Louisiana Revised Statutes 11:1443 – Payment to designated beneficiary
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Terms Used In Louisiana Revised Statutes 11:1443
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Dependent: A person dependent for support upon another.
- Fund: means the Assessors' Retirement Fund. See Louisiana Revised Statutes 11:1402
- Surviving spouse: means a person who is legally married to a member of the system and living with the member at the time of his death. See Louisiana Revised Statutes 11:1402
If a member dies before retiring and leaves no surviving spouse or minor or dependent children, the designated beneficiary shall be entitled to the accumulated contributions in the fund, provided that the designation of beneficiary has been previously filed with the retirement fund. However, if no beneficiary has been designated as provided herein, the accumulated contributions shall be paid to the member’s estate.
Acts 1989, No. 545, §1, eff. July 5, 1989; Redesignated from La. Rev. Stat. 47:8064 by Acts 1991, No. 74, §3, eff. June 25, 1991.