§502.1. Selection of providers
The Board of Trustees of the Louisiana State Employees' Retirement System shall select no more than three providers with which participants will be authorized to place their contributions in products that shall be selected by the board. In selecting the providers, the board shall consider, among other things, the following:
(1) The tax status of the product.
(2) The portability of the products offered by the providers.
(3) The types of products offered by the providers.
(4) The relation of the costs and benefits as relates to the amount of the contributions to be made pursuant to the provisions of this Subpart.
(5) The ability of the designated provider or providers to provide the rights and benefits under the products.
Acts 1999, No. 1320, §1, eff. July 12, 1999.
NOTE: See Acts 1999, No. 1320, §2(B), relative to termination of the optimal retirement plan.
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