2006 Louisiana Laws - RS 11:1639 — Deferred retirement option plan
§1639. Deferred Retirement Option Plan
A. In lieu of terminating employment and accepting a service allowance, any member of this system who is an active contributing member upon becoming eligible for normal retirement pursuant to R.S. 11:1632(A), or for the unreduced benefits under R.S. 11:1633(5) may elect to participate in the Deferred Retirement Option Plan and defer the receipt of benefits in accordance with the provisions of R.S. 11:1639 through 1643.
B. An election to participate in the plan may be made only once, for a specified period not to exceed three years. Once specified, the period of participation may not be extended.
Acts 1991, No. 75, §1, eff. Jan. 1, 1992; Redesignated from R.S. 16:1050 by Acts 1991, No. 74, §5, eff. June 25, 1991; Acts 1995, No. 982, §1, eff. July 1, 1995.
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