La. Admin. Code tit. 32 § VII-311
Current through Register Vol. 50, No. 11, November 20, 2024
Section VII-311 - RevocationA. A participant may, at any time, revoke his or her deferral authorization by notifying the commission, in writing, on forms acceptable to the commission. Upon the acceptance of such notification, deferrals under the plan shall cease no later than the commencement of the first pay period beginning at least 30 days after acceptance; provided, however, that the commission shall not be responsible for any delay which occurs despite its good faith efforts. In no event shall the revocation of a participant's deferral authorization permit a distribution of deferred compensation, except as provided in §701. A of these rules, and shall be subject to the terms and provisions of the affected investment.B. A participant's request for a distribution in the event of an unforeseeable emergency shall in addition be treated as a request for revocation of deferrals as of a date determined by the commission.La. Admin. Code tit. 32, § VII-311
Promulgated by the Department of the Treasury, Deferred Compensation Commission, LR 24:1965 (October 1998), amended LR 28:1496 (June 2002).AUTHORITY NOTE: Promulgated in accordance with IRC §457 and R.S. 42:1301-1308.