RS 11:104 Employer contributions; determination date; notification - Louisiana Statutes

§104.  Employer contributions; determination date; notification

A.  The employer contribution rate as referred to in this Subpart shall be determined by the Public Retirement Systems' Actuarial Committee by the fifteenth day of January of each year for those systems that have a fiscal year ending on the thirtieth day of June.  

B.  Within ten business days thereafter, the chairman of the Public Retirement Systems' Actuarial Committee shall notify each employer or retirement system that the referenced rate will be recommended to the legislature for approval, or that the given rate shall be used by the employer or retirement system, whichever is appropriate under the provisions contained in R.S. 11:102 and 103.  

Acts 1991, No. 1038, §1; Acts 1992, No. 958, §1.