Upon the retirement of a member, an amount equal to his annuity savings balance shall be transferred from the Annuity Savings Fund to the Pension Reserve Fund. The difference between his pension reserve and the annuity savings balance shall be transferred from the Pension Accumulation Account to the Pension Reserve Fund.
R.S. 11:1698 active rs title
Pensions and benefits payable from accumulation fund; transfers from funds ACTIVE
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References
None.
Cited by
None.
History
- amendment Acts 1971, No. 70, §1
- amendment Acts 1977, No. 592, §1
- amendment Acts 1993, No. 234, §1, eff. June 1, 1993