RS 11:1974 Computation of disability benefits - Louisiana Statutes

§1974.  Computation of disability benefits

A.  The board of trustees shall award disability benefits to eligible members who have been officially certified as disabled by the State Medical Disability Board.

B.  The disability benefit shall be determined as follows:

(1)  Upon retirement caused by disability, a member of Plan C shall receive a normal retirement allowance if he is eligible therefor; otherwise, he shall receive a disability benefit which shall consist of (a) an amount equal to two percent of the member's final compensation, multiplied by his years of creditable service; however, for computation purposes, such number of years shall not be considered to be less than fifteen or (b) a retirement benefit which would be payable assuming continued service to the age of sixty years using other current computation factors, whichever of (a) or (b) is less.  In no event shall the benefit exceed one hundred percent of final compensation.

(2)  Upon retirement caused by disability, a member of Plan C may select any of the optional modes of benefit payments provided by R.S. 11:1932.  The computation of any optional benefit payment shall be based upon the option factors the system utilizes for normal retirement and the ages of the member and the option beneficiary, projected to the member's earliest normal retirement age assuming the member remained in continuous service until that time.

Acts 1997, No. 867, §1, eff. July 1, 1997.