Louisiana Revised Statutes 11:952.23 – Service on which retirement allowances are based
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Terms Used In Louisiana Revised Statutes 11:952.23
- Credited service: means service for which credit is allowable as provided in La. See Louisiana Revised Statutes 11:952.1
- Member: means any employee included in the membership of the funded system as provided in La. See Louisiana Revised Statutes 11:952.1
- Retirement: means withdrawal from active service with a retirement allowance granted under the provisions of this part. See Louisiana Revised Statutes 11:952.1
- Retirement allowance: means annual payments for life under the funded system payable in equal monthly installments beginning as of the date fixed by the board of supervisors. See Louisiana Revised Statutes 11:952.1
- Service: means service as a teacher within the meaning of Paragraph (33) of this Section. See Louisiana Revised Statutes 11:701
Credited service at retirement on which the retirement allowance of a member shall be based shall consist of his credited service rendered after the effective date, plus, if applicable, credited service rendered prior to the effective date, as determined under La. Rev. Stat. 11:952.22.
Added by Acts 1971, No. 26, §1. Redesignated from La. Rev. Stat. 17:1621 pursuant to La. Rev. Stat. 24:253.