Louisiana § 11:3038 Amount of service retirement annuity

Louisiana Statutes

§ 11:3038 — Amount of service retirement annuity

Louisiana § 11:3038

Title 11Consolidated Public Retirement Systems

This text of Louisiana § 11:3038 (Amount of service retirement annuity) 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. § 11:3038 (2026).

Text

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.

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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.