US Lawyer Database

5-10.3-12-18. Establishment and Administration of Plan; Internal Revenue Service Approval

Sec. 18. (a) The public employees’ defined contribution plan is established for the purpose of providing amounts funded by an employer and a member for the use of the member or the member’s beneficiaries or survivors after the member’s retirement. (b) The board shall adopt provisions to implement the plan established under subsection (a) as […]

5-10.3-12-7. “Effective Date”

Sec. 7. As used in this chapter, “effective date” means the first day of the month that is six (6) months after the month in which the Internal Revenue Service issues an approval of the plan. As added by P.L.22-2011, SEC.2.

5-10.3-12-20. Plan Membership; Election; Fund Membership

Sec. 20. (a) This section applies only to an individual who, on or after the effective date of the plan, becomes for the first time a full-time employee of the state in a position that would otherwise be eligible for membership in the fund under IC 5-10.3-7. (b) An individual to whom this section applies […]

5-10.3-12-8. “Employer”

Sec. 8. As used in this chapter, “employer” means the state or a participating political subdivision. As added by P.L.22-2011, SEC.2. Amended by P.L.241-2015, SEC.26.

5-10.3-12-9. “Employer Contribution Subaccount”

Sec. 9. As used in this chapter, “employer contribution subaccount” means the subaccount in a member’s plan account established under section 21(b)(2) of this chapter. As added by P.L.22-2011, SEC.2.

5-10.3-12-10. “Fund”

Sec. 10. As used in this chapter, “fund” has the meaning set forth in IC 5-10.3-1-3. As added by P.L.22-2011, SEC.2.