§68.4. Unfunded accrued liability; payment In the event that the establishment or the operation of the St. George Community School District results in the elimination of one or more positions of current members of the Louisiana School Employees' Retirement System by means of privatizing, outsourcing, or contracting the service with a private employer, vendor, or by any other means, the St. George Community School District shall remit that portion of the unfunded accrued liability attributable to that position or positions pursuant to R.S. 11:1195.2.
‹ Prev All Louisiana sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.