Upon the retirement of a participant, his accumulated contributions shall be transferred from the annuity savings account to the annuity reserve account.
Redesignated from R.S. 17:1075 pursuant to R.S. 24:253.
La. R.S. 11:951.45
Disposition of accumulated contributions upon retirement of employee
Known as the Early Retirement and Payroll Reduction Act
The act spans §§ 11–11 (622 sections).
Official source: Louisiana State Legislature. Reproduced from public-domain Louisiana statutes; confirm against the official source for the current text. Not legal advice.