Louisiana § 11:451.2 Selection of providers

Louisiana Statutes

§ 11:451.2 — Selection of providers

Louisiana § 11:451.2

Title 11Consolidated Public Retirement Systems

This text of Louisiana § 11:451.2 (Selection of providers) 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. § 11:451.2 (2026).

Text

The Board of Trustees of the Louisiana State Employees' Retirement System shall select a provider which will be authorized to place the Deferred Retirement Option Plan participant's subaccount balance, after the Deferred Retirement Option Plan participation ends, in products that shall be selected by the participant. In selecting a provider, the board shall consider, among other things, the following:

(1)The tax status of the products.

(2)The portability of the products offered by the provider.

(3)The types and diversity of products offered by the provider.

(4)The ability of the designated provider to provide the rights and benefits under the products.

(5)At a minimum, one short-term fixed income option.

(6)At least one of the fund providers shall maintain an office in the state of L

Free access — add to your briefcase to read the full text and ask questions with AI

The Board of Trustees of the Louisiana State Employees' Retirement System shall select a provider which will be authorized to place the Deferred Retirement Option Plan participant's subaccount balance, after the Deferred Retirement Option Plan participation ends, in products that shall be selected by the participant. In selecting a provider, the board shall consider, among other things, the following:
(1) The tax status of the products.
(2) The portability of the products offered by the provider.
(3) The types and diversity of products offered by the provider.
(4) The ability of the designated provider to provide the rights and benefits under the products.
(5) At a minimum, one short-term fixed income option.
(6) At least one of the fund providers shall maintain an office in the state of Louisiana.