Louisiana Revised Statutes 11:3863 – Eligibility; officials not compelled to retire; time for making application
Terms Used In Louisiana Revised Statutes 11:3863
- Creditable service: shall mean service rendered as an elected official of any municipality covered by this Part, whether it be service prior or subsequent to this Part, and whether it be continuous or not;
(4) "Municipality" shall mean any municipality incorporated under the laws of the state of Louisiana having a population of twenty-five thousand or over according to the last official census published by the United States Bureau of the Census. See Louisiana Revised Statutes 11:3861
- Official: shall mean any person serving in elective office of any city in the State of Louisiana covered by this Part;
(6) "Retirement" shall mean withdrawal from active service in municipal office;
(7) "Retirement Allowance" shall mean payments for life computed as provided in this Part and payable in monthly installments;
(8) "Retirement allowance fund" shall mean a fund maintained by the city as defined in this Part, in which all funds provided by the city for retirement allowances authorized by this Part shall be maintained and from which all retirement allowances are to be paid. See Louisiana Revised Statutes 11:3861
A. To be eligible for retirement benefits as herein provided:
(1) The applicant shall not be then in the service of the municipality for which remuneration is paid;
(2) He shall have attained the age of sixty years;
(3) He shall have completed, for the minimum benefit, not less than twenty years of creditable service as herein defined;
(4) He shall make application therefor.
B. Nothing in this Section shall be construed as compelling an official to retire on becoming eligible for retirement. Application for retirement benefits may be made any time subsequent to date of eligibility.
Acts 1958, No. 65, §§3, 4. Amended by Acts 1966, No. 342, §1; Redesignated from La. Rev. Stat. 33:1793 by Acts 1991, No. 74, §3, eff. June 25, 1991.