Louisiana Revised Statutes > Title 17 > Chapter 2 > Part XIII – Purchase of Annuities by School Boards
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| § 17:1315 | Purchase of annuities by school boards for teachers and other school employees; income taxation thereof |
Terms Used In Louisiana Revised Statutes > Title 17 > Chapter 2 > Part XIII - Purchase of Annuities by School Boards
- Accident: means an unexpected or unforeseen actual, identifiable, precipitous event happening suddenly or violently, with or without human fault, and directly producing at the time objective findings of an injury which is more than simply a gradual deterioration or progressive degeneration. See Louisiana Revised Statutes 23:1021
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
- Office: means the office of workers' compensation administration established pursuant to La. See Louisiana Revised Statutes 23:1021