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Louisiana Revised Statutes Tit. 11, § 901.16. Reduction of monthly payments

Current as of January 01, 2023 | Updated by Findlaw Staff

If the board of trustees of the teachers' retirement system of Louisiana finds that during any fiscal year the total amount of the benefits provided by this Sub-part exceeds the sum allocated or dedicated or appropriated by this Sub-part out of the state public school fund of Louisiana to pay the cost of the benefits provided by this Sub-part, then the board of trustees shall reduce each monthly payment hereunder for each beneficiary of this Sub-part by a proportionate percentage.

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Cite this article: FindLaw.com - Louisiana Revised Statutes Tit. 11, § 901.16. Reduction of monthly payments - last updated January 01, 2023 | https://codes.findlaw.com/la/revised-statutes/la-rev-stat-tit-11-sect-901-16/

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