Section XVIII-301 - Definitions (Louisiana Code of Regulations)

§ XVIII-301. Definitions

A. For the purposes of R.S. 11:2221, the following definitions shall apply.

True Annuity-a retirement benefit that is payable in equal, unreduced monthly payments during the member's lifetime, with no further payments to any other person after the member's death. This may sometimes be referred to as the maximum benefit or maximum plan.

(Promulgated by the Department of the Treasury, Board of Trustees of the Municipal Police Employees' Retirement System, LR 461106 (August 2020).)

AUTHORITY NOTE: Promulgated in accordance with R.S. 11:2221(N).

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