Accrued liability contributions; crediting to contingency account
Known as the Early Retirement and Payroll Reduction Act
The act spans §§ 11–11 (622 sections).
The accrued liability contribution shall be credited to the surplus and contingency account as soon as the accumulated reserves in the pension accumulation account equals the present value as actuarially computed and approved by the board of trustees.
Redesignated from R.S. 17:1078 pursuant to R.S. 24:253.
Official source: Louisiana State Legislature. Reproduced from public-domain Louisiana statutes; confirm against the official source for the current text. Not legal advice.