La. Consolidated Public Retirement § 11:1195
Current with changes from the 2024 Legislative Session
The accrued liability contribution shall be discontinued as soon as the accumulated reserve in the pension accumulation fund equals the present value, as actuarially computed and approved by the board of trustees, of the total liability of such fund less the present value, computed on the basis of the normal contribution rate then in force, of the prospective normal contributions to be received on account of all persons who are at that time members.
La. Consolidated Public Retirement § 11:1195