RS 11:723 Members employed in other state employment - Louisiana Statutes

§723.  Members employed in other state employment; exception

A.(1)  Notwithstanding any enrollment error occurring prior to January 1, 1992, any person who is a member of the Teachers' Retirement System of Louisiana, who has creditable membership service of at least five years in this system and who becomes employed in other state or public employment where he is no longer eligible for membership in this system but is eligible for membership in another statewide* retirement system, shall have the right to remain a member of this system in lieu of membership in the other statewide retirement system by filing a notice, in writing, with the board of trustees within sixty days after the effective date of employment.  Such election shall be irrevocable.

(2)  If a member is not informed of his right to remain a member of the Teachers' Retirement System of Louisiana, the system, upon satisfactory proof, including a written verification by the member's new employer that he was not properly informed of his right to retain membership in the system, may allow such member to retain his membership in the Teachers' Retirement System of Louisiana.  Any contributions due the Teachers' Retirement System of Louisiana shall be accepted and processed only in accordance with the provisions of R.S. 11:888.

B.  Notwithstanding any enrollment error occurring prior to January 1, 1993, any person who has five years of service credit in the Teachers' Retirement System of Louisiana, or who has five years of combined service credit in such system and some other state or statewide retirement system, and who joined and is an active contributing member of another statewide retirement system because of a change in state or public employment shall, on January 1, 1998, be allowed for a period of one year from such date to again become a contributing member of the Teachers' Retirement System of Louisiana and be allowed to transfer his service credit in another statewide* retirement system to the Teachers' Retirement System under the provisions of R.S. 11:143.

C.  The provisions of this Section shall not be applicable to employees covered by the Parochial Employees' Retirement System of Louisiana.

Acts 1987, No. 903, §1; Acts 1991, No. 644, §1, eff. July 1, 1991; Redesignated from R.S. 17:593 by Acts 1991, No. 74, §3, eff. June 25, 1991; Acts 1992, No. 843, §1, eff. July 8, 1992; Acts 1993, No. 362, §1, eff. June 3, 1993; Acts 1997, No. 1353, §1, eff. July 1, 1997; Acts 2003, No. 536, §1, eff. July 1, 2003; Acts 2004, No. 631, §1, eff. July 5, 2004.

*As appears in enrolled bill.  The Teachers Retirement System of La. is not a statewide system.