Louisiana Administrative Code
Title 58 - RETIREMENT
Part I - Louisiana State Employees' Retirement System
Chapter 27 - DROP Program
Subchapter B - "Old" DROP
Section I-2705 - Effects of Participation

Universal Citation: LA Admin Code I-2705

Current through Register Vol. 50, No. 9, September 20, 2024

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.

AUTHORITY NOTE: Promulgated in accordance with R.S. 11:515.

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