La. Admin. Code tit. 58 § I-3109
Current through Register Vol. 50, No. 11, November 20, 2024
Section I-3109 - Funding AssetsA. The benefit liabilities of the plan shall be funded on a month to month basis. The fund established hereunder shall not be accumulated to pay benefits payable in future months. Any assets of the fund not used for paying benefits for a current month shall be used, as determined by the system, for the payment of administrative expenses of the plan for future months or paid to the system as an additional employer contribution.La. Admin. Code tit. 58, § I-3109
Promulgated by the Department of Treasury, Board of Trustees of the State Employees' Retirement System, LR 26:1491 (July 2000).AUTHORITY NOTE: Promulgated in accordance with R.S. 11:511 and R.S. 11:515.