Louisiana § 11:933 Optional Retirement Plan Advisory Committee

Louisiana Statutes

§ 11:933 — Optional Retirement Plan Advisory Committee

Louisiana·Title 11 Consolidated Public Retirement Systems

§933. Optional Retirement Plan Advisory Committee A. There is hereby established an advisory committee, to be known as the Optional Retirement Plan Advisory Committee. B. The advisory committee shall be comprised of the following members:

(1)The president of each constitutionally established board which manages public postsecondary education institutions shall select one faculty member from among the faculty members of the institutions under the management of the board to be a member of the advisory committee. The person selected shall be a participant in the optional retirement plan established by R.S. 11:921 et seq.

(2)The president of each constitutionally established board which manages public postsecondary education institutions shall select one nonfaculty unclassified staff member

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§933. Optional Retirement Plan Advisory Committee
A. There is hereby established an advisory committee, to be known as the Optional
Retirement Plan Advisory Committee.
B. The advisory committee shall be comprised of the following members:
(1) The president of each constitutionally established board which manages public
postsecondary education institutions shall select one faculty member from among the faculty
members of the institutions under the management of the board to be a member of the
advisory committee. The person selected shall be a participant in the optional retirement
plan established by R.S. 11:921 et seq.
(2) The president of each constitutionally established board which manages public
postsecondary education institutions shall select one nonfaculty unclassified staff member
from among the nonfaculty unclassified staff members of the institutions under the
management of the board to be a member of the advisory committee. The person selected
shall be a participant in the optional retirement plan established by R.S. 11:921 et seq.
(3) The commissioner of higher education shall select one member to represent
participants in the optional retirement plan who are not employed by a public postsecondary
education institution. The person selected shall be a participant in the optional retirement
plan established by R.S. 11:921 et seq.
C. Members shall serve without compensation but may be reimbursed for expenses
as provided by the appointing authority.
D. The advisory committee shall:
(1) Provide information and feedback to the Board of Trustees for the Teachers'
Retirement System of Louisiana related to:
(a) Optional Retirement Plan terms.
(b) Vendor selection.
(c) Administrative fees.
(d) Investments.
(2) Provide regular updates to optional retirement plan participants.
E. Each entity represented by a member of the advisory committee shall provide
clerical staff and clerical support as requested by the advisory committee in fulfillment of the
duties of the advisory committee.

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