Louisiana § 11:951.42 Annuity savings account; description; amount of employee contributions

Louisiana Statutes

§ 11:951.42 — Annuity savings account; description; amount of employee contributions

Louisiana § 11:951.42

Title 11Consolidated Public Retirement Systems

This text of Louisiana § 11:951.42 (Annuity savings account; description; amount of employee contributions) 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. § 11:951.42 (2026).

Text

A.The annuity savings account is the account to which shall be credited the contributions from the compensation of the participants to provide for their annuities.

B.Each employee eligible to participation shall be required to contribute to the retirement system such per centum of his earnable compensation as the board of trustees may from time to time upon recommendation of the actuary adopt, provided that after attaining the normal service retirement age the participant may, by written notice to the board of trustees, elect not to contribute further. Redesignated from R.S. 17:1072 pursuant to R.S. 24:253.

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A. The annuity savings account is the account to which shall be credited the contributions from the compensation of the participants to provide for their annuities.
B. Each employee eligible to participation shall be required to contribute to the retirement system such per centum of his earnable compensation as the board of trustees may from time to time upon recommendation of the actuary adopt, provided that after attaining the normal service retirement age the participant may, by written notice to the board of trustees, elect not to contribute further.
Redesignated from R.S. 17:1072 pursuant to R.S. 24:253.