- A. A participant who revokes the participation agreement as set forth in §311.A may execute a new participation agreement to defer compensation payable no earlier than the payroll period after the election is made, or as soon as administratively practicable, if later, provided such new participation agreement is executed by the participant and accepted by the commission.
- B. A former participant who is rehired after retirement may rejoin the plan as an active participant unless ineligible to participate under other plan provisions.
Authority Note
AUTHORITY NOTE: Promulgated in accordance with R.S. 42:1301-1308 and IRC §457.
Historical Note
HISTORICAL NOTE: Promulgated by the Department of the Treasury, Deferred Compensation Commission, LR 24:1965 (October 1998), amended LR 28:1496 (June 2002), LR 32:121 (January 2006), LR 51:1889 (November 2025).