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Code · Louisiana · Title 11 — Consolidated Public Retirement

RS 11:1194

134 words·~1 min read·/la/title-11/11-71

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RS 11:1194
§1194. Annual amounts payable to pension accumulation fund
The total amount payable in each year to the pension accumulation fund shall be not less than the sum of the rate per centum known as the normal contribution rate and the accrued liability contribution rate of the total compensation earnable by all members during the preceding year; provided that the amount of each annual accrued liability contribution shall be at least three per cent greater than the preceding annual accrued liability payment, and that the payment by the State of Louisiana shall be sufficient, when combined with the amount in the fund, to provide the pension and other benefits payable out of the fund during the year then current.
Redesignated from R.S. 17:985 by Acts 1991, No. 74, §3, eff. June 25, 1991.
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