Louisiana Revised Statutes 11:1933 – Change of beneficiary upon judgment of divorce, judicial partition, or authentic act
Terms Used In Louisiana Revised Statutes 11:1933
- Actuarial equivalent: shall mean a benefit of equivalent value to the accumulated contributions, annuity, or benefits, as the case may be, computed on the basis of such mortality and interest tables as shall be adopted by the board of trustees in accordance with the provisions of La. See Louisiana Revised Statutes 11:1902
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
Notwithstanding any other provision of the law to the contrary, in the event any retiree of the system becomes divorced, and in the Judgment of Divorce, Judicial Partition of Community Property, or Community Property Settlement by authentic act properly executed and recorded in the office of the parish recorder or register of conveyances the retiree is awarded or receives all benefits based on his service in the system, he shall be entitled to change his beneficiary or beneficiaries, and any subsequent benefits payable will be computed as an actuarial equivalent, as defined in La. Rev. Stat. 11:1932(A).
Added by Acts 1983, No. 647, §1; Acts 1987, No. 91, §1; Redesignated from La. Rev. Stat. 33:6128.1 by Acts 1991, No. 74, §3, eff. June 25, 1991.