Louisiana Administrative Code
Title 58 - RETIREMENT
Part III - Teachers' Retirement System of Louisiana
Chapter 5 - Deferred Retirement Option Plan (DROP)
Section III-515 - Death of Beneficiary
Universal Citation: LA Admin Code III-515
Current through Register Vol. 50, No. 9, September 20, 2024
A. In the event of the death of a surviving spousal or nonspousal beneficiary, any remaining DROP account balance will be paid to the estate of the beneficiary.
B. DROP accounts will be subject to all Louisiana laws governing community property, inheritance, and estate matters and will be administered in accordance with applicable state laws and orders of the court.
AUTHORITY NOTE: Promulgated in accordance with R.S. 11:739 and R.S. 11:786-791.
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