§ 11:1759 — Return of accumulated contributions

§1759. Return of accumulated contributions
A. Subject to the restrictions contained herein, should a member not eligible to retire
cease to be an employee under the provisions of this Chapter, he shall be paid the amount of
his accumulated contributions upon demand.
B. Should a member die before retirement and not leave survivors eligible for
benefits herein, the amount of his accumulated contributions shall be paid to his estate or to
such person as he shall have nominated by written designation, duly executed and filed with
the board.
C. Should the survivor of a member eligible for any benefit under this Chapter desire
a refund of the member's contributions in lieu of such benefit, he shall receive such refund
by notifying the board in writing, and executing a waiver of all benefits provided herein.
D. However, refunds of accumulated contributions shall not be required to be made
to the member or to his estate until and unless the member has been terminated from a
participating municipality for thirty days and until all contributions for said member have
been submitted by the member's employer.

Legislative History

Acts 1983, No. 648, §1; Acts 1990, No. 48, §1; Redesignated from R.S. 33:7198 by Acts 1991, No. 74, §3, eff. June 25, 1991; Acts 2020, No. 31, §1, eff. June 30, 2020.