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 The system is authorized to deduct monthly life and health insurance premiums and credit union payments from the benefits payable to retirees or other beneficiaries and transmit them to the agency to whom the premiums and payments are due.  The board may adopt policies by which such premiums and payments are to be made and may charge each retiree or beneficiary a service charge to cover the administrative costs necessary to process such deductions.  

Added by Acts 1983, No. 146, §1; Redesignated from La. Rev. Stat. 33:2161.1 by Acts 1991, No. 74, §3, eff. June 25, 1991.