A member shall receive a retirement equal to three and one-third percent of average compensation for every year of creditable service in the plan, not to exceed one hundred percent of the member's average compensation.
La. R.S. 11:1345.5
Retirement benefit
Known as the Early Retirement and Payroll Reduction Act
The act spans §§ 11-1001 to 11-952.71 (622 sections).
Acts 2010, No. 992, §1, eff
Official source: Louisiana State Legislature. Reproduced from public-domain Louisiana statutes; confirm against the official source for the current text. Not legal advice.