Louisiana Revised Statutes 11:451.3 – Vested participants
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Terms Used In Louisiana Revised Statutes 11:451.3
- Retirement: means termination of active service, with a retirement allowance granted under the provisions of this Chapter. See Louisiana Revised Statutes 11:403
Those individuals who have entered the Deferred Retirement Option Plan prior to the effective date of the self-directed portion of the plan will have the option to participate in the self-directed plan or remain in the plan as it existed when the participant entered the Deferred Retirement Option Plan, whether the participant terminated employment or remained employed.
Acts 2003, No. 818, §1, eff. Jan. 1, 2004.