§ 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).
Disclaimer: Lawrina has made every attempt to ensure the information on this page is accurate, but we cannot guarantee that Section XVIII-301 Definitions is a replica of the current official text. Please use the external links to official resources for the latest version.