Louisiana § 11:877 Accrued liability contributions; discontinuance

Louisiana Statutes

§ 11:877 — Accrued liability contributions; discontinuance

Louisiana § 11:877

Title 11Consolidated Public Retirement Systems

This text of Louisiana § 11:877 (Accrued liability contributions; discontinuance) 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. § 11:877 (2026).

Text

The accrued liability contribution shall be discontinued as soon as the accumulated reserve in the pension accumulation fund shall equal the present value, as actuarially computed and approved by the board of trustees, of the total liability of such fund less the present value, computed on the basis of the normal contribution rate then in force, of the prospective normal contributions to be received on account of all persons who are at that time members.
Redesignated from R.S. 17:698 by Acts 1991, No. 74, §3, eff. June 25, 1991.

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

The accrued liability contribution shall be discontinued as soon as the accumulated reserve in the pension accumulation fund shall equal the present value, as actuarially computed and approved by the board of trustees, of the total liability of such fund less the present value, computed on the basis of the normal contribution rate then in force, of the prospective normal contributions to be received on account of all persons who are at that time members.
Redesignated from R.S. 17:698 by Acts 1991, No. 74, §3, eff. June 25, 1991.