2006 Louisiana Laws - RS 11:951.87 — Return of accumulated contributions upon termination of employment; death of beneficiary
§951.87. Return of accumulated contributions upon termination of employment; death of beneficiary
A. Should a participant cease to be an employee except by death or retirement under the provisions of this Part, he shall be paid his accumulated contributions including regular interest standing to the credit of the participant in the annuity savings account.
B. Upon the proper proofs of the death of a participant in service there shall be paid to any person as he shall have nominated by written designation acknowledged and filed with the board of trustees, otherwise to his succession, the amount which would have been payable to him, had he ceased to be a participant as provided in the preceding paragraph.
Redesignated from R.S. 17:1127 pursuant to R.S. 24:253.
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