Louisiana Statutes
§ 11:1586 — Guaranty
Louisiana·Title 11 Consolidated Public Retirement Systems
The maintenance of annuity reserves and pension reserves as provided for, and regular interest creditable to the various funds as provided in Part VII of this Chapter, and the payment of all pensions, annuities, retirement allowance refunds and other benefits granted under the provisions of this Chapter, are hereby made obligations of the pension accumulation fund. All income, interest and dividends derived from deposits and investments authorized by this Chapter shall be used for the payment of the said obligations of the said fund.
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Legislative History
Added by Acts 1956, No. 56, §12; Redesignated from R.S. 16:1006 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