reglab/housing_qa huggingface dataset:
LA Rev Stat § 11:951.21 (2021)
2021 Louisiana Laws|Revised Statutes|Title 11 - Consolidated Public Retirement|§951.21. Actuary; appointment; duties and powers

RS 951.21 - Actuary; appointment; duties and powers A. The board of trustees shall designate an actuary who shall be the technical advisor of the board of trustees on matters regarding the operation of this retirement system, and shall perform such other duties as are required in connection therewith. B. The board of trustees shall keep in convenient form and furnish such data as shall be necessary for actuarial valuation and for checking the experience of this retirement system. Immediately after the establishment of the system the actuary shall make such investigations of the mortality, service, and compensation experience of the participants as are required, and make recommendations for the adoption by the board in accordance with the investigations. The board shall adopt such service and mortality tables as it shall approve, and as soon as practicable thereafter the actuary shall make a valuation based on such tables and rates, of the assets and liabilities of the funds created by this Part. C. Within three years after the first evaluation and at least once in each five-year period thereafter, the actuary shall make an actuarial investigation into the mortality, service, and compensation experience of the participants and beneficiaries of the system, and make a valuation of the prospective assets and liabilities of the system, and taking into account the result of such investigation and valuation, the board of trustees shall: (1) Adopt such mortality, service, and other tables as shall be deemed necessary; and (2) Establish such rates of contribution as it shall deem desirable. D. On the basis of such tables as the board of trustees shall adopt, the actuary shall make a valuation of the assets and liabilities of the system. Redesignated from R.S. 17:1041 pursuant to R.S. 24:253.
LA Rev Stat § 11:951.22 (2021)
2021 Louisiana Laws|Revised Statutes|Title 11 - Consolidated Public Retirement|§951.22. Legal advisor for board of trustees; designation

RS 951.22 - Legal advisor for board of trustees; designation Either the City Attorney for the City of New Orleans or the official attorney of the Orleans Parish School Board shall be the attorney of the board of trustees, unless the board of trustees elects to employ a special attorney. Redesignated from R.S. 17:1042 pursuant to R.S. 24:253.
LA Rev Stat § 11:951.23 (2021)
2021 Louisiana Laws|Revised Statutes|Title 11 - Consolidated Public Retirement|§951.23. Medical board; appointment; duties and powers

RS 951.23 - Medical board; appointment; duties and powers The board of trustees shall designate a medical board to be composed of three physicians from the medical staff of the Orleans Parish School Board. If necessary, other physicians may be employed from time to time. The medical board shall arrange for and pass upon all medical examinations required under the provisions of this Part, shall investigate all essential statements and certificates by or on behalf of a participant in connection with the application for disability retirement, and shall report in writing to the board of trustees its conclusions and recommendations upon all matters referred to it. Redesignated from R.S. 17:1043 pursuant to R.S. 24:253.
LA Rev Stat § 11:951.31 (2021)
2021 Louisiana Laws|Revised Statutes|Title 11 - Consolidated Public Retirement|§951.31. Investment of funds by board of trustees; limitations and restrictions

RS 951.31 - Investment of funds by board of trustees; limitations and restrictions The board of trustees shall be the trustees of all assets or funds of the retirement system and shall have full power to invest and reinvest such assets or funds subject to all the terms, conditions, limitations, and restrictions imposed by laws of the State of Louisiana upon domestic life insurance companies in the making and disposing of their investments; and subject to like terms, conditions, limitations and restrictions, the board of trustees shall have full power to hold, purchase, sell, assign, transfer, and dispose of any of the securities and investments in which any of the assets of this retirement system shall have been invested, as well as the proceeds of these investments and any monies belonging to this retirement system. Redesignated from R.S. 17:1051 pursuant to R.S. 24:253.
LA Rev Stat § 11:951.32 (2021)
2021 Louisiana Laws|Revised Statutes|Title 11 - Consolidated Public Retirement|§951.32. Interest payable to various accounts; determination by board of trustees

RS 951.32 - Interest payable to various accounts; determination by board of trustees Each year the board of trustees shall allow regular interest on the mean amount for the preceding year in each of the accounts with the exception of the expense account. The amounts so allowed shall be due and payable to these accounts and shall be credited annually thereto by the board of trustees from interest and other earnings on the monies of the retirement system. Any additional amount required to meet the interest on the accounts shall be paid from the pension accumulation account, and any excess of earnings over the amount required shall be paid to the pension accumulation account. The per centum rate of regular interest to be compounded annually shall be determined by the board on the basis of the interest earnings of the retirement system for the preceding year and of the probable earnings to be made during the immediate future. Redesignated from R.S. 17:1052 pursuant to R.S. 24:253.
LA Rev Stat § 11:951.33 (2021)
2021 Louisiana Laws|Revised Statutes|Title 11 - Consolidated Public Retirement|§951.33. Cash deposits for payment of pensions, etc., limitations as to amount

RS 951.33 - Cash deposits for payment of pensions, etc., limitations as to amount Available cash, not exceeding ten per centum of the total amount in the several accounts of the retirement system, may be kept on deposit in one or more banks or trust companies organized under the laws of the United States or the State of Louisiana and located in the City of New Orleans, for the purpose of meeting disbursements for pensions, annuities, and other payments. Redesignated from R.S. 17:1053 pursuant to R.S. 24:253.
LA Rev Stat § 11:951.34 (2021)
2021 Louisiana Laws|Revised Statutes|Title 11 - Consolidated Public Retirement|§951.34. Fiscal agents; selection by board of trustees

RS 951.34 - Fiscal agents; selection by board of trustees The board of trustees shall select the bank or banks for the deposit of the funds belonging to the retirement system to be withdrawn on checks signed by the secretary-treasurer and president or vice-president of the board. All notes, bonds, and other securities belonging to the retirement system shall be deposited in one or more safety deposit vaults of one or more banks selected by the board of trustees subject to the joint order of both the secretary-treasurer and the president or vice-president of the board. Redesignated from R.S. 17:1054 pursuant to R.S. 24:253.
LA Rev Stat § 11:951.35 (2021)
2021 Louisiana Laws|Revised Statutes|Title 11 - Consolidated Public Retirement|§951.35. Private interest of trustees and employees in financial operation of system prohibited

RS 951.35 - Private interest of trustees and employees in financial operation of system prohibited Except as otherwise herein provided, no trustee and no employee of the board of trustees shall have any direct interest in the gains or profit of any investment made by the board of trustees, nor as such receive any pay or emolument for his service. No trustee or employee of the board shall directly or indirectly for himself or as an agent in any manner use the name, except to make such current and necessary payments as are authorized by the board of trustees, nor shall any trustee or employee of the board become an endorser or surety or in any manner an obligor for monies loaned or borrowed from the board of trustees. Redesignated from R.S. 17:1055 pursuant to R.S. 24:253.
LA Rev Stat § 11:951.41 (2021)
2021 Louisiana Laws|Revised Statutes|Title 11 - Consolidated Public Retirement|§951.41. Funds to which assets credited

RS 951.41 - Funds to which assets credited All of the assets of the retirement system shall be credited according to the purposes for which they are held to one of the following accounts: the annuity savings account, the annuity reserve account, the pension accumulation account, the pension reserve account, the expense fund account, the surplus and contingency account or any other accounts that the board of trustees may deem necessary. Redesignated from R.S. 17:1071 pursuant to R.S. 24:253.
LA Rev Stat § 11:951.42 (2021)
2021 Louisiana Laws|Revised Statutes|Title 11 - Consolidated Public Retirement|§951.42. Annuity savings account; description; amount of employee contributions

RS 951.42 - Annuity savings account; description; amount of employee contributions A. The annuity savings account is the account to which shall be credited the contributions from the compensation of the participants to provide for their annuities. B. Each employee eligible to participation shall be required to contribute to the retirement system such per centum of his earnable compensation as the board of trustees may from time to time upon recommendation of the actuary adopt, provided that after attaining the normal service retirement age the participant may, by written notice to the board of trustees, elect not to contribute further. Redesignated from R.S. 17:1072 pursuant to R.S. 24:253.
LA Rev Stat § 11:951.43 (2021)
2021 Louisiana Laws|Revised Statutes|Title 11 - Consolidated Public Retirement|§951.43. Method of collecting employee contributions

RS 951.43 - Method of collecting employee contributions A. The Orleans Parish school board shall prepare as a part of each and every pay roll, a roll of contributions and place opposite the name of each and every participant the amount of the regular pay roll contribution payable by him. The Orleans Parish school board shall deduct and retain out of the compensation due to each participant the amount of his pay roll contribution, provided that no such deductions shall be made from those participants who have elected not to contribute after obtaining the normal service retirement age. The sum of the pay roll contributions shall be immediately paid by the Orleans Parish school board to the board of trustees. The contributions obtained by the board of trustees shall then be credited to the annuity savings account. B. These deductions shall be made notwithstanding that the compensation that may be provided for by law for any participant shall be reduced thereby. Every participant shall be deemed to consent and agree to the deductions made and provided for in this Section and shall receipt for his full salary or compensation; and the payment of the salary or compensation less such deductions shall be a full and complete discharge and acquittance of all claims and demands whatsoever for services rendered by such person during the period covered by such payments except as to benefits provided by this Part. Redesignated from R.S. 17:1073 pursuant to R.S. 24:253.
LA Rev Stat § 11:951.44 (2021)
2021 Louisiana Laws|Revised Statutes|Title 11 - Consolidated Public Retirement|§951.44. Disposition of employee contributions upon termination of employment or death of employee

RS 951.44 - Disposition of employee contributions upon termination of employment or death of employee The regular contributions of a participant withdrawn in the event he ceases to be an employee, or paid in the event of his death to his succession or designated beneficiary, shall be paid from the annuity savings account. Redesignated from R.S. 17:1074 pursuant to R.S. 24:253.
LA Rev Stat § 11:951.45 (2021)
2021 Louisiana Laws|Revised Statutes|Title 11 - Consolidated Public Retirement|§951.45. Disposition of accumulated contributions upon retirement of employee

RS 951.45 - Disposition of accumulated contributions upon retirement of employee Upon the retirement of a participant, his accumulated contributions shall be transferred from the annuity savings account to the annuity reserve account. Redesignated from R.S. 17:1075 pursuant to R.S. 24:253.
LA Rev Stat § 11:951.46 (2021)
2021 Louisiana Laws|Revised Statutes|Title 11 - Consolidated Public Retirement|§951.46. Annuity reserve account; description

RS 951.46 - Annuity reserve account; description The annuity reserve account is the account in which shall be held the reserves on all annuities in force and from which shall be paid all annuities, and all benefits in lieu of annuities, payable under provisions of this Part. Should a beneficiary retired on account of disability be restored to active service, the reserve on his annuity shall be transferred from annuity reserve account to the annuity savings account and credited to his individual account therein. Redesignated from R.S. 17:1076 pursuant to R.S. 24:253.
LA Rev Stat § 11:951.47 (2021)
2021 Louisiana Laws|Revised Statutes|Title 11 - Consolidated Public Retirement|§951.47. Pension accumulation account, description; contributions by parish school board, determination

RS 951.47 - Pension accumulation account, description; contributions by parish school board, determination The pension accumulation account is the account to which shall be credited all amounts paid for the purpose of producing reserves for the payment of pensions and other benefits payable from contributions made by the Orleans Parish school board. Contributions to and payable from the pension accumulation account shall be made as follows: (1) On account of each participant there shall be paid annually to the credit of the pension accumulation account by the Orleans Parish school board, for the preceding fiscal year, a per centum of earnable compensation of each participant, not in excess of the per centum contributed by the Orleans Parish school board to any other retirement system or fund of which other employees are participants or members, which payment shall be divided into two parts, one part to be known as the normal contribution and the other part to be known as the accrued liability contribution. The rates per centum of such parts shall be fixed from time to time by the board of trustees, on the basis of the liabilities of the retirement system as shown by actuarial valuations. (2) On the basis of regular interest and of such mortality and other tables as shall be adopted by the board of trustees, the actuary engaged to make the valuations required during the period over which the accrued liability is payable, immediately after making each valuation, shall determine the uniform and constant percentage of the earnable compensation of the average new entrant, which, if contributed on the basis of compensation of such new entrant throughout his entire period of active service would be sufficient to provide for the payment of the retirement allowance and other benefits payable on his account, which are not provided from his contributions to the annuity savings account. The rate per centum so determined shall be certified to the board by the actuary as his recommendation of the rate to be fixed by the board as the normal contribution rate. After the accrued liability has been extinguished, the normal contribution per centum rate of the earnable compensation of all participants shall be determined by the actuary on the basis of the mortality and service tables adopted by the board of trustees, plus regular interest. For the information of the board of trustees, the actuary shall make his recommendation as to the normal rate of contribution after each valuation.   (3) Immediately succeeding the first valuation, the actuary shall compute the total pension liability on account of all participants and beneficiaries which is not dischargeable by the aforesaid normal contribution made on account of such participants during the remainder of their active service. The rate per centum so determined shall be known as the accrued liability contribution rate. Redesignated from R.S. 17:1077 pursuant to R.S. 24:253.
LA Rev Stat § 11:951.48 (2021)
2021 Louisiana Laws|Revised Statutes|Title 11 - Consolidated Public Retirement|§951.48. Accrued liability contributions; crediting to contingency account

RS 951.48 - Accrued liability contributions; crediting to contingency account The accrued liability contribution shall be credited to the surplus and contingency account as soon as the accumulated reserves in the pension accumulation account equals the present value as actuarially computed and approved by the board of trustees. Redesignated from R.S. 17:1078 pursuant to R.S. 24:253.
LA Rev Stat § 11:951.49 (2021)
2021 Louisiana Laws|Revised Statutes|Title 11 - Consolidated Public Retirement|§951.49. Interest, dividends, etc., credited to accumulation account

RS 951.49 - Interest, dividends, etc., credited to accumulation account Any amount earned in the form of interest, dividends, rents or other income received from the investments and reinvestment of the funds of the retirement system, shall be credited to the pension accumulation account. Redesignated from R.S. 17:1079 pursuant to R.S. 24:253.
LA Rev Stat § 11:951.50 (2021)
2021 Louisiana Laws|Revised Statutes|Title 11 - Consolidated Public Retirement|§951.50. Pensions payable from accumulation account; transfers to reserve account

RS 951.50 - Pensions payable from accumulation account; transfers to reserve account A. All pensions payable on account of participants entitled to prior service credit shall be payable from the pension accumulation account. B. Upon the retirement of a participant not entitled to credit for prior service, an amount equal to his pension reserve shall be transferred from the pension accumulation account to the pension reserve account. Redesignated from R.S. 17:1080 pursuant to R.S. 24:253.
LA Rev Stat § 11:951.51 (2021)
2021 Louisiana Laws|Revised Statutes|Title 11 - Consolidated Public Retirement|§951.51. Interest to and deficits in other accounts chargeable to accumulation account

RS 951.51 - Interest to and deficits in other accounts chargeable to accumulation account The interest required to be credited annually to any of the other accounts shall be charged to the pension accumulation account. The board of trustees may transfer from time to time from the pension accumulation account the amount of any deficit which may occur in the annuity reserve account or the pension reserve account, not offset by transfers from the surplus and contingency account. Redesignated from R.S. 17:1081 pursuant to R.S. 24:253.
LA Rev Stat § 11:951.52 (2021)
2021 Louisiana Laws|Revised Statutes|Title 11 - Consolidated Public Retirement|§951.52. Pension reserve account; description of and payment from account

RS 951.52 - Pension reserve account; description of and payment from account A. The pension reserve account is the account in which shall be held the reserves on all pensions granted to participants not entitled to credit for prior service and from which such pensions and benefits in lieu thereof shall be paid. B. Should such a participant retired on account of disability be restored to active service his pension reserve shall be transferred from the pension reserve account to the pension accumulation account. Redesignated from R.S. 17:1082 pursuant to R.S. 24:253.
LA Rev Stat § 11:951.53 (2021)
2021 Louisiana Laws|Revised Statutes|Title 11 - Consolidated Public Retirement|§951.53. Expense fund account; payments to and disbursements from account

RS 951.53 - Expense fund account; payments to and disbursements from account A. The expense fund account is the account to which shall be credited all money provided for the payment of expenses. From this account the expenses of the administration of the retirement system shall be paid, exclusive of amounts payable as retirement allowances and as other benefits provided herein. B. Any surplus in the expense fund account shall be transferred annually to the surplus and contingency account. C. The board of trustees may transfer to the expense fund account from the pension accumulation account, at any time, any amount earned from the investment of the assets of the retirement system in excess of interest at the rate per annum of regular interest on the total assets of the retirement system. Redesignated from R.S. 17:1083 pursuant to R.S. 24:253.
LA Rev Stat § 11:951.54 (2021)
2021 Louisiana Laws|Revised Statutes|Title 11 - Consolidated Public Retirement|§951.54. Surplus and contingency account; description of and amounts credited to account

RS 951.54 - Surplus and contingency account; description of and amounts credited to account A. The surplus and contingency account is the account to which shall be credited, after each actuarial valuation, all surpluses in the annuity savings account, the annuity reserve account, the pension accumulation account, the pension reserve account, and all annual surpluses in the expense fund account. B. After the accrued liability of the retirement system has been extinguished there shall be paid annually into the surplus and contingency account from the contributions of the Orleans Parish School Board the difference between the normal contribution and the total contribution. C. Any donation made absolute shall be credited to this account. D. From the surplus and contingency account may be transferred any monies necessary to offset a deficit that may develop in any other account. Redesignated from R.S. 17:1084 pursuant to R.S. 24:253.
LA Rev Stat § 11:951.55 (2021)
2021 Louisiana Laws|Revised Statutes|Title 11 - Consolidated Public Retirement|§951.55. Other accounts, board's authority to create

RS 951.55 - Other accounts, board's authority to create The board of trustees may maintain such other accounts as it may deem necessary. Redesignated from R.S. 17:1085 pursuant to R.S. 24:253.
LA Rev Stat § 11:951.61 (2021)
2021 Louisiana Laws|Revised Statutes|Title 11 - Consolidated Public Retirement|§951.61. New employees; participation at time of employment

RS 951.61 - New employees; participation at time of employment All persons who become employees of the Orleans Parish School Board after the effective date of the establishment of this Retirement System shall become participants as of the date of their employment. Redesignated from R.S. 17:1101 pursuant to R.S. 24:253.
LA Rev Stat § 11:951.62 (2021)
2021 Louisiana Laws|Revised Statutes|Title 11 - Consolidated Public Retirement|§951.62. Old employees; election to participate

RS 951.62 - Old employees; election to participate All persons who are employees of the Orleans Parish School Board on the effective date of the establishment of this retirement system shall become participants as of that date, unless any such employee files with the board of trustees a notice of his election not to be a participant, and a waiver of all present and prospective benefits which would otherwise inure to him on account of his participation in the system. Redesignated from R.S. 17:1102 pursuant to R.S. 24:253.
LA Rev Stat § 11:951.63 (2021)
2021 Louisiana Laws|Revised Statutes|Title 11 - Consolidated Public Retirement|§951.63. Employees not electing to participate; right to future election

RS 951.63 - Employees not electing to participate; right to future election An employee whose participation in this retirement system is contingent on his own election and who elects not to become a participant may thereafter apply for and be admitted to participation; no such participant shall receive prior service credit, but shall participate on the same basis as a new participant. Redesignated from R.S. 17:1103 pursuant to R.S. 24:253.
LA Rev Stat § 11:951.64 (2021)
2021 Louisiana Laws|Revised Statutes|Title 11 - Consolidated Public Retirement|§951.64. Temporary employees; denial of participation rights

RS 951.64 - Temporary employees; denial of participation rights The board of trustees has discretionary power to deny the right to participate to any employee who is serving on a temporary or other than regular basis, or the board of trustees may make optional with such employees their right to participate. Redesignated from R.S. 17:1104 pursuant to R.S. 24:253.