Sec. 1. (a) Except as provided in IC 5-10.2-4-8(e), each member’s creditable service, for the purpose of computing benefits under this article, consists of all service in a position covered by a retirement fund plus all other service for which the retirement fund law gives credit. (b) No member may be required to pay any […]
Sec. 1.2. (a) A member who has earned at least ten (10) years of service in a position covered by PERF, TRF, or a combination of the two (2) funds may purchase one (1) year of service credit for each five (5) years of service that the member has completed in a position covered by […]
Sec. 10. (a) To the extent permitted by the Internal Revenue Code and the applicable regulations, the fund may accept, on behalf of any member, a rollover distribution from any of the following: (1) A qualified plan described in Section 401(a) or Section 403(a) of the Internal Revenue Code. (2) An annuity contract or account […]
Sec. 2. (a) Subject to IC 5-10.2-2-1.5, as used in this section, “compensation” means: (1) the basic salary earned by and paid to the member; plus (2) the amount that would have been a part of the basic salary earned and paid except for the member’s salary reduction agreement established under Section 125, 403(b), or […]
Sec. 3. (a) This section: (1) does not apply to a retired member who begins a period of reemployment in a covered position more than thirty (30) days after the member’s retirement, except as provided in subdivision (2); or (2) applies to the entire period of reemployment for a retired member of the public employees’ […]
As added by Acts 1977, P.L.53, SEC.2. Repealed by P.L.46-1988, SEC.14.
Sec. 5. (a) A member may suspend the member’s membership in the applicable fund if the member terminates employment and is not currently employed in a covered position with the applicable fund. (b) After five (5) continuous years in which the member performs no service, the member’s membership shall be automatically suspended by the board […]
Sec. 6. (a) After a member is suspended under section 5 of this chapter, the member is entitled to withdraw in a lump sum all or part of the amount of the member’s contributions plus interest credited to the member. (b) Except as provided in subsection (d), the suspended member’s money is to remain in […]
Sec. 6.2. (a) This section applies to a member of the Indiana state teachers’ retirement fund. (b) A member who: (1) has attained vested status in the fund; (2) has terminated employment; (3) has not begun receiving benefits; and (4) is transferring creditable service earned under TRF to another governmental retirement plan under section 1(i) […]
Sec. 6.3. (a) Notwithstanding any other provision in this article, IC 5-10.3, or IC 5-10.4, a member who: (1) has not attained vested status in the fund; (2) is not an active participant in the fund; and (3) is an active participant in a retirement plan established under IC 36-8-10-12; may suspend membership in the […]
Sec. 6.5. (a) After December 31, 2020, a member who meets all of the following requirements may elect to withdraw all or part of the amount in the member’s annuity savings account: (1) The member has terminated employment with the applicable fund and is not currently employed in a covered position for the applicable fund. […]
As added by Acts 1977, P.L.53, SEC.2. Amended by Acts 1978, P.L.24, SEC.1; Acts 1980, P.L.28, SEC.4. Repealed by P.L.55-1989, SEC.67.
As added by P.L.1-1989, SEC.14. Repealed by P.L.4-1990, SEC.22.
As added by P.L.35-1985, SEC.10. Repealed by P.L.55-1989, SEC.67.
Sec. 7.5. (a) This subsection applies to members who die after March 31, 1990, and before January 1, 2007. A surviving dependent or surviving spouse of a member who dies in service is entitled to a survivor benefit if: (1) the member has: (A) at least ten (10) years of creditable service, if the member […]
Sec. 7.6. (a) This section applies to the surviving spouse and the surviving dependent of a member who: (1) dies after June 30, 1996, and before July 1, 2018; (2) has at least thirty (30) years of creditable service; and (3) dies in service in a position covered by the fund. (b) If a member […]
Sec. 8. (a) If a member dies: (1) after March 31, 1990, and before July 1, 2018; (2) while not in service in a position covered by the retirement fund; and (3) while eligible to receive retirement or disability benefits under IC 5-10.2-4-6, but before applying for those benefits; the member’s surviving spouse or surviving […]
Sec. 9. (a) This section applies if the following conditions are met. A member dies: (1) after July 1, 1991; and (2) while receiving or while eligible to receive retirement benefits under IC 5-10.2-4-1 from the fund. (b) As used in this section, “minimum amount” means the entire amount credited to the member’s annuity savings […]
