each state or statewide public retirement system, and send recommendations and valuations to specified retirement and budget committees. Agencies represented on the committee must provide clerical suppor
- Actuarial valuations
- Committee reporting
- Public agency support
Year unavailable
RS 11:1301
This section defines terms used in the chapter for the Louisiana State Police Retirement System.
- Definitions
- Public employee retirement system
Year unavailable
RS 11:1302
This section creates the Louisiana State Police Retirement System Board, lists its members, and gives the board authority to manage the fund and related retirement matters.
- Board composition
- Pension administration
- Retirement system governance
Year unavailable
RS 11:1302.1
The retirement system must comply with applicable Internal Revenue Code provisions, and the board must adopt rules to incorporate those provisions into the plan.
- Compliance
- Plan governance
- Rulemaking
Year unavailable
RS 11:1302.2
The board must appoint an actuary and use that actuary for ongoing valuation and advisory work, and changes to actuarial assumptions must be formally adopted, disclosed, and cannot reduce accrued benefits.
- Actuarial valuation
- Benefits administration
- Plan assumptions
Year unavailable
RS 11:1303
The board may manage the retirement system jointly with the Louisiana State Employees' Retirement System, but it must not take actions that impair either board’s or either system’s funds and investments.
- Budgeting
- Fund administration
- Joint administration
Year unavailable
RS 11:1304
The fund is funded by monthly officer payments and an annual state contribution, and the state treasurer must credit the officers’ aggregate payments to the system.
- Contributions
- Fund composition
Year unavailable
RS 11:1305
This section defines who belongs in the Louisiana State Police Retirement System and when service credit may or may not be counted.
- Retirement benefit calculations
- Retirement system membership
- Service credit
Year unavailable
RS 11:1305.1
A State Police Retirement System member with transferred service credit at a lower accrual rate may buy the higher accrual rate for all or part of that transferred credit by paying an actuarially calculated amount.
- Accrual rate
- Service credit
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