§ 11:1322.1 — Children's benefits; payment to trust

Louisiana § 11:1322.1

• Jurisdiction: Louisiana
• Title 11: Consolidated Public Retirement Systems

Text

§1322.1. Children's benefits; payment to trust
The benefits payable to a child under this Chapter shall be paid to the person having
legal custody of the property of the child, unless a trust created under Louisiana law has been
created by the deceased member for the benefit of the child, the terms of the instrument
creating the trust so provide, and the system has been provided with a certified copy of the
trust document, then the survivor benefit shall be paid to the trust under the terms of the trust
for addition to the trust property. In the event that the trust is contested by any party, the
system shall withhold all survivor benefit payments or deposit them in the registry of the
court if a concursus proceeding is filed, until there is a final binding legal agreement or
judgment regarding the proper payment of the survivor benefits.

Legislative History

Acts 2022, No. 247, §1, eff. June 30, 2022.