Louisiana Revised Statutes 11:942.5 – Transfers
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Terms Used In Louisiana Revised Statutes 11:942.5
- 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
Any current member of the regular plan who elects to participate in the alternative contribution plan as authorized by La. Rev. Stat. 11:942.1(C) shall have six percent of all of his salary that was previously reported to the Teachers’ Retirement System transferred to his alternative contribution plan account without interest.
Acts 2001, No. 1055, §1, eff. July 1, 2001.