LAC 58:XVIII.301

LAC 58:XVIII.301. Definitions

Last amended: 2020Year: 2026Length: 53 wordsOfficial source

Cite as La. Admin. Code tit. 58, pt. XVIII, § 301

A. For the purposes of R.S. 11:2221, the following definitions shall apply. True Annuity—a retirement benefit that is payable in equal, unreduced monthly payments during the member’s lifetime, with no further payments to any other person after the member’s death. This may sometimes be referred to as the maximum benefit or maximum plan.
LAC 58:XVIII.301: LAC 58:XVIII.301. Definitions | Justis AI