United States — Louisiana Act or statute

United States — Louisiana legislation

RS 11:1326

An employee who left service and withdrew retirement contributions may get prior service credit restored if the employee repays the withdrawn amount plus interest. The section also allows payment…

employee retirement contributionsfund repaymentservice credit

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“An employee who left service and withdrew retirement contributions may get prior service credit restored if the employee repays the withdrawn amount plus interest. The section also allows payment for service credit by trustee-to-trustee transfer from certain annuity or deferred compensation plans.”

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RS 11:1326

An employee who left service and withdrew retirement contributions may get prior service credit restored if the employee repays the withdrawn amount plus interest. The section also allows payment for service credit by trustee-to-trustee…

Section 11:1326

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Amendment
§ 11:1326RS 11:1326Amendment

An employee who left service and withdrew retirement contributions may get prior service credit restored if the employee repays the withdrawn amount plus interest. The section also allows payment for service credit by trustee-to-trustee transfer from certain annuity or deferred compensation plans.

§1326. Credit for previous service upon reentry into service A. Any employee who has left the service and has withdrawn his accumulated contributions from the state police retirement fund may have his prior service credit reinstated provided he repays to the fund the full amount previously withdrawn from the fund, plus interest at the board approved actuarial valuation rate, compounded annually from date of withdrawal to date of repayment. B. Payment for service credit under this Section shall be allowed by a trustee-to-trustee transfer of funds from an annuity under Section 403(b) or a plan under Section 457 of the Internal Revenue Code to the system. Amended by Acts 1958, No. 19, §1; Acts 1973, No. 137, §1; Acts 1979, No. 440, §1; Acts 1986, No. 774, §1; Acts 1990, No. 425, §1; Redesignated from R.S. 40:1439 by Acts 1991, No. 74, §3, eff. June 25, 1991; Acts 2010, No. 637, §1, eff. July 1, 2010.
Section 11:1326Verify source

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  • Internal Revenue Code

    Section 11:1326

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