La. Admin. Code tit. 58 § XXV-901

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

Section XXV-901 - Collection of Insurance Premiums

A. Health and life insurance premiums may be deducted by MERS from benefit payments issued to retirees and beneficiaries.

B. The premiums collected by MERS will then be transmitted to the participating employer which is responsible for paying the premium to the insurer.

C. Written authorization from participating employers to withhold premiums from their retirees' benefits and transmit those premiums to the employer must be made to MERS.

D. The member or beneficiary must provide written authorization to MERS to initiate the premium deduction and to make any changes to the deduction, other than routine rate changes.

E. Deductions will cease on the first of the month following the payee's death or upon the first of the month following notice of death.

La. Admin. Code tit. 58, § XXV-901

Promulgated by the Department of Treasury, Municipal Employees' Retirement System, LR 482370 (9/1/2022).

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