§ 11:511 — Composition of board of trustees

Louisiana § 11:511

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

Text

§511. Composition of board of trustees
The board of trustees shall consist of the following members:
(1) A member of the House Committee on Retirement appointed by the speaker of
the House of Representatives, or the member's designee.
(2) The chairman of the Retirement Committee of the Senate, ex officio, or his
designee.
(3) The treasurer of the state of Louisiana, ex officio, or his designee.
Notwithstanding the provisions of R.S. 49:307.1, the treasurer may name any person as his
designee to this board.
(4) The commissioner of administration, ex officio, or his designee.
(5) Six trustees who shall be active employees and members of the system with at
least ten years of creditable service and who shall be elected by the members of the system
for a term of four years to succeed members whose terms expire under rules and regulations
adopted by the board to govern the elections. However, those trustees whose terms begin on
or after January 1, 1998, shall be eligible to serve only three consecutive four-year terms, to
include any term served as an active or retired member. Upon the completion of the third
consecutive four-year term, the trustee shall be ineligible for a fourth consecutive term of
office. An active member who retires while serving on the board shall be allowed to remain
on the board for the remainder of the term for which elected. The director, assistant
directors, chief investment officer, and other employees of the staff of the system shall be
ineligible for membership on the board, and no member of the board elected under this
Section shall be eligible for one of these positions for a period of two years after the
termination of their service on the board. No department in the executive branch of state
government, as more particularly described in Title 36 of the Louisiana Revised Statutes of
1950, as amended and revised, may have more than two trustees serving on the board at the
same time. The candidate or candidates who have received the highest and next highest vote
tallies, and who do not violate the prohibition against more than two trustees serving from
the same department, shall be declared the elected trustee or trustees.
(6) Three trustees who are retired members of the system and who shall represent the
retired members of the system. The retired trustees shall be elected by the retired members
of the system for a term of four years. However, those trustees whose terms begin on or after
January 1, 1998, shall be eligible to serve only three consecutive four-year terms, to include
any term served as an active or retired member. Upon the completion of the third
consecutive four-year term, the trustee shall be ineligible for a fourth consecutive term of
office. The election shall be held in accordance with the rules adopted by the board to
govern the elections of trustees. Vacancies shall be filled in accordance with R.S. 11:512.

Legislative History

Acts 1972, No. 135, §1, eff. July 26, 1972. Amended by Acts 1974, No. 224, §1; Acts 1983, No. 23, §1; Acts 1983, No. 683, §1; Acts 1987, No. 200, §1, eff. July 1, 1987; Acts 1987, No. 930, §1, eff. Jan. 1, 1988; Redesignated from R.S. 42:641 by Acts 1991, No. 74, §3, eff. June 25, 1991; Acts 1995, No. 556, §1; Acts 1997, No. 6, §1, eff. May 9, 1997; Acts 1997, No. 25, §1, eff. July 1, 1997; Acts 1999, No. 737, §1, eff. Jan. 1, 2001; Acts 2012, No. 113, §1, eff. June 30, 2012; Acts 2016, No. 621, §1, eff. June 17, 2016.