La. Admin. Code tit. 32 § I-1105
Current through Register Vol. 50, No. 8, August 20, 2024
Section I-1105 - Penalty for Late Payment of PremiumsA. If any participating employer fails to remit, in full, both the employer and employee contributions to OGB within 30 days after receipt of the monthly invoice premium statement, then at the request of OGB, the state treasurer shall withhold from state funds due the participating employer the full amount of the delinquent employer and employee contributions. The participating employer shall also pay a penalty equal to 1 percent of the total amount due and unpaid, compounded monthly. The state treasurer shall remit this amount directly to OGB. La. Admin. Code tit. 32, § I-1105
Promulgated by the Department of Treasury, Board of Trustees, State Employees Group Benefits Program, LR 26:2788 (December 2000), amended by the Office of the Governor, Division of Administration, Office of Group Benefits, LR 41:349 (February 2015), effective March 1, 2015, Amended by the Office of the Governor, Division of Administration, Office of Group Benefits LR 412353 (11/1/2015), effective 1/1/2016.AUTHORITY NOTE: Promulgated in accordance with R.S. 42:801(C) and 802(B)(1).