Louisiana Revised Statutes 11:901.26 – Payment of benefits to members of Orleans retirement fund; alternative method of payment
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Terms Used In Louisiana Revised Statutes 11:901.26
- Board of trustees: means the board provided for in Part V of this Chapter to administer the retirement system. 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 lieu of paying monthly to each individual retirant of the Orleans system the amount to which he is entitled to receive under the provisions of this Part, the board of trustees of the teachers’ retirement system of Louisiana shall have the right to pay monthly to the teachers’ retirement fund of Orleans Parish the aggregate of the amounts payable to retirant of the Orleans system but only after receipt of proper voucher signed by two persons designated by the board of trustees of the Orleans teachers’ retirement fund.
Redesignated from La. Rev. Stat. 17:729 pursuant to La. Rev. Stat. 24:253.