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Current as of January 01, 2023 | Updated by Findlaw Staff
A. Upon retirement, a member shall be entitled to receive a service retirement annuity equal to two and two-thirds percent of average salary for each year of total service.
B. A proportional amount of the annual rate of annuity shall be determined and granted for any fractional part of a year of service.
C. The minimum amount of service retirement annuity in any case shall be twenty-five percent of average salary. The maximum service retirement annuity shall be sixty-six and two-thirds percent of average salary.
Cite this article: FindLaw.com - Louisiana Revised Statutes Tit. 11, § 3038. Amount of service retirement annuity - last updated January 01, 2023 | https://codes.findlaw.com/la/revised-statutes/la-rev-stat-tit-11-sect-3038/
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