Once participation in the plan commences, the election to participate is irrevocable and the term of participation may not be extended. Only one period of participation is permitted. Final average compensation and election of option, if any, are fixed upon commencement of participation and may not be changed after entering the Deferred Retirement Option Plan.
R.S. 11:451 active rs title
Irrevocability of election ACTIVE
Actions
References
None.
Cited by
None.
History
- enactment Acts 1990, No. 14, §1, eff. Jan. 1, 1991
- amendment Acts 1995, No. 1110, §1, eff. Jan. 1, 1996
- amendment Acts 2003, No. 818, §1, eff. Jan. 1, 2004