RS 11:3695 Direct rollover - Louisiana Statutes

§3695.  Direct rollover

A.  Notwithstanding any other provision of law to the contrary that would otherwise limit a member's election under this Section, a member may elect, at the time and in the manner prescribed by the board of trustees, to have any portion of an eligible rollover distribution paid directly to an eligible retirement plan specified by the member in a direct rollover.

B.  This Section shall apply to all eligible rollover distributions by the system made on or after January 1, 1993.

Acts 1998, 1st Ex. Sess., No. 97, §1, eff. May 5, 1998.