Louisiana Statutes
§ 11:951.54 — Surplus and contingency account; description of and amounts credited to account
Louisiana § 11:951.54
JurisdictionLouisiana
Title 11Consolidated Public Retirement Systems
This text of Louisiana § 11:951.54 (Surplus and contingency account; description of and amounts credited to account) 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. § 11:951.54 (2026).
Text
A.The surplus and contingency account is the account to which shall be credited, after each actuarial valuation, all surpluses in the annuity savings account, the annuity reserve account, the pension accumulation account, the pension reserve account, and all annual surpluses in the expense fund account.
B.After the accrued liability of the retirement system has been extinguished there shall be paid annually into the surplus and contingency account from the contributions of the Orleans Parish School Board the difference between the normal contribution and the total contribution.
C.Any donation made absolute shall be credited to this account.
D.From the surplus and contingency account may be transferred any monies necessary to offset a deficit that may develop in any other account.
Redes
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Nearby Sections
15
§ 11:951.1
§ 11:951.1§ 11:951.11
§ 11:951.11§ 11:951.12
Election of members of board, procedure§ 11:951.13
Terms of office and compensation of trustees§ 11:951.14
Powers of board in general§ 11:951.19
Bond furnished by secretary-treasurer§ 11:951.20
Duties and powers of secretary-treasurer§ 11:951.21
Actuary; appointment; duties and powersCite This Page — Counsel Stack
Bluebook (online)
Louisiana § 11:951.54, Counsel Stack Legal Research, https://law.counselstack.com/statute/la/11%3A951.54.