Louisiana Administrative Code
Title 58 - RETIREMENT
Part XVII - Registrars of Voters Employees' Retirement System
Chapter 3 - Final Average Compensation
Section XVII-301 - Calculation of Post-Drop Final Average Compensation
Universal Citation: LA Admin Code XVII-301
Current through Register Vol. 50, No. 3, March 20, 2024
A.
1. A
member must work for a three month period post-DROP in order to have the
members final average compensation recalculated for any and all purposes
including but not limited to:
a. calculating
the value of creditable service post-DROP;
b. calculating any leave that is converted
post-DROP; and
c. for all other
actuarial and benefit calculation purposes.
2. Otherwise, the members final average
compensation to be utilized for service, leave, and all other actuarial and
benefit calculation purposes post-DROP shall be the final average compensation
used to calculate the DROP benefit.
AUTHORITY NOTE: Promulgated in accordance with R.S. 11:2093 and R.S. 11:2144(I).
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