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United States — Louisiana Act or statute

United States — Louisiana legislation

RS 11:1139

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
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United States — Louisiana
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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.”

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RS 11:1139

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.

Section 11:1139

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§ 11:1139RS 11:1139Provision

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.

§1139. Credit for support personnel service credit in other states A.(1) Notwithstanding any other provisions of law to the contrary, any member who has six months of creditable service in this system shall be eligible to obtain credit for full-time service as an employee, as the term "employee" is defined in R.S. 11:1002(13), rendered in any school system, public or private, of this state or any other state, provided that service shall not be credited to this system if the member already has credit for that service in any other retirement system. (2) In order to receive such credit, the retirement system in which the member was enrolled while employed as an "employee" in another state shall certify that the member does not have credit in that system which duplicates the credit being purchased in this system. (3) To purchase credit for such service, the member shall apply to the board of trustees of the system and shall furnish a detailed statement of all such service, as the board may require. Additionally, the member shall pay an amount calculated in accordance with the provisions of R.S. 11:158. The cost of such service shall be paid in a lump sum, and the amount paid shall be credited to the member's account in the Annuity Savings Fund. B. The board of trustees shall promulgate rules and regulations regarding the amount of such service which must be rendered to equal one year of credit in this system, but in no event shall more than one year of service be credited for all service rendered in any one fiscal year. C. Credit for such service shall not be granted in this fund if the member is receiving a regular or disability retirement benefit based on such service. Acts 2003, No. 685, §1; Acts 2003, No. 764, §1.
Section 11:1139Verify source

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