Louisiana § 11:2072 Annual amount of retirement allowance

Louisiana Statutes

§ 11:2072 — Annual amount of retirement allowance

Louisiana·Title 11 Consolidated Public Retirement Systems

§2072. Annual amount of retirement allowance A. The annual amount of the retirement allowance for persons who retired from this system on or before June 30, 1999, shall be three percent of the average compensation for each year of creditable service. B.

(1)The annual amount of the retirement allowance for any person who is an active contributing member of this system on or after July 1, 1999, and whose first employment making him eligible for membership in the system occurred on or before January 1, 2013, shall be equal to three and one-third percent of the average compensation for each year of creditable service.

(2)For any former active contributing member who returns to service as an active contributing member on and after July 1, 1999, and whose first employment making him eligible fo

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§2072. Annual amount of retirement allowance
A. The annual amount of the retirement allowance for persons who retired from this
system on or before June 30, 1999, shall be three percent of the average compensation for
each year of creditable service.
B.(1) The annual amount of the retirement allowance for any person who is an active
contributing member of this system on or after July 1, 1999, and whose first employment
making him eligible for membership in the system occurred on or before January 1, 2013,
shall be equal to three and one-third percent of the average compensation for each year of
creditable service.
(2) For any former active contributing member who returns to service as an active
contributing member on and after July 1, 1999, and whose first employment making him
eligible for membership in the system began prior to January 1, 2013, the provisions of this
Subsection shall apply only to the service credit earned after the date such member returns
to service.
C. The retirement allowance provided to a member pursuant to the provisions of this
Section shall not exceed one hundred percent of the member's average compensation.

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Legislative History

Acts 1989, No. 202, §1; Redesignated from R.S. 18:1732 by Acts 1991, No. 74, §3, eff. June 25, 1991; Acts 1999, No. 1273, §1, eff. July 1, 1999; Acts 2012, No. 526, §§1, 2, eff. July 1, 2012; Acts 2016, No. 423, §1, eff. June 9, 2016.