Louisiana Revised Statutes 11:3690.2 – Any unclaimed employee contributions, other funds, checks, or any other property held by the system that could be claimed by a member or prior member, the member’s beneficiary, heirs
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Terms Used In Louisiana Revised Statutes 11:3690.2
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Beneficiary: means any person designated to receive a pension, an annuity, a retirement allowance, or other benefit as provided by this Subpart. See Louisiana Revised Statutes 11:3682
- Employee: means any commissioned member or employee of the Harbor Police Department of the Port of New Orleans prior to July 1, 2004, or any commissioned member of the Harbor Police Department of the Port of New Orleans on or after July 1, 2004 and hired on or before June 30, 2014. See Louisiana Revised Statutes 11:3682
- Member: includes any employees, as defined in Paragraph (16) of this Section, included in the membership of this plan as provided in La. See Louisiana Revised Statutes 11:3682
- system: means the Louisiana State Employees' Retirement System. See Louisiana Revised Statutes 11:3682
Any unclaimed employee contributions, other funds, checks, or any other property held by the system that could be claimed by a member or prior member, the member’s beneficiary, heirs, or estate shall never be presumed abandoned and shall be held continuously by the system for the benefit of such member, prior member, the member’s beneficiary, heirs, or estate.
Acts 1998, 1st Ex. Sess., No. 97, §1, eff. May 5, 1998; Acts 2014, No. 648, §2, eff. July 1, 2015.