2006 Louisiana Laws - RS 11:1761 — Cost-of-living adjustment

§1761.  Cost-of-living adjustment

The board of trustees may use interest earnings on Plan A and Plan B investments in excess of normal requirements as determined by actuarial study to provide a cost-of-living adjustment to recipients of benefits of the respective plans who have been retired for a period of not less than one year.  The amount of the adjustment shall not exceed two percent of the original benefit for each full calendar year of retirement.  Such cost-of-living adjustments shall be paid only when such excess funds are available and payments shall be made in such manner and in such amount as determined by the board of trustees.  

Acts 1978, No. 788, §1; Redesignated from R.S. 33:7201 by Acts 1991, No. 74, §3, eff. June 25, 1991; Acts 1992, No. 247, §1.