Louisiana Administrative Code
Title 58 - RETIREMENT
Part VII - School Employees Retirement System
Chapter 3 - Interest Rates
Section VII-301 - Interest Rates Charged on Purchases of Service Credit
Universal Citation: LA Admin Code VII-301
Current through Register Vol. 50, No. 9, September 20, 2024
A. All cost computations on and after July 20, 1985 for all active members to gain retirement credit will be done on an 8 percent compound interest rate.
B. The only exceptions to the 8 percent compound interest rate will be credit for active military service, which has a 5 percent compound interest rate in the legislative provision.
C. A review of the interest rate being used will be made in January of each year. Should a change of rate be agreed on after the review, the new rate will become effective July 1 of that same year.
AUTHORITY NOTE: Promulgated in accordance with R.S. 11:1165.
Disclaimer: These regulations may not be the most recent version. Louisiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
