La. Admin. Code tit. 58 § I-3103
Current through Register Vol. 50, No. 11, November 20, 2024
A. A participant in the plan shall receive a monthly benefit equal to the difference between the participant's monthly retirement benefit otherwise payable from the system prior to any reduction or limitation of IRC §415 and the actual monthly retirement benefit payable from the system as limited by IRC §415. The monthly benefit shall be subject to withholding for any applicable income or employment taxes. The form of the benefit paid to a participant from the plan shall be the same as otherwise selected by the participant and payable by the system.La. Admin. Code tit. 58, § I-3103
Promulgated by the Department of Treasury, Board of Trustees of the State Employees' Retirement System, LR 26:1490 (July 2000).AUTHORITY NOTE: Promulgated in accordance with R.S. 11:511 and R.S. 11:515.