5-10.2-11-26. Severability
Sec. 26. The provisions of this chapter are severable in the manner provided under IC 1-1-1-8(b). As added by P.L.177-2016, SEC.1.
5-10.2-12-1. Applicability
Sec. 1. This chapter applies to the supplemental allowance reserve accounts established under the following: (1) IC 2-3.5-3-2(c) (for the legislators’ defined benefit plan). (2) IC 5-10-5.5-4(c) (for the state excise police, gaming agent, gaming control officer, and conservation enforcement officers’ retirement plan). (3) IC 5-10.2-2-2(a)(3) (for the public employees’ retirement fund). (4) IC 5-10.2-2-2(c)(3) […]
5-10.2-12-2. Uses of Money in a Supplemental Allowance Reserve Account
Sec. 2. All amounts in a supplemental allowance reserve account of a fund or plan are available to the board to pay a postretirement benefit increase, thirteenth check, or other benefit change or adjustment granted by the general assembly after June 30, 2018, to members of or participants in that fund or plan. As added […]
5-10.2-12-3. Contribution Rate Surcharge
Sec. 3. (a) For 2019 and each year thereafter, the contribution rate established by the board for each employer shall include a surcharge determined by the board: (1) that is paid to the supplemental allowance reserve account of the applicable fund or plan; and (2) that does not exceed one percent (1%) of the employer’s […]
5-10.2-12-4. Supplemental Allowance Reserve Account; Actuarial Report; Grants of Postretirement Benefits
Sec. 4. (a) In each even-numbered calendar year, beginning in 2018, the board shall present to the interim study committee on pension management oversight (established by IC 2-5-1.3-4) an actuarial report concerning the status of each supplemental allowance reserve account. (b) The general assembly may grant a postretirement benefit increase, thirteenth check, or other benefit […]
5-10.2-11-18. Restricted Business Excluded From Federal Sanctions
Sec. 18. If the United States government affirmatively declares any business on the restricted business list to be excluded from any federal sanctions related to boycott, divest from, or sanction Israel activity, the business is not subject to divestment or investment prohibition under this chapter. As added by P.L.177-2016, SEC.1.
5-10.2-11-19. Exclusion of Indirect Holdings in Actively Managed Investment Funds
Sec. 19. Notwithstanding any provision to the contrary, sections 16 and 17 of this chapter do not apply to indirect holdings in actively managed investment funds. However, if a fund has indirect holdings in an actively managed investment fund containing the securities of restricted businesses, the board shall submit letters to the managers of the […]
5-10.2-11-20. Investment in Private Equity Partnership
Sec. 20. This chapter does not apply directly to private equity funds. However, the board shall ensure that reasonable efforts are made during the due diligence process before an investment is made in a private equity partnership to determine whether any investments by the private equity general partner on behalf of the private equity partnership […]
5-10.2-11-21. Report to General Assembly
Sec. 21. (a) On or before November 1, 2017, and thereafter as directed by the legislative council, the board shall submit a report in an electronic format under IC 5-14-6 to the executive director of the legislative services agency for distribution to the members of the general assembly. (b) The report must include at least […]
5-10.2-11-22. Expiration of Chapter
Sec. 22. This chapter expires on the earliest of the following: (1) Twelve (12) months after the date on which boycott, divest from, or sanction Israel activity ceases. (2) The date on which the United States government revokes any sanctions imposed on persons engaged in boycott, divest from, or sanction Israel activity. (3) The date […]