TITLE 17. EDUCATION

CHAPTER 2. TEACHERS AND EMPLOYEES

PART IX. ORLEANS PARISH SCHOOL EMPLOYEES RETIREMENT SYSTEM

SUBPART D. METHOD OF FINANCING

17:1082    Pension reserve account; description of and payment from account

  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.

  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.