§ 11:1808.6 — Vesting

Louisiana § 11:1808.6

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

Text

§1808.6. Vesting
A.(1) A member of MERS Plan B Tier 2 who withdraws from active service prior
to becoming eligible for retirement, who has at least seven years of creditable service, and
who has received no refund of his accumulated contributions, shall receive a retirement
allowance to commence on his earliest normal retirement date.
(2) Such deferred retirement allowance shall be computed according to the
provisions of this Part based on final compensation and creditable service at date of
withdrawal.
(3) During the period from the member's date of withdrawal from service to the
member's earliest normal retirement date, he shall not be considered a member and therefore
shall not be entitled to any benefits due a member. Upon retirement he may exercise all
rights and privileges of a retired member.
B. Should a vested terminated member return to active employment, he shall become
a member and shall contribute at the current contribution rate.

Legislative History

Acts 2018, No. 4, §1, eff. July 1, 2018.