TITLE 11. CONSOLIDATED PUBLIC RETIREMENT SYSTEMS

SUBTITLE II. STATE SYSTEMS

CHAPTER 2. TEACHERS' RETIREMENT SYSTEM OF LOUISIANA

PART VII. METHOD OF FINANCING

 

11:879        Pension reserve fund; description of and payments from fund

 The pension reserve fund shall be the fund in which shall be held the reserves on all annuities and on all pensions granted to retirees and from which such pensions and benefits shall be paid. If a beneficiary, retired on account of disability, is restored to active service the pension reserve thereon shall be transferred from the pension reserve fund to the pension accumulation fund.