Louisiana Statutes
§ 11:3038 — Amount of service retirement annuity
Louisiana·Title 11 Consolidated Public Retirement Systems
A.Upon retirement, a member shall be entitled to receive a service retirement annuity equal to two and two-thirds percent of average salary for each year of total service.
B.A proportional amount of the annual rate of annuity shall be determined and granted for any fractional part of a year of service.
C.The minimum amount of service retirement annuity in any case shall be twenty-five percent of average salary. The maximum service retirement annuity shall be sixty-six and two-thirds percent of average salary.
Designated from Acts 1967, No. 9, §1, by Acts 1991, No. 74, §3, eff. June 25, 1991.
Free access — add to your briefcase to read the full text and ask questions with AI
Louisiana § 11:3038 (Amount of service retirement annuity) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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