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United States — Louisiana Act or statute

United States — Louisiana legislation

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.

appropriationsemployer contributionspayment procedure
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United States — Louisiana
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1 provisions
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“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.”

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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.

Section 11:1203

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

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§ 11:1203RS 11:1203Provision

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.

§1203. Collection of employer contributions; procedure The collection of employer's contributions shall be made as follows: (1) Upon the basis of each actuarial valuation provided herein, the board of trustees shall annually determine the "normal contribution" rate and the "accrued liability contribution" rate. The sum of these two rates shall be known as the employer's (state) contribution rate. Until the first valuation has been made and the returns computed, the amount payable by the state on account of the normal and accrued liability contributions shall be one hundred fifty thousand dollars, which amount is approximately five per cent of the estimated total salaries of the members of the system for the 1947-48 school year. (2) Each appropriation made by the State of Louisiana shall be paid by the State Treasurer on warrant of the secretary-treasurer of the system. The secretary-treasurer, after making a record of the appropriation, shall deposit the same to the credit of the State Treasurer as provided by law. Redesignated from R.S. 17:993 by Acts 1991, No. 74, §3, eff. June 25, 1991.
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