La. Stat. tit. 9 § 2449.1
Current with changes from the 2024 legislative session effective on or before 7/1/2024, from Acts 2,3, 6-535, and 580-647
Section 9:2449.1 - [Effective 8/1/2024] Revocation upon divorce; deferred compensation plansA. A divorce of an individual from the individual's spouse revokes any benefit payable to the former spouse by reason of the individual's death under any pension, profit-sharing, retirement, or similar benefit plan, provided the divorce occurs after the beneficiary is designated, the parties remained divorced from each other at the time of death, and no judgment or property-settlement agreement expressly provides otherwise. If revocation occurs, the proceeds of the plan are payable as if the former spouse had predeceased the decedent. B. A payor is not liable for having made payment in good faith reliance on the validity of a beneficiary designation affecting any pension, profit-sharing, retirement, or similar benefit plan before the payor has received written notice of the divorce, judgment, or property-settlement agreement at its home office or principal office with notice that the beneficiary designation has been revoked under this Section, and has had a reasonable time within which to act. C. This Section shall not apply to any beneficiary designation made pursuant to the Louisiana Public Retirement Law. Added by Acts 2024, No. 94,s. 1, eff. 8/1/2024.