LAC 58:I.2705

LAC 58:I.2705. Effects of Participation

Last amended: 1996Year: 2026Length: 88 wordsOfficial source

Cite as La. Admin. Code tit. 58, pt. I, § 2705

A. When a person is in an extended DROP participation period, leave earned during that time can be converted to retirement credit if participation in DROP extends beyond January 1, 1996. B. When a person is in an extended DROP participation period, interest shall not be credited to the DROP account. C. When a member extends their DROP participation period, the monthly amount credited to the DROP account during the original participation period shall be the amount credited to the DROP account during the extended DROP participation period.
LAC 58:I.2705: LAC 58:I.2705. Effects of Participation | Justis AI