Louisiana Revised Statutes 11:1518 – Reemployment of a member after military service
Terms Used In Louisiana Revised Statutes 11:1518
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Employee: means any regular employee of a clerk, minute clerk, and employees of the Louisiana Clerks of Court Association, the Louisiana Clerks' of Court Retirement and Relief Fund, and the Louisiana Clerks of Court Insurance Fund, who works more than an average of twenty hours per week. See Louisiana Revised Statutes 11:1503
- Fund: means the Clerks' of Court Retirement and Relief Fund. See Louisiana Revised Statutes 11:1503
A. The qualified military service of a member who has been reemployed in accordance with 26 U.S.C. § 414(u) shall be treated for vesting and benefit accrual purposes as service completed under La. Rev. Stat. 11:1514 if the member remits to the fund any employee contributions which would have been required but for the member’s leave of absence to perform qualified military service.
B. Effective January 1, 2007, if a member dies while on a leave of absence to perform qualified military service as described in 26 U.S.C. § 414(u), his beneficiary is entitled to any benefits, except benefits that accrued during the period of qualified military service, that would have been provided under the plan had the member resumed and then terminated employment due to death, in accordance with 26 U.S.C. § 401(a)(37).
Acts 2012, No. 481, §1, eff. June 5, 2012.