2006 Louisiana Laws - RS 11:1756 — Application for benefits; commencement of benefits; payment of benefits

§1756.  Application for benefits; commencement of benefits; payment of benefits

A.  A member or survivor eligible for a benefit of this Chapter shall make application for such benefit to the board.  

B.  The benefit shall commence upon the first day of the first month following withdrawal of the member from employment, provided such retirement received board approval, except that the retirement allowance for an eligible vested member shall commence on the first day of the first month following application for benefits and subsequent board approval.  

C.  The retirement allowance shall be paid in equal monthly installments for life and shall not be increased, decreased, revoked, or repealed except for error or where otherwise specifically provided by law.

Acts 1978, No. 788, §1; Redesignated from R.S. 33:7195 by Acts 1991, No. 74, §3, eff. June 25, 1991.  

NOTE:  See Acts 2003, No. 860, §§2 and 3, relative to benefits for certain system members and period of effectiveness of such provisions.