US Lawyer Database

5-10.3-12-12. “Member”

Sec. 12. As used in this chapter, “member” means an individual who has elected or is required to participate in the plan. As added by P.L.22-2011, SEC.2. Amended by P.L.241-2015, SEC.27.

5-10.3-12-13. “Member Contribution Account”

Sec. 13. As used in this chapter, “member contribution subaccount” means the subaccount in a member’s plan account established under section 21(b)(1) of this chapter. As added by P.L.22-2011, SEC.2.

5-10.3-12-14. “Normal Retirement Age”

Sec. 14. As used in this chapter, “normal retirement age” for a member means the member is at least sixty-two (62) years of age with at least five (5) years of participation in the plan. As added by P.L.22-2011, SEC.2. Amended by P.L.66-2013, SEC.1.

5-10.3-12-15. “Plan”

Sec. 15. As used in this chapter, “plan” refers to the public employees’ defined contribution plan established by section 18 of this chapter. As added by P.L.22-2011, SEC.2.

5-10.3-12-2. “Account”

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

5-10.3-12-3. “Annuity Savings Account”

Sec. 3. As used in this chapter, “annuity savings account” means the annuity savings account maintained under IC 5-10.2-2-2(a)(1). As added by P.L.22-2011, SEC.2.

5-10.3-12-1. Applicability of Chapter

Sec. 1. (a) Except as otherwise provided in this section, this chapter applies to the following: (1) An individual who: (A) on or after the effective date of the plan, becomes for the first time a full-time employee of the state: (i) in a position that would otherwise be eligible for membership in the fund […]