Louisiana Revised Statutes 11:769 – Payment of employee’s accumulated contributions guaranteed
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Terms Used In Louisiana Revised Statutes 11:769
- 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
In no case shall the system pay total benefits of an amount less than the total of the employee’s accumulated contributions. Where the sum of the regular benefits, Deferred Retirement Option Plan payments, and survivor benefits is less than the employee’s total contributions, the difference shall be paid to the estate of the deceased member.
Acts 2004, No. 747, §1, eff. July 6, 2004.