Louisiana Revised Statutes 11:23 – Funded percentage; state systems
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Terms Used In Louisiana Revised Statutes 11:23
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
Except as otherwise provided in this Title, “funded percentage” for each state public retirement system shall mean the valuation assets used to determine the actuarially required contributions pursuant to La. Rev. Stat. 11:102 divided by the accrued liability of the system determined by utilizing the funding method established in La. Rev. Stat. 11:22.
Acts 2016, No. 95, §1, eff. June 30, 2016.