La. Admin. Code tit. 58, § I-913 - Payment of Contributions after Military Service is Completed

A. The employer shall pay the employer contribution.

B. The amount of contributions is based upon the amount of earnings the employee would have received if still employed. This includes any increases in compensation the employee would have received if he or she had remained in employment during the period of military service. If the employee's compensation varies, such as for legislators, the average monthly earnings for the 12 months preceding the active military service shall be used to determine the amount of contributions.

C. The employer shall determine the amount of earnings that would have been earned and compute the employee and employers contributions that are due.

D. The employee shall pay the employee contributions to the agency. The agency shall remit the employee and employer contributions to LASERS within 30 days after the employee has paid his or her portion. The agency shall provide a monthly breakdown of the earnings and contributions for each member and the certification documents to LASERS.

E. Payment for military service shall be made in accordance with section 414(u) of the Internal Revenue Code.

Notes

La. Admin. Code tit. 58, § I-913

Promulgated by the Department of Treasury, Board of Trustees of the State Employees' Retirement System, LR 22:373 (May 1996), Amended by the Department of Treasury, Board of Trustees of the Louisiana State Employees' Retirement System, LR 431987 (10/1/2017).

AUTHORITY NOTE: Promulgated in accordance with R.S. 29:414 and R.S. 11:515.