La. Admin. Code tit. 58 § XXV-505

Current through Register Vol. 50, No. 12, December 20, 2024

Section XXV-505 - Vested Employees

A. A member who has earned enough service credit to qualify for monthly retirement benefits at their regular retirement age must sign a notarized statement forfeiting their monthly benefits to receive a refund.

B. If the member is married, their spouse must also sign the notarized statement.

C. The notarized statement to be signed by a vested member and legal spouse must state the estimated monthly benefit to which the member is entitled to receive for their lifetime upon reaching retirement age.

La. Admin. Code tit. 58, § XXV-505

Promulgated by the Department of Treasury, Municipal Employees' Retirement System, LR 482369 (9/1/2022).

AUTHORITY NOTE: Promulgated in accordance with R.S. 11:1823.