Louisiana Statutes
§ 11:1563 — Deficiencies
Louisiana·Title 11 Consolidated Public Retirement Systems
If at any time the monies of the fund are insufficient to pay each retiree and beneficiary the full amount to which he is entitled, equal percentages of the full amount shall be paid to each retiree and beneficiary until the fund is replenished so as to warrant resumption of the payment of the full amount to each retiree and beneficiary.
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Legislative History
Acts 1986, No. 1063, §1, eff. Oct. 1, 1986; Redesignated from R.S. 13:960.2 by Acts 1991, No. 74, §3, eff. June 25, 1991.
Nearby Sections
15
§ 11:1501
§ 11:1501§ 11:1502
Name of system§ 11:1503
Definitions§ 11:1504
Protection against fraud§ 11:1511
§ 11:1511§ 11:1512
Termination of membership§ 11:1513
Reemployment of a retiree§ 11:1514
Service credit§ 11:1517
Credit for noncredited prior service§ 11:152
Military service credit