Louisiana Revised Statutes 11:1165.1 – Compliance with Internal Revenue Code provisions
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Terms Used In Louisiana Revised Statutes 11:1165.1
- Retirement: means withdrawal from active service with a retirement allowance granted under the provisions of this Chapter. See Louisiana Revised Statutes 11:1002
- Retirement system: means the Louisiana School Employees Retirement System established and described in La. See Louisiana Revised Statutes 11:1002
The retirement system shall take all actions necessary to comply with the provisions of the Internal Revenue Code applicable to qualified governmental retirement plans. The board shall promulgate rules in accordance with the Administrative Procedure Act to incorporate such Internal Revenue Code provisions into the retirement system‘s plan, and the plan provisions shall thereafter consist of this Chapter together with such properly promulgated rules.
Acts 2011, No. 354, §1, eff. July 1, 2011.