La. Admin. Code tit. 58 § I-1501

Current through Register Vol. 50, No. 11, November 20, 2024

Section I-1501 - Purchases and Transfers of Service; Calculations; Costs

A. The purchase of service on an actuarial basis and the transfer of service from other public retirement systems into LASERS requires an actuarial calculation by the system actuary.

B. The cost of this calculation shall be paid by the member requesting the calculation. Payment must be made before the request for the calculation will be forwarded to the actuary.

La. Admin. Code tit. 58, § I-1501

Promulgated by the Department of Treasury, Board of Trustees of the State Employees' Retirement System, LR 22:373 (May 1996), amended LR 32:265 (February 2006).

AUTHORITY NOTE: Promulgated in accordance with R.S. 11:424, 11:446 and 11:515.