TITLE 17. EDUCATION

CHAPTER 2. TEACHERS AND EMPLOYEES

PART IX. ORLEANS PARISH SCHOOL EMPLOYEES RETIREMENT SYSTEM

SUBPART D. METHOD OF FINANCING

17:1076      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.