Usufruct
R.S. 11:1962

Computation of normal retirement allowance ACTIVE

The monthly amount of the retirement allowance for any member of Plan B shall consist of an amount equal to two percent of the member's final compensation multiplied by his years of creditable service provided that no retired employee shall receive less in retirement payments than the amount of his accumulated contributions at the date of retirement. Any balance remaining to his credit upon the retiree's death shall be paid to his designated beneficiary or estate.

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References

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History

  • enactment Acts 1979, No. 765, §1, eff. Jan. 1, 1980
  • amendment Acts 1983, No. 38, §1
  • amendment Acts 1988, No. 137, §1
  • amendment Acts 2001, No. 695, §1, eff. Jan. 1, 2002. SECTION 2 OF ACTS 1983, NO. 38, PROVIDES THAT THE "ACT SHALL BE APPLICABLE TO THOSE PERSONS WHO RETIRE ON OR AFTER THE EFFECTIVE DATE OF THIS ACT, AND SHALL NOT BE APPLIED RETROACTIVELY TO THOSE PERSONS WHO RETIRE PRIOR TO THE EFFECTIVE DATE OF THIS ACT."

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Cite R.S. 11:1962

Bluebook
La. Rev. Stat. Ann. § 11:1962 (2026).
Permalink
https://theusufruct.com/rs/title-11/section-1962
BibTeX
@misc{larevstat-11-1962,
  title        = {La. Rev. Stat. Ann. § 11:1962},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-11/section-1962},
  note         = {Snapshot 2026-05-22}
}