20-221D 20-221D . . . Stock Bonus Plan Board of Directors has authority to determine which key employees shall be awarded stock bonuses, amounts of bonuses, number of shares of common stock to be awarded, and all other terms and provisions of each bonus. Bonus awards are based on attainment of specified types and combinations of performance measurement criteria, which may differ as to various employees
Louisiana Executive Bonus Plan
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US-CC-20-221D
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FAQ
THE LOUISIANA PUBLIC EMPLOYEES 457(B) DEFERRED COMPENSATION PLAN (PLAN) IS A POWERFUL TOOL TO HELP YOU REACH YOUR RETIREMENT DREAMS. As a supplement to other retirement benefits or savings that you may have, this voluntary Plan allows you to save and invest extra money for retirement?tax deferred!
An employer might be allowed to make deductions as compensation when an employee has wilfully or negligently damaged goods or property belonging to the employer. This is also true when an employee is convicted or has pled guilty to theft of employer funds.
For salaried workers, employers must report the hourly pay rate by dividing the salary (annual / nine month / quarterly / monthly / biweekly / weekly) by the respective number of standard hours (Annual = 2080, Nine Month = 1560, Quarterly = 520, Monthly = 160, Biweekly = 80, weekly = 40).
Filing a Wage Claim or Lawsuit in Louisiana If your employer failed to pay you all of the wages you earned, you can either file a complaint with the Wage and Hour Division of the U.S. Department of Labor or file a lawsuit. Louisiana doesn't have its own state enforcement agency.
The Louisiana Wage Payment Act, La. R.S. 1 (the ?Act?) requires employers to pay employees all wages due upon termination of employment. Furthermore, all wages due must be paid on or before the next regular payday or no later than 15 days following the date of discharge or resignation, whichever occurs first.
The 457(b) plan offers LSU employees one option through the State of Louisiana Deferred Compensation Plan with Empower Retirement. This plan allows employees to defer a pre-tax portion of earnings into a supplemental retirement account. The Roth 457(b) feature provides an additional way to save for retirement.
To be eligible for regular retirement, you must have: 30 years service credit at any age.
Louisiana's pay frequency laws require employers to pay non-exempt employees at least biweekly or semimonthly, on regularly scheduled paydays. For those employers who do not designate paydays, employees must be paid on the 1st and 16th of each month or as near as is practicable.
