2015 Louisiana Laws
Revised Statutes
TITLE 11 - Consolidated Public Retirement
RS 11:2165.5 - Annual amount of retirement allowance
§2165.5. Annual amount of retirement allowance
A. The annual amount of the retirement allowance for any member who upon retirement has less than thirty years of creditable service in this fund shall be three percent of the average final compensation for each year of creditable service. The annual amount of the retirement allowance for any member who upon retirement shall have at least thirty years of total creditable service, with at least twenty years of creditable service in this system, shall be three and one-third percent of the average final compensation for each year of creditable service.
B. The benefits provided in this Section shall not exceed one hundred percent of average compensation.
Acts 2012, No. 719, §1, eff. June 30, 2012.
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