5-10.3-6-10. Transfer of Assets
Sec. 10. (a) If a political subdivision with a retirement system becomes a participant, the moneys and securities in the retirement system shall be transferred to the fund. If the securities to be transferred are not acceptable to the board, they shall be converted to cash, which shall be transferred to the fund. (b) If […]
5-10.3-6-11. Repealed
As added by Acts 1977, P.L.53, SEC.3. Repealed by P.L.16-1986, SEC.85.
5-10.3-6-7. Collection of Payments
Sec. 7. (a) If the employer or political subdivision fails to make payments required by this chapter, the amount payable may be: (1) withheld by the auditor of state from moneys payable to the employer or subdivision and transferred to the fund or the plan, as applicable; or (2) recovered in a suit in the […]
5-10.3-6-8. Withdrawal of Political Subdivision
Sec. 8. (a) As used in this section, “withdrawing political subdivision” means a political subdivision that takes an action described in subsection (b). (b) Subject to the provisions of this section, a political subdivision may do the following: (1) Stop its participation in the fund and withdraw all of the political subdivision’s employees from participation […]
5-10.3-6-8.2. Freeze in Participation by Political Subdivision
Sec. 8.2. (a) The following definitions apply throughout this section: (1) “Freeze” or “freeze participation in the fund” means to take an action described under subsection (b)(1), (b)(2), or (b)(3). (2) “Freezing political subdivision” means a political subdivision that freezes its participation in the fund. (b) Subject to the provisions of this section, a political […]
5-10.3-6-8.3. Retirement Plans Offered by Political Subdivision That Withdraws From or Freezes Participation in Fund
Sec. 8.3. (a) This section applies to a political subdivision that: (1) either: (A) withdraws from the fund under section 8 of this chapter; or (B) freezes its participation in the fund as described in section 8.2 of this chapter; and (2) chooses thereafter to offer a retirement plan to its employees. (b) Except as […]
5-10.3-6-8.5. Certain State University Employees Involved in Health Care
Sec. 8.5. (a) This section only applies if: (1) certain employees of a state university in a departmental, occupational, or other definable classification involved in health care are terminated from employment with the state university as a result of: (A) a lease or other transfer of university property to a nongovernmental entity; or (B) a […]
5-10.3-6-8.9. State Employee Terminations Resulting From Lease or Contractual Arrangement With Nongovernmental Entity
Sec. 8.9. (a) This section applies when certain employees of the state in particular departmental, occupational, or other definable classifications are terminated from employment with the state as a result of: (1) a lease or other transfer of state property to a nongovernmental entity; or (2) a contractual arrangement with a nongovernmental entity to perform […]
5-10.3-6-9. Participation of Political Subdivision With Retirement System
Sec. 9. Participation of Political Subdivision with Retirement Systems. If a political subdivision has a retirement system for its employees, it must conduct a referendum, at which seventy-five percent (75%) of all active and retired members vote for participation, before it may follow the procedures in this chapter for participation. As added by Acts 1977, […]
5-10.3-6-0.5. “Plan”
Sec. 0.5. As used in this chapter, “plan” refers to the public employees’ defined contribution plan under IC 5-10.3-12. As added by P.L.241-2015, SEC.11.