Louisiana Statutes
§ 11:3016 — Guaranty
Louisiana·Title 11 Consolidated Public Retirement Systems
A.The maintenance of actuarial reserves for the various allowances and benefits under this Part, and the payment of all annuities, retirement allowances, refunds and other benefits granted under the provisions of this Part, are hereby made obligations of the Employer's Accumulation Account. All income, interest, and dividends derived from deposits and investments authorized by this Part shall be used for the payment of the obligations of the system.
B.Any retirement allowance or other annuity or benefit provided by this Part shall be paid in equal monthly installments for life and shall not be increased, decreased, revoked or repealed, except for error, or except where specifically otherwise provided by this Part.
Designated from Acts 1948, No. 459, §16 by Acts 1991, No. 74, §3, eff. Jun
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Nearby Sections
15
§ 11:3001
§ 11:3001§ 11:3002
Definitions§ 11:3003
Membership§ 11:3004
Creditable service§ 11:3005
Retirement allowance§ 11:3005.1
Deferred Retirement Option Plan§ 11:3006
Disability retirement§ 11:3007
Options§ 11:3008
Refund of contributions§ 11:3009
Benefit to members already retired§ 11:301
§ 11:301§ 11:3010
Survivors's benefits§ 11:3011
Administration§ 11:3012
Investments§ 11:3013
Financing and accounting