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Current as of January 01, 2023 | Updated by Findlaw Staff
A. Membership in this system shall cease when a member having less than twenty years of service under this system:
(1) Absents himself from service for more than five years in any period of six consecutive years.
(2) Withdraws his accumulated contributions.
(3) Retires.
(4) Dies.
B. (1) However, any member whose first employment making him eligible for membership in one of the state systems occurred on or before June 30, 2015, who has credit for five or more years of service may withdraw from service and elect to leave his accumulated contributions in the system and, upon reaching age sixty, he shall receive a retirement allowance based on the credits he had at the time of his withdrawal from service.
(2) Any member whose first employment making him eligible for membership in one of the state systems occurred on or after July 1, 2015, who has credit for five or more years of service may withdraw from service and elect to leave his accumulated contributions in the system and, upon reaching age sixty-two, he shall receive a retirement allowance based on the credits he had at the time of his withdrawal from service.
Cite this article: FindLaw.com - Louisiana Revised Statutes Tit. 11, § 726. Termination of membership; withdrawal from service after five years; regular retirement - last updated January 01, 2023 | https://codes.findlaw.com/la/revised-statutes/la-rev-stat-tit-11-sect-726/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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