La. Admin. Code tit. 58 § III-515
Current through Register Vol. 50, No. 11, November 20, 2024
Section III-515 - Death of BeneficiaryA. In the event of the death of a surviving spousal or nonspousal beneficiary, any remaining DROP account balance will be paid to the estate of the beneficiary.B. DROP accounts will be subject to all Louisiana laws governing community property, inheritance, and estate matters and will be administered in accordance with applicable state laws and orders of the court.La. Admin. Code tit. 58, § III-515
Promulgated by the Department of the Treasury, Board of Trustees of the Teachers' Retirement System of Louisiana LR 18:622 (June 1992), repromulgated LR 24:502 (March 1998).AUTHORITY NOTE: Promulgated in accordance with R.S. 11:739 and R.S. 11:786-791.