United States — Louisiana Act or statute

United States — Louisiana legislation

RS 11:1563

If the fund lacks enough money to pay full benefits, each retiree and beneficiary must receive equal percentages of the full amount until the fund is replenished.

benefit payment adjustmentsretirement fund administration

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“If the fund lacks enough money to pay full benefits, each retiree and beneficiary must receive equal percentages of the full amount until the fund is replenished.”

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RS 11:1563

If the fund lacks enough money to pay full benefits, each retiree and beneficiary must receive equal percentages of the full amount until the fund is replenished.

Section 11:1563

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Source record from legis.la.gov · Legal dates not recorded

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§ 11:1563RS 11:1563Provision

If the fund lacks enough money to pay full benefits, each retiree and beneficiary must receive equal percentages of the full amount until the fund is replenished.

§1563. Deficiencies If at any time the monies of the fund are insufficient to pay each retiree and beneficiary the full amount to which he is entitled, equal percentages of the full amount shall be paid to each retiree and beneficiary until the fund is replenished so as to warrant resumption of the payment of the full amount to each retiree and beneficiary. Acts 1986, No. 1063, §1, eff. Oct. 1, 1986; Redesignated from R.S. 13:960.2 by Acts 1991, No. 74, §3, eff. June 25, 1991.
Section 11:1563Verify source

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