2006 Louisiana Laws - RS 11:231 — Average compensation

SUBPART F.  RETIREMENT BENEFIT COMPUTATION

§231.  Average compensation

A.  Notwithstanding any other provisions of law to the contrary, the provisions of this Section shall be applicable, unless specifically exempted in Subsection C below, to all members of the following public retirement systems:

(1)  Louisiana State Employees' Retirement System.

(2)  State Police Pension and Retirement System.

(3)  Repealed by Acts 1995, No. 577, §2, eff. July 1, 1995.

(4)  Assessors' Retirement Fund.

(5)  Clerks' of Court Retirement and Relief Fund.

(6)  District Attorneys' Retirement System.

(7)  Municipal Employees' Retirement System of Louisiana.

(8)  Repealed by Acts 2006, No. 584, §2, eff. July 1, 2006.

(9)  Registrars of Voters Employees' Retirement System.

(10)  Sheriffs' Pension and Relief Fund.

(11)  Municipal Police Employees' Retirement System.

B.  For purposes of retirement benefit computation, average compensation, or its equivalent, shall be based on the thirty-six highest successive months of employment, or on the highest thirty-six successive joined months of employment where interruption of service occurred.  The earnings to be considered for the thirteenth through the twenty-fourth month shall not exceed one hundred and twenty-five percent of the earnings of the first through the twelfth month.  The earnings to be considered for the final twelve months shall not exceed one hundred and twenty-five percent of the earnings of the thirteenth through the twenty-fourth month.  Nothing herein, however, shall change the method of determining the amount of earned compensation received.

C.(1)  This Section shall not apply to members of the State Police Pension and Retirement System who become members on or before September 8, 1978, but it shall apply to all persons who become members of the State Police Pension and Retirement System on or after September 9, 1978.

(2)  This Section shall not apply to members of the Louisiana State Employees' Retirement System whose first employment making them eligible for system membership began on or after July 1, 2006, or to any person who receives an additional benefit pursuant to R.S. 11:557, 582, or 602 or R.S. 24:36.

(3)  This Section shall not apply to members of the following retirement systems whose first employment making them eligible for system membership began on or after July 1, 2006:

(a)  Clerks' of Court Retirement and Relief Fund.

(b)  Municipal Employees' Retirement System.

(c)  Registrars of Voters Employees' Retirement System.

(d)  Sheriffs' Pension and Relief Fund.

(4)  This Section shall not apply to members of the Parochial Employees' Retirement System whose first employment making them eligible for system membership began on or after January 1, 2007.

(5)  This Section shall not apply to members of the Assessors' Retirement Fund whose first employment making them eligible for system membership began on or after October 1, 2006.

(6)  This Section shall not apply to members of the Louisiana School Employees' Retirement System whose first employment making them eligible for system membership began on or after July 1, 2006.

Added by Acts 1978, No. 632, §1, eff. Aug.  15, 1978.  Acts 1986, No. 367, §1, eff Jan. 1, 1987; Acts 1990, No. 570, §2, eff. July 1, 1993; Redesignated from R.S. 42:710 by Acts 1991, No. 74, §3, eff. June 25, 1991; Acts 1995, No. 577, §2, eff. July 1, 1995; Acts 2005, No. 75, §1, eff. July 1, 2005; Acts 2006, No. 563, §1, eff. June 23, 2006; Acts 2006, No. 578, §1, eff. July 1, 2006; Acts 2006, No. 579, §1, eff. June 23, 2006; Acts 2006, No. 584, §2, eff. July 1, 2006; Acts 2006, No. 647, §1, eff. July 1, 2006; Acts 2006, No. 780, §1, eff. June 30, 2006.

NOTE:  SEE ACTS 1986, NO. 367, §2.

NOTE:  See Acts 2006, No. 584, §3, relative to Act superceding conflicting Acts of the 2006 R.S.