Sec. 1. The governor may conduct separate referenda for each of the following retirement systems to determine whether the positions covered by the systems will be included in the agreement: (1) the Indiana state teachers’ retirement fund; (2) the public employees’ retirement fund; (3) each retirement system established by a state educational institution; and (4) […]
Sec. 2. (a) Each referendum shall be conducted in compliance with section 218(d) of the Social Security Act. (b) The governor may designate the board or governing body administering the affairs of each retirement system, or the board of trustees in the case of state educational institutions, as the agency to conduct the referendum for […]
Sec. 3. Referenda for Public Employees’ Retirement Fund. (a) Separate referenda must be conducted for state employees and for employees of each participating political subdivision who are members of the public employees’ retirement fund. (b) Members of the public employees’ retirement fund who are classified as federal employees by the secretary of agriculture of the […]
Sec. 4. Effect of Affirmative Vote in Referenda. (a) If a majority of the employees in a retirement system vote in the affirmative in the referendum, the governor shall: (1) certify to the secretary of health, education and welfare of the United States that the conditions prescribed by the Social Security Act have been met; […]
Sec. 5. Effect of Negative Vote in Referenda. (a) If in a referendum the vote of the majority is negative, no member of the retirement system may be included in a modification of the agreement. (b) A subsequent referendum may be conducted upon the request of the board or governing body. However, no subsequent referendum […]
Sec. 6. (a) The effective date of a modification of the agreement must be determined by resolution of the board of each of the following retirement systems: (1) The applicable pension system administered by the Indiana public retirement system. (2) Any retirement system established by a state educational institution. For political subdivisions the governing body […]
