Louisiana Revised Statutes 11:894 – Payment not due; interest
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Terms Used In Louisiana Revised Statutes 11:894
- person: includes a body of persons, whether incorporated or not. See Louisiana Revised Statutes 1:10
- Retirement: means withdrawal from active service with a retirement allowance granted under the provisions of this Chapter. See Louisiana Revised Statutes 11:701
Whenever a retiree, beneficiary, survivor, or other person illegally obtains money or benefits which are not due them, the repayment of such overpayment to the system or the recovery of the overpayment as authorized by La. Rev. Stat. 11:192 shall include interest to be paid to the retirement system at the rate of legal interest, and shall be computed from thirty days after the date the system requests repayment.
Acts 1985, No. 308, §1; Redesignated from La. Rev. Stat. 17:707 by Acts 1991, No. 74, §3, eff. June 25, 1991.