United States — Louisiana Act or statute

United States — Louisiana legislation

RS 11:1149

If a member with under 10 years of service credit has been out of service for 5 years without asking for a refund, the retirement system must mail a notice of the member’s contribution-related rights.…

member contributionsrefundsservice credit

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“If a member with under 10 years of service credit has been out of service for 5 years without asking for a refund, the retirement system must mail a notice of the member’s contribution-related rights. If the member later makes a valid refund request, the refund must be paid from the annuity savings fund.”

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RS 11:1149

If a member with under 10 years of service credit has been out of service for 5 years without asking for a refund, the retirement system must mail a notice of the member’s contribution-related rights. If the member later makes a valid r…

Section 11:1149

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§ 11:1149RS 11:1149Provision

If a member with under 10 years of service credit has been out of service for 5 years without asking for a refund, the retirement system must mail a notice of the member’s contribution-related rights. If the member later makes a valid refund request, the refund must be paid from the annuity savings fund.

§1149. Contributions of members out of service for five years Whenever a member who has less than ten years of service credit has been out of service for five years without having applied for a refund of contributions, the retirement system shall transmit to him by certified mail, return receipt requested, at his last known address, a notification of his rights with respect to the contributions. The notification shall include information regarding his rights to the refund of contributions, his rights to leave the contributions in the system if he plans to reenter service, his rights to use the contributions for reciprocity or transfer of service credit if he becomes a member of another system, and any rights he may have to a retirement allowance pursuant to R.S. 11:1142. Upon a valid request for a refund of contributions, such refund will be made from the annuity savings fund. Acts 1984, No. 60, §1; Redesignated from R.S. 17:917.1 by Acts 1991, No. 74, §3, eff. June 25, 1991; Acts 2016, No. 319, §1, eff. June 30, 2016.
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