La. Admin. Code tit. 58 § I-3515
Current through Register Vol. 50, No. 11, November 20, 2024
Section I-3515 - Benefit ObligationsA. All benefits payable to participants under the ORP shall be the sole obligation of the ORP provider to which contributions are made, and shall not be the obligation of LASERS. Payments to participants or their beneficiaries shall be made by the ORP provider and not LASERS in accordance with the contracts approved for use in the ORP. Participants in the ORP shall not be entitled to any benefits under the defined benefit plan, and once a choice is made by a participant to participate in the ORP, that individual will be ineligible to participate in the defined benefit plan.La. Admin. Code tit. 58, § I-3515
Promulgated by the Department of Treasury, Board of Trustees of the State Employees' Retirement System, LR 26:1492 (July 2000).AUTHORITY NOTE: Promulgated in accordance with R.S. 11:511 and R.S. 11:515.