§ 11:3137 — Board of trustees; duties; powers

Louisiana § 11:3137

• Jurisdiction: Louisiana
• Title 11: Consolidated Public Retirement Systems

Text

The board of trustees shall have the power and it shall be its duty to:
(1) Make all rules and regulations necessary to the proper conduct of the business of the Fund under the provisions of the law.
(2) Retain such legal, medical, clerical or other services as may be necessary for the conduct of the affairs of the Fund, and make compensation for such services.
(3) Cause such amounts as may be set forth in the law to be deducted from the salaries of the active participants in the Fund, and be paid into the treasury of the Fund.
(4) Certify to the levying authority provided by law the amount of revenues required and provided for, and cause same to be collected through the proper local agency.
(5) Cause the examination of every disability pensioner or beneficiary as often as the board deems necessary, but at least once a year.
(6) Keep all necessary records of its meetings and proceedings.
(7) It shall annually, at the close of the fiscal year, cause to be posted in each station house a recapitulation of the Fund, prepared by an independent certified public accountant, showing number of pensioners, amount of disbursements, revenues received and present condition and manner of investment of said Fund.
(8) Keep a book to be known as the list of Retired Firemen. This book shall give a full and complete record of the action of the board of trustees in retiring or pensioning all persons under this Part, showing the names, date of entering the service of said fire department, date of removal from active service, and the reason for such action. Decisions by the board shall be reviewable only by a court of competent jurisdiction.
Designated from Acts 1972, No. 23, §6 by Acts 1991, No. 74, §3, eff. June 25, 1991.