Louisiana Revised Statutes 11:751 – Rounding of service credit at the time of retirement
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Terms Used In Louisiana Revised Statutes 11:751
- Member: means any teacher included in the membership of the system as provided in Part II of this Chapter. See Louisiana Revised Statutes 11:701
- Retirement: means withdrawal from active service with a retirement allowance granted under the provisions of this Chapter. See Louisiana Revised Statutes 11:701
- Service: means service as a teacher within the meaning of Paragraph (33) of this Section. See Louisiana Revised Statutes 11:701
At the time of retirement or beginning participation in the Deferred Retirement Option Plan, any fractional part of a year of the member‘s total service credit shall be rounded to the closest one-tenth of a year but shall not exceed one hundred percent of a year.
Acts 1997, No. 105, §1, eff. July 1, 1997; Acts 1997, No. 1353, §1, eff. July 1, 1997; Acts 2001, No. 1174, §1, eff. July 1, 2001.