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 Repealed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 Repealed by P.L.363-1983, SEC.4.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.] […]
36-8-6-8.1. Determination Whether Disability in Line of Duty
Sec. 8.1. (a) If a local board determines that a fund member has a temporary or a permanent disability, the local board shall also make a recommendation to the board of trustees of the Indiana public retirement system (referred to in this section as “the system board”) concerning whether the disability is: (1) a disability […]
36-8-6-18. Pension Funds Governed by Other Laws
Sec. 18. If a second or third class city maintains a police pension fund that pays a smaller amount to the beneficiary under prior statutes governing the pension fund, this chapter does not increase those amounts. [Pre-Local Government Recodification Citation: 19-1-24-6.] As added by Acts 1981, P.L.309, SEC.55.
36-8-6-9. Retirement Benefits
Sec. 9. (a) Benefits paid under this section are subject to section 1.5 of this chapter. (b) The 1925 fund shall be used to provide a member of the police department who retires from active duty after twenty (20) or more years of active duty an annual pension equal to fifty percent (50%) of the […]
36-8-6-9.5. Reemployment After Retirement
Sec. 9.5. (a) Not less than thirty (30) days after a member retires from a police department covered by this chapter, the member may: (1) be rehired by the same municipality that employed the member as a police officer for a position other than that of a full-time, fully paid police officer; and (2) continue […]