Louisiana Revised Statutes 11:1961 – Eligibility for normal retirement
Terms Used In Louisiana Revised Statutes 11:1961
- Creditable service: means all periods of time for which credit is allowed towards any benefits of this Chapter. See Louisiana Revised Statutes 11:1902
- Member: means a contributing employee who is covered under the provisions of this Chapter. See Louisiana Revised Statutes 11:1902
- Plan B: means the revised plan to replace the regular plan, to be effective January 1, 1980, as outlined in Part IV. See Louisiana Revised Statutes 11:1902
A. Any member of Plan B hired on or before December 31, 2006, shall be eligible to retire if he has at least:
(1) Thirty years of creditable service, and is at least age fifty-five.
(2) Ten years of creditable service, and is at least age sixty.
(3) Seven years of creditable service and is at least age sixty-five.
B. Any member of Plan B who is hired on or after January 1, 2007, shall be eligible to retire if he has at least:
(1) Thirty years of creditable service, and is at least age fifty-five.
(2) Ten years of creditable service, and is at least age sixty-two.
(3) Seven years of creditable service, and is at least age sixty-seven.
Acts 1979, No. 765, §1, eff. Jan. 1, 1980; Redesignated from La. Rev. Stat. 33:6171 by Acts 1991, No. 74, §3, eff. June 25, 1991; Acts 2001, No. 695, §1, eff. Jan. 1, 2002; Acts 2006, No. 584, §1, eff. July 1, 2006.
NOTE: See Acts 2006, No. 584, §3, relative to Act superseding conflicting provisions of Acts of 2006 R.S.