STATE STATUTES & CODES
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LOUISIANA STATUTES AND CODES
RS 11:121 Creation; purpose
CHAPTER 3. PUBLIC RETIREMENT SYSTEMS'
ACTUARIAL COMMITTEE
§121. Creation; purpose
A. The Public Retirement Systems' Actuarial Committee is hereby created within the Department of the Treasury, effective July 1, 1988.
B. The legislature recognizes that the fiscal integrity of the state and statewide retirement systems and pension plans or funds is a priority and is necessitated by the current financial condition of the systems, plans, or funds. This actuarial committee is created with the intent that a plan can be developed to insure orderly and consistent strategies for continuing development and growth that will attain and maintain the soundness of the systems, plans, or funds. The purpose of this Chapter is to provide an entity to advise and coordinate this ongoing process and to advise the Joint Legislative Retirement Committee of all findings and recommendations.
Acts 1988, No. 81, §2, eff. July 1, 1988.