La. Admin. Code tit. 58 § V-905
Current through Register Vol. 50, No. 11, November 20, 2024
Section V-905 - Calculation of Death BenefitsA. If a death benefit is payable as a result of the death of an eligible participant prior to retirement, the present value of his benefit shall be calculated as if he had retired on the day before he died, except where otherwise indicated in the statute or herein.B. The fund's actuary shall be required and authorized to calculate all benefits payable, in accordance with such assumptions as he shall have incorporated into the fund's actuarial valuations and reports; and the trustees' reliance upon his calculations of the amounts of retirement and death benefits payable shall be conclusive proof of the reasonableness of the trustees' decisions in this regard.La. Admin. Code tit. 58, § V-905
Promulgated by the Board of Trustees of the Firefighters' Pension and Relief Fund for the City of New Orleans and Vicinity, LR 20:183 (February 1994).AUTHORITY NOTE: Promulgated in accordance with R.S. 11:3361 and R.S. 11:3378 et seq.