La. Admin. Code tit. 58 § XI-303

Current through Register Vol. 50, No. 9, September 20, 2024

Section XI-303 - Creditable Service; Uniformed Services Employment and Reemployment Rights Act

A. If a member takes a leave of absence to serve in the U.S. armed services, the terms of which are governed by the Uniformed Services Employment and Reemployment Rights Act (USERRA), then upon the member's return to employment with the employer within five years from the leave of absence, the member shall be permitted to make the member contributions called for under the system as if the member had continued employment, and if so made, the member shall be given creditable service under the system for that period of time. The member contributions to the system as permitted under this Section shall be made ratably over a period of time equaling the period the member was in the U.S. armed services, but in no event shall such period exceed five years. If the returning member makes the member contribution, the employer shall be required to make an employer contribution to fund the employer's portion of the creditable service given to the returning member. The amount of the member's contribution and the employer's contribution shall be determined by the system's actuary. A member who does not return to employment with his employer shall not be affected by this provision.

La. Admin. Code tit. 58, § XI-303

Promulgated by the Department of the Treasury, Board of Trustees of the Parochial Employees' Retirement System, LR 30:1492 (July 2004).

AUTHORITY NOTE: Promulgated in accordance with R.S. 11:1931.