Louisiana Revised Statutes 11:1781.1 – Early retirement eligibility; actuarially reduced benefits
Terms Used In Louisiana Revised Statutes 11:1781.1
- Member: means a contributing employee who is covered under the provisions of this Chapter. See Louisiana Revised Statutes 11:1732
- Plan A: means the revised plan to replace a combination of the regular and supplemental plans, to be effective October 1, 1978, as outlined in Part III of this Chapter. See Louisiana Revised Statutes 11:1732
A. In addition to the provisions of La. Rev. Stat. 11:1781, any member of Plan A shall be eligible to retire with twenty years of service credit at any age, exclusive of military service and unused annual and sick leave. However, any member retiring under this Section shall have his benefit, inclusive of military service credit and allowable unused annual and sick leave, actuarially reduced from the earliest age that he would have normally become eligible for a regular retirement benefit under any provision of La. Rev. Stat. 11:1781, if he had continued in service to that age.
B. Any member who retires under this Section is not eligible to participate in the Deferred Retirement Option Plan.
Acts 1999, No. 230, §1, eff. June 11, 1999.