Louisiana Revised Statutes 11:2091 – Board of trustees; membership; vacancies; compensation
Terms Used In Louisiana Revised Statutes 11:2091
- Board of trustees: shall mean the board provided for in Louisiana Revised Statutes 11:2031
- Creditable service: shall mean service for which credit is allowable as provided in Louisiana Revised Statutes 11:2031
- Ex officio: Literally, by virtue of one's office.
- Member: shall include any employee, as defined in Paragraph (10) of this Section, included in the membership of this system as provided in Louisiana Revised Statutes 11:2031
- Oath: A promise to tell the truth.
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
- Retirement: shall mean withdrawal from active service with a retirement allowance granted under the provisions of this Chapter. See Louisiana Revised Statutes 11:2031
- Retirement system: shall mean the Registrars of Voters Employees' Retirement System as defined in Louisiana Revised Statutes 11:2031
- Service: shall mean service rendered as an employee as described in Paragraph (10) of this Section. See Louisiana Revised Statutes 11:2031
- Trustee: A person or institution holding and administering property in trust.
A. The general administration and responsibility for the proper operation of the retirement system and for making effective the provisions of the Chapter are hereby vested in a board of trustees which shall be organized immediately after a majority of the trustees provided for in this Section shall have qualified and taken the oath of office.
B. The board shall consist of ten trustees as follows:
(1) A member of the House Committee on Retirement appointed by the speaker of the House of Representatives, or the member’s designee.
(2) The chairman of the Senate Committee on Retirement, ex officio, or his designee.
(3) The secretary of state, ex officio, or his designee.
(4) The state treasurer, ex officio, or his designee.
(5) Six active and contributing members of the system who shall have at least five years of creditable service in the Registrars of Voters Employees’ Retirement System who shall be elected by the members of the Registrars of Voters Employees’ Retirement System according to the rules and regulations adopted by the board of trustees to govern such elections. The term of office of the six elected board members shall be for a period of four years; provided, that one elected member whose term of office begins January 1, 2012, shall serve an initial term of two years, with subsequent terms of four years. No elected trustee may serve for more than three consecutive four-year terms, exclusive of any term being served on December 31, 2011. If an elected trustee elects to participate in the Deferred Retirement Option Plan after his term has commenced, he may continue to serve for the remainder of the term for which he was elected; however, if he otherwise separates from service, his term shall expire.
C. If a vacancy occurs in the office of an elected trustee, the board of trustees of the Registrars of Voters Employees’ Retirement System shall appoint a member to the unexpired term of office, provided that if the unexpired term is for a period of more than two years, the appointment shall be for the period intervening until the next regularly scheduled election, at which time a member shall be elected to fill the unexpired portion of the term in accordance with the rules governing the election of board members.
D. The trustees shall receive the per diem provided for in La. Rev. Stat. 11:182(A) and shall be reimbursed from the Expense Fund for all necessary expenses that they may incur through service on the board.
E. Repealed by Acts 1988, No. 83, §2.
Acts 1954, No. 215, §6(1) to (4), (11); Acts 1988, No. 83, §2; Acts 1989, No. 759, §1; Redesignated from La. Rev. Stat. 18:1761 by Acts 1991, No. 74, §3, eff. June 25, 1991; Acts 1995, No. 684, §1, eff. July 1, 1995; Acts 2011, No. 119, §1, eff. Jan. 1, 2012; Acts 2016, No. 621, §1, eff. June 17, 2016; Acts 2017, No. 283, §1, eff. June 30, 2017; Acts 2021, No. 135, §1, eff. July 1, 2021.