Section 11:803 - Computation of regular retirement allowanceA. The yearly amount of the retirement allowance for any member covered by R.S. 11:801 shall be equal to two percent of the member's average final compensation multiplied by his years of creditable service.B. The benefits provided by this Section shall not exceed one hundred percent of average compensation.La. Consolidated Public Retirement § 11:803
Added by Acts 1982, No. 718, §1; Acts 1983, No. 37, §1, eff. July 1, 1983; Redesignated from R.S. 17:642.2 by Acts 1991, No. 74, §3, eff. June 25, 1991; Acts 1995, No. 577, §1, eff. July 1, 1995.Added by Acts 1982, No. 718, §1; Acts 1983, No. 37, §1, eff. 7/1/1983; Redesignated from R.S. 17:642.2 by Acts 1991, No. 74, §3, eff. 6/25/1991; Acts 1995, No. 577, §1, eff. 7/1/1995.