2009 Louisiana Laws TITLE 11 Consolidated public retirement :: RS 11:3605 Board of directors; powers and duties

§3605.  Board of directors; powers and duties

A.  The board of directors shall have the power, and it shall be its duty to:

(1)  Make all rules and regulations necessary to the proper administration of the fund under the provisions of this Subpart.  

(2)  Retain such legal, medical, clerical, money management, or other services as are necessary for this conduct of the affairs connected with the fund and provide compensation for such services.  

(3)  Cause such amounts as are set forth in this Subpart to be deducted from the salaries of the active participants in the fund and paid into the treasury of the fund.  

(4)  Certify to the levying authority provided by this Subpart, the amount of revenues required and provided for, and cause same to be collected through the proper local agency.  

(5)  Cause the examination of every disabled pensioner or beneficiary at least once a year.  

(6)  Keep all necessary records of its meetings and proceedings.  

(7)  Cause to be posted in each station house a recapitulation of the fund, prepared by an independent certified public accountant, showing the number of pensioners, the amount of disbursements, the revenues received, and present condition and manner of investment of the funds.  

(8)  Keep a book to be known as the List of Retired Policemen.  This book shall contain a full and complete record of the action of said board of directors in retiring or pensioning all persons under this Subpart, showing the names, dates of entering the service of the police department, date of removal from active service and the reason for such action.  

B.  The board shall be a quasi-judicial body and its action shall be reviewable only by the courts.  

Added by Acts 1975, No. 549, §1; Redesignated from R.S. 33:2385.4 by Acts 1991, No. 74, §3, eff. June 25, 1991.