Louisiana Revised Statutes 11:951.65 – Absence or death of employee; effect on right to participate
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Terms Used In Louisiana Revised Statutes 11:951.65
- Accumulated contributions: means the sum of all regular contributions, plus regular interest thereon, placed to the credit of the participant in the annuity savings account. See Louisiana Revised Statutes 11:951.1
- Participant: means any employee who is entitled to the beneficial provisions of this retirement system. See Louisiana Revised Statutes 11:951.1
- person: includes a body of persons, whether incorporated or not. See Louisiana Revised Statutes 1:10
- Service: means service rendered by an employee as herein defined. See Louisiana Revised Statutes 11:951.1
A person shall cease to be a participant if he absents himself from service for more than five years in any period of six consecutive years, or if he withdraws his accumulated contributions, becomes a beneficiary, or dies.
Redesignated from La. Rev. Stat. 17:1105 pursuant to La. Rev. Stat. 24:253.