Louisiana Revised Statutes 11:807 – Employee contributions
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Terms Used In Louisiana Revised Statutes 11:807
- Earnable compensation: means the compensation earned by a member during the full normal working time as a teacher. 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
Each member covered by La. Rev. Stat. 11:801 shall contribute an amount equal to five percent of his earnable compensation to the retirement system as the employee contribution.
Added by Acts 1982, No. 718, §1; Redesignated from La. Rev. Stat. 17:642.6 by Acts 1991, No. 74, §3, eff. June 25, 1991.