La. Admin. Code tit. 58 § I-3705
Current through Register Vol. 50, No. 11, November 20, 2024
Section I-3705 - Tax LiabilityA. The employee requesting the lump sum cash conversion of leave shall be solely responsible for any tax consequences of this decision, and the employee must acquire any tax advice from a private source (CPA or tax attorney) as LASERS shall not be responsible for any tax liability that may impact the employee as a result of the decision to take a lump sum cash distribution of leave in lieu of converting leave to retirement credit.La. Admin. Code tit. 58, § I-3705
Promulgated by the Department of Treasury, Board of Trustees of the State Employees' Retirement System, LR 29:1122 (July 2003).AUTHORITY NOTE: Promulgated in accordance with R.S. 11:511 and R.S. 11:515.