United States — Louisiana Act or statute

United States — Louisiana legislation

RS 11:104

The committee must set the employer contribution rate each year by late February, and the chairman must notify each employer or retirement system within 10 business days after the rate is set.

contributionsnotificationrate determination

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“The committee must set the employer contribution rate each year by late February, and the chairman must notify each employer or retirement system within 10 business days after the rate is set.”

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RS 11:104

The committee must set the employer contribution rate each year by late February, and the chairman must notify each employer or retirement system within 10 business days after the rate is set.

Section 11:104

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§ 11:104RS 11:104Provision

The committee must set the employer contribution rate each year by late February, and the chairman must notify each employer or retirement system within 10 business days after the rate is set.

§104. Employer contributions; determination date; notification A. The employer contribution rate as referred to in this Subpart shall be determined by the Public Retirement Systems' Actuarial Committee as soon as practicable after the first day of January but no later than the last Monday in February of each year for those systems that have a fiscal year ending on the thirtieth day of June. B. Within ten business days after the determination of a rate pursuant to this Section, the chairman of the Public Retirement Systems' Actuarial Committee shall notify each employer or retirement system that the referenced rate shall be recommended to the legislature for approval, or that the given rate shall be used by the employer or retirement system, whichever is appropriate under the provisions contained in R.S. 11:102 and 103. Acts 1991, No. 1038, §1; Acts 1992, No. 958, §1; Acts 2010, No. 874, §1, eff. July 1, 2010.
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  • Public Retirement Systems' Act

    Section 11:104

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