Tap any paragraph to write a margin note. Your notes collect in the Desk below the text and file under cases with @. The side-by-side margin rail opens on a larger screen.

§
Marginalia
Code · Louisiana · Title 11 — Consolidated Public Retirement

RS 11:2257.1

337 words·~2 min read·/la/title-11/11-1796

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

RS 11:2257.1
§2257.1. Self-directed Deferred Retirement Option Plan investment account
A. The board of trustees shall select a third-party provider to administer a self-directed investment program for Deferred Retirement Option Plan accounts.
B. The third-party provider selected shall act as an agent of the system for the purpose of investing the balance in the self-directed account of the participant as directed by the participant. The participant shall be given investment options that comply with federal law for the self-directed plan; however, the provider shall have as an investment option a stable value fund that preserves the participant's principal.
C. Prior to participation in the self-directed Deferred Retirement Option Plan, the participant shall make an irrevocable, written election of his participation in the plan acknowledging the following:
(1)All funds in his account or accounts shall be transferred to the third-party provider of the self-directed investment account.
(2)The participant waives his rights as set forth in Article X, Section 29 of the Constitution of Louisiana as it relates to interest earned by his Deferred Retirement Option Plan account.
(3)That the participant and the provider shall be responsible for complying with all applicable provisions of the Internal Revenue Code and that he and the provider, not the state or the system, bear the sole responsibility and liability for any violation of the Internal Revenue Code that occurs as a result of his participation in the self-directed investment program.
(4)That there shall be no liability on the part of and no cause of action of any nature shall arise against the state, the system, or its agents or employees for any action taken by the participant for choices he makes in relation to the investments in which he chooses to place his account balance.
(5)The benefits payable to the participant are not the obligation of the state or the system, and any returns and other rights of the plan are the sole liability and responsibility of the participant and the provider.
Acts 2025, No. 344, §1.
★   the supreme law of the land   ★
Don't Tread on Me
E Pluribus Unum — out of many, one

"If you don't know your rights, you don't have any."

Marginalia · a citizen's law index
A research desk, not legal advice. Always read the cited source before relying on a summary.
Questions or an issue? support@self-law.org
disclaimerMarginalia is a research index, not a law firm. Nothing on this site is legal, tax, or financial advice and no attorney–client relationship is formed by using it. Statutes, regulations, and case law change; summaries, search results, AI output, and member posts may be incomplete, out of date, or wrong. Any interpretation drawn from material on this site should be validated by a licensed attorney in your jurisdiction before you act on it.