Louisiana § 11:2256.3 Nonrecurring lump-sum supplemental payment in 2023

Louisiana Statutes

§ 11:2256.3 — Nonrecurring lump-sum supplemental payment in 2023

Louisiana § 11:2256.3

Title 11Consolidated Public Retirement Systems

This text of Louisiana § 11:2256.3 (Nonrecurring lump-sum supplemental payment in 2023) is published on Counsel Stack Legal Research, covering Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

La. Stat. Ann. § 11:2256.3 (2026).

Text

§2256.3. Nonrecurring lump-sum supplemental payment in 2023 A. A nonrecurring lump-sum supplemental payment shall be paid to the following retirees and beneficiaries:

(1)Any retiree who has received a benefit for at least one year on June 30, 2023.

(2)Any nonretiree beneficiary if the retiree or beneficiary or both combined have received a benefit for at least one year on June 30, 2023. B. The supplemental payment paid pursuant to the provisions of this Section shall be paid no later than August 1, 2023. C. Each retiree or beneficiary to whom this Section applies shall receive a nonrecurring lump-sum supplemental payment in an amount that is equal to the lesser of:

(1)The retiree or beneficiary's current monthly benefit.

(2)Two thousand five hundred dollars.

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§2256.3. Nonrecurring lump-sum supplemental payment in 2023
A. A nonrecurring lump-sum supplemental payment shall be paid to the following
retirees and beneficiaries:
(1) Any retiree who has received a benefit for at least one year on June 30, 2023.
(2) Any nonretiree beneficiary if the retiree or beneficiary or both combined have
received a benefit for at least one year on June 30, 2023.
B. The supplemental payment paid pursuant to the provisions of this Section shall
be paid no later than August 1, 2023.
C. Each retiree or beneficiary to whom this Section applies shall receive a
nonrecurring lump-sum supplemental payment in an amount that is equal to the lesser of:
(1) The retiree or beneficiary's current monthly benefit.
(2) Two thousand five hundred dollars.