Computation of regular retirement allowance
Known as the Early Retirement and Payroll Reduction Act
The act spans §§ 11–11 (622 sections).
Added by Acts 1982, No. 718, §1; Acts 1983, No. 37, §1, eff
A. The yearly amount of the retirement allowance for any member covered by R.S. 11:801 shall be equal to two percent of the member's average final compensation multiplied by his years of creditable service.
B. The benefits provided by this Section shall not exceed one hundred percent of average compensation.
Official source: Louisiana State Legislature. Reproduced from public-domain Louisiana statutes; confirm against the official source for the current text. Not legal advice.