36-8-6-19. Items Excluded When Computing Benefits; Liability for Overpayment
Sec. 19. (a) Remuneration or allowances for fringe benefits, incentive pay, holiday pay, insurance, clothing, automobiles, firearms, education, overtime, or compensatory time off may not be used in the computation of benefits under this chapter. (b) If the remuneration or allowances described in subsection (a) were used to compute benefits for a recipient who began […]
36-8-6-20. Special Lump Sum Death Benefit in Addition to Other Benefits
Sec. 20. (a) As used in this section, “dies in the line of duty” has the meaning set forth in section 10.1 of this chapter. (b) A special death benefit of one hundred fifty thousand dollars ($150,000) for a fund member who dies in the line of duty before July 1, 2020, and two hundred […]
36-8-6-21. Rollover to Eligible Retirement Plan
Sec. 21. Notwithstanding any other provision of this chapter, to the extent required by Internal Revenue Code Section 401(a)(31), as added by the Unemployment Compensation Amendments of 1992 (P.L.102-318), and any amendments and regulations related to Section 401(a)(31), the 1925 fund shall allow participants and qualified beneficiaries to elect a direct rollover of eligible distributions […]
36-8-6-14. Priority of Claims on Insufficient Funds; Procedure for Making Pension Payments; Exemption of Payments From Judicial Process; Reimbursement of Employers; Withholding Payments
Sec. 14. (a) If there is not sufficient money to the credit of the 1925 fund to pay all claims against it in full, claims arising from the death of members of the department shall be paid in full first with as little delay as possible, after which an equal percentage shall be paid upon […]
36-8-6-6. Investment of Funds
Sec. 6. (a) The local board shall determine how much of the 1925 fund may be safely invested and how much should be retained for the needs of the fund. The investment shall be made: (1) in interest bearing bonds of the United States, the state, or an Indiana municipal corporation. The bonds shall be […]
36-8-6-15. Ineligibility of Certain Employees for Pension Plan
Sec. 15. A pension may not be paid to an employee of the police department who at the time of the employee’s appointment was thirty-six (36) years of age or older, or who failed at that time to pass the medical examination required by the board. However, such a person is exempt from paying or […]
36-8-6-7. Repealed
[Pre-Local Government Recodification Citation: 19-1-24-3 part.] As added by Acts 1981, P.L.309, SEC.55. Repealed by P.L.363-1983, SEC.4.
36-8-6-16. Eligibility of Persons Employed When Fund Established
Sec. 16. (a) Notwithstanding section 15 of this chapter, all employees of the police department at the time a municipality established a 1925 fund, regardless of their age at the time they became members of the department, became members of the 1925 fund and are entitled to all the benefits of it. They shall pay […]
36-8-6-8. Disability Retirement; Benefits; Procedure for Determination of Disability and Reinstatement; Period of Disability Credited
Sec. 8. (a) For a member who became disabled before July 1, 2000, the 1925 fund shall be used to pay a pension in a sum determined by the local board, but not exceeding: (1) for a disability or disease occurring before July 1, 1982, fifty percent (50%); and (2) for a disability or disease […]
36-8-6-17. Discontinuance or Reduction of Benefits; Failure to Comply With Requirements of Local Board; Failure to Report
Sec. 17. If a person who has received a benefit from the 1925 fund fails to report for duty or for examination, or otherwise fails to comply with legal requirements imposed by the local board, the local board may, after notice to the person, discontinue or reduce future payments. [Pre-Local Government Recodification Citation: 19-1-24-5 part.] […]