Section 11:602 - Eligibility for retirement; benefit calculationA. A member shall be eligible for retirement if he has: (1) Attained at least twenty-five years of service, regardless of age.(2) Attained at least ten years of service, at age sixty or thereafter.B. A member shall receive a maximum retirement allowance equal to three and one-third percent of average compensation for every year of creditable service, not to exceed one hundred percent of the member's average compensation.La. Consolidated Public Retirement § 11:602
Acts 2001, No. 746, §1, eff. Dec. 31, 2001; Acts 2008, No. 259, §1, eff. June 17, 2008; Acts 2010, No. 992, §1, eff. Jan. 1, 2011.Acts 2001, No. 746, §1, eff. 12/31/2001; Acts 2008, No. 259, §1, eff. 6/17/2008; Acts 2010, No. 992, §1, eff. 1/1/2011.