§ 11:3374.1 — Submission of actuarial and accounting reports; penalty

Louisiana § 11:3374.1

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

Text

A. The chief administrative officer of the city of New Orleans shall request in writing to the board of trustees of the Firefighters' Pension and Relief Fund in the city of New Orleans to provide quarterly reports of all expenses and actuarial and accounting records maintained by the board of trustees, including but not limited to records supporting the financial statement and actuarial valuation reports of the Firefighters' Pension and Relief Fund.
B. Any administrator of the Firefighters' Pension and Relief Fund who intentionally fails to meet the reporting requirements of this Section, or who intentionally refuses to comply with a request for information requested by the chief administrative officer within thirty days after such request is made, may be fined up to one hundred dollars a day from the date of such failure or refusal, not to exceed a total of five thousand dollars.

Legislative History

Acts 1995, No. 1035, §1, eff. June 29, 1995.