5-10.3-12-30. Member Accounts; Disability Withdrawals; Forms of Payment
Sec. 30. (a) If a member becomes disabled while in a covered position, subject to any federal law limitations concerning qualified plan distributions and the member furnishing proof of the member’s qualification for Social Security disability benefits to the board, to the extent that the member is vested, the member may make a full or […]
5-10.3-12-31. Effect of Reemployment on Plan Participation
Sec. 31. (a) If a member of the plan separates from employment with the member’s employer and later begins employment with the same or a different employer in a position covered by the plan: (1) the member resumes the member’s participation in the plan; and (2) the member is entitled to receive credit for the […]
5-10.3-12-32. Election by State or Participating Political Subdivision to Allow Plan Participation by Retired Reemployed Fund Members
Sec. 32. (a) Notwithstanding section 20 and section 31(b) of this chapter, the state may elect to allow an individual who meets the following conditions to begin or resume membership in the plan for a period of reemployment with the state on the later of the date the board receives notice that the state has […]
5-10.3-12-20.3. Election During July 2016, by First Time State Employee Who Is Fund Member
Sec. 20.3. (a) This section applies to an individual who: (1) is an employee of the state on July 1, 2016; (2) became for the first time, after January 1, 2013, a full-time employee of the state in a position that is eligible for membership in the fund under IC 5-10.3-7; and (3) is a […]
5-10.3-12-20.5. Election by Employee of Political Subdivision to Become Plan Member; Failure to Make Election
Sec. 20.5. (a) This section applies to an individual described in section 1(a)(3) of this chapter who is otherwise eligible to become a member of the plan. (b) An individual described in subsection (a) may elect to become a member of the plan on the date the individual begins the individual’s employment in a covered […]
5-10.3-12-21. Plan; Member Accounts; Rollover Accounts
Sec. 21. (a) The plan consists of the following: (1) Each member’s contributions to the plan under section 23 of this chapter. (2) Contributions made by an employer to the plan on behalf of each member under section 24 or 24.5 of this chapter. (3) Rollovers to the plan by a member under section 29 […]
5-10.3-12-22. Alternative Investment Programs; Stable Value Fund Program; Requirements and Rules; Administrative Fees
Sec. 22. (a) Subject to the board obtaining the approval of the Internal Revenue Service as described in section 18(b) of this chapter, the board shall establish: (1) a stable value fund as the regular investment program for the plan; and (2) alternative investment programs for the plan. (b) The board may adopt requirements and […]
5-10.3-12-23. Member Required Contributions; Additional Contributions; Crediting; Employer Pick-Up and Payment
Sec. 23. (a) This section does not apply to a member of the plan described in section 1(a)(7) of this chapter with respect to the member’s service with a volunteer fire department. (b) Each member’s contribution to the plan is equal to three percent (3%) of the member’s compensation. (c) For a member who is […]
5-10.3-12-24. State Employer Contribution; Contribution Rate Determination; Minimum Rate; Amounts Credited; Electronic Submission of Contributions
Sec. 24. (a) The state shall make employer contributions to the plan based on the rate determined under this section. (b) The state’s contribution rate for the plan is equal to the employer’s contribution rate for the fund as determined by the board under IC 5-10.2-2-11(b). The amount credited from the employer’s contribution rate to […]
5-10.3-12-24.5. Political Subdivision Employer Contribution; Contribution Rate Determination; Amounts Credited; Electronic Submission of Contributions
Sec. 24.5. (a) This section does not apply to a participating political subdivision’s contributions for an individual described in section 1(a)(7) of this chapter with respect to the individual’s service with a volunteer fire department. (b) A participating political subdivision shall make employer contributions to the plan based on the rate determined under this section. […]