United States — Louisiana
RS 11:1202
1 provisions
If an employer misses the due date for retirement contributions, the payment becomes delinquent and later payments must include interest.
Act or statute Open & Chat
United States — Louisiana Statutes
Browse 46,252 source-backed statutes, open stored provisions, and verify official source links.
46,252 statutes · page 29 of 2,313
United States — Louisiana
RS 11:1203
1 provisions
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.
Act or statute Open & ChatUnited States — Louisiana
RS 11:1204
1 provisions
The retirement system must keep certain unclaimed property in the proper account and must not treat it as abandoned.
Act or statute Open & ChatUnited States — Louisiana
RS 11:1205
1 provisions
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.
Act or statute Open & ChatUnited States — Louisiana
RS 11:1206
1 provisions
Retirement benefits under this Part may not exceed 100% of average compensation, and employer contributions must continue even after a member reaches that level.
Act or statute Open & ChatUnited States — Louisiana
RS 11:121
1 provisions
This section creates the Public Retirement Systems' Actuarial Committee and makes it the advisor to the Louisiana Legislature on public retirement and pension systems.
Act or statute Open & ChatUnited States — Louisiana
RS 11:122
1 provisions
The actuarial committee must include the listed voting members.
Act or statute Open & ChatUnited States — Louisiana
RS 11:123
1 provisions
Committee members serve without compensation, except legislative members who receive per diem.
Act or statute Open & ChatUnited States — Louisiana
RS 11:124
1 provisions
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.
Act or statute Open & ChatUnited States — Louisiana
RS 11:125
1 provisions
The committee must meet as necessary and assist and report to the specified House, Senate, and joint budget committees.
Act or statute Open & ChatUnited States — Louisiana
RS 11:126
1 provisions
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.
Act or statute Open & ChatUnited States — Louisiana
RS 11:127
1 provisions
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
Act or statute Open & ChatUnited States — Louisiana
RS 11:1301
1 provisions
This section defines terms used in the chapter for the Louisiana State Police Retirement System.
Act or statute Open & ChatUnited States — Louisiana
RS 11:1302
1 provisions
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.
Act or statute Open & ChatUnited States — Louisiana
RS 11:1302.1
1 provisions
The retirement system must comply with applicable Internal Revenue Code provisions, and the board must adopt rules to incorporate those provisions into the plan.
Act or statute Open & ChatUnited States — Louisiana
RS 11:1302.2
1 provisions
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.
Act or statute Open & ChatUnited States — Louisiana
RS 11:1303
1 provisions
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.
Act or statute Open & ChatUnited States — Louisiana
RS 11:1304
1 provisions
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.
Act or statute Open & ChatUnited States — Louisiana
RS 11:1305
1 provisions
This section defines who belongs in the Louisiana State Police Retirement System and when service credit may or may not be counted.
Act or statute Open & ChatUnited States — Louisiana
RS 11:1305.1
1 provisions
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.
Act or statute Open & Chat