United States — Louisiana Act or statute

United States — Louisiana legislation

RS 11:1197

The pension reserve fund holds pension reserves and pays pensions and annuities from that fund.

fund administrationretirement benefits

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“The pension reserve fund holds pension reserves and pays pensions and annuities from that fund.”

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RS 11:1197

The pension reserve fund holds pension reserves and pays pensions and annuities from that fund.

Section 11:1197

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Source record from legis.la.gov · Undated source snapshot

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§ 11:1197RS 11:1197Provision

The pension reserve fund holds pension reserves and pays pensions and annuities from that fund.

§1197. Pension reserve fund; description; payment from fund The pension reserve fund is the fund in which shall be held the reserves on all pensions granted to members and from which such pensions and annuities in lieu thereof shall be paid. Should such a beneficiary retired on account of disability be restored to active service with a compensation not less than his average final compensation at the time of his last retirement, his remaining accumulated contributions shall be transferred from the pension reserve fund to the annuity savings fund, and a net adjustment for all other amounts standing to his credit in the pension reserve fund shall be included within the actuary's annual determination as defined in R.S. 11:1193(C)(1). Acts 1984, No. 678, §1; Redesignated from R.S. 17:989 by Acts 1991, No. 74, §3, eff. June 25, 1991.
Section 11:1197Verify source

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