§ 11:21 Purpose of Subpart
§ 11:22 A. The provisions of this Section govern the funding methods utilized by state and statewide public retirement systems to determine actuarially required contributions.
§ 11:23 Except as otherwise provided in this Title, “funded percentage” for each state public retirement system shall mean the valuation assets used to determine the actuarially required con
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Terms Used In Louisiana Revised Statutes > Title 11 > Subtitle I > Chapter 2 > Part II > Subpart A - Actuarial Valuation Methods

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
  • person: includes a body of persons, whether incorporated or not. See Louisiana Revised Statutes 1:10