Louisiana Revised Statutes 11:732 – Prior purchase of military service credit
Terms Used In Louisiana Revised Statutes 11:732
- Employer: means the state of Louisiana, any city, parish, or other local school board, the State Board of Elementary and Secondary Education, any board created by La. See Louisiana Revised Statutes 11:701
- Member: means any teacher included in the membership of the system as provided in Part II of this Chapter. See Louisiana Revised Statutes 11:701
- Retirement: means withdrawal from active service with a retirement allowance granted under the provisions of this Chapter. See Louisiana Revised Statutes 11:701
- Service: means service as a teacher within the meaning of Paragraph (33) of this Section. See Louisiana Revised Statutes 11:701
The employer of any active, contributing member of the Teachers’ Retirement System of Louisiana, who purchased up to four years of military service credit with the system under the provisions of Acts 1972, No. 526,* is hereby authorized to pay the employer’s contribution plus any interest by reimbursing said employee for not more than the amount of the employer’s contribution plus interest that the employee paid to the system to purchase such military service credit. In the event that the employer of a member decides to reimburse the member for payment by the member of the employer’s contribution pursuant to this Section, then the employer shall reimburse all other members who make similar application.
Acts 1985, No. 721, §1, eff. July 16, 1985; Redesignated from La. Rev. Stat. 17:600.4 by Acts 1991, No. 74, §3, eff. June 25, 1991.
{{*NOTE: SEE ACTS 1982, NO. 769, §3 AND La. Rev. Stat. 11:153.}}