Louisiana Administrative Code
Title 58 - RETIREMENT
Part XVIII - Municipal Police Employees' Retirement System
Chapter 3 - Deferred Retirement Option Plan (DROP)
Section XVIII-301 - Definitions

Universal Citation: LA Admin Code XVIII-301

Current through Register Vol. 50, No. 3, March 20, 2024

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.

AUTHORITY NOTE: Promulgated in accordance with R.S. 11:2221(N).

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