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. Average compensation and election of option, if any, are fixed upon commencement of participation.
R.S. 11:790 active rs title
Irrevocability of election ACTIVE
Actions
References
None.
Cited by
None.
History
- enactment Acts 1991, No. 62, §1, eff. July 1, 1992
- amendment Acts 1995, No. 1110, §1, eff. Jan. 1, 1996