5-10.3-8-15. Allocation of Benefits; Distribution of Death Benefit
Sec. 15. (a) The board may adopt rules to allow a member who designates more than one (1) beneficiary to allocate benefit shares in percentage increments. (b) This subsection applies in the case of a member who dies after June 30, 2013. Notwithstanding a contrary collateral agreement, court order, process, attachment, or levy, the right […]
5-10.3-8-0.1. Application of Certain Amendments to Chapter
Sec. 0.1. The addition of section 13 of this chapter by P.L.191-2002 applies to monthly benefits payable by the public employees’ retirement fund after December 31, 2002. As added by P.L.220-2011, SEC.82.
5-10.3-8-1. Conditions and Computation
Sec. 1. Retirement and Retirement Benefits. The conditions for a member’s retirement and the computation of his retirement benefit are stated in IC 5-10.2-4. As added by Acts 1977, P.L.53, SEC.3.
5-10.3-8-2. State Legislators; Average of Annual Compensation; Computation
Sec. 2. In computing the pension for a member of the general assembly, the average of the annual compensation is the highest compensation which the member received in any one (1) year while engaged in a position covered by the fund in state service, as a teacher, and in service with a political subdivision. As […]
5-10.3-8-3. Retirement Benefit Options
Sec. 3. Retirement Benefit Options. A member may have his retirement benefits paid under the options specified in IC 5-10.2-4-7. As added by Acts 1977, P.L.53, SEC.3.
5-10.3-8-4. Disability Retirement; Conditions; Computation
Sec. 4. Disability Retirement and Disability Retirement Benefit. The conditions for a member’s disability retirement and the computation of his disability retirement benefit are stated in IC 5-10.2-4-6. As added by Acts 1977, P.L.53, SEC.3.
5-10.3-8-5. Claims of Error
Sec. 5. A member may petition the board to correct an error in the determination of the member’s: (1) creditable service; or (2) benefit; at any time. The petition must contain the necessary information to sustain the member’s claim of error. The board shall investigate the claim and, if error is found, shall order the […]
5-10.3-8-6. Death Settlements
Sec. 6. Death Settlements. The conditions for payments upon the death of a member before retirement are stated in IC 5-10.2-3. As added by Acts 1977, P.L.53, SEC.3.
5-10.3-8-7. Re-Employment of Retired Members
Sec. 7. Re-employment of Retired Members. The re-employment of retired members is covered under IC 5-10.2-4. As added by Acts 1977, P.L.53, SEC.3.
5-10.3-8-8. Payment of Retirement Benefit
Sec. 8. Except as provided under IC 5-10.2-4-7(f), the retirement benefit is payable in equal monthly installments. The benefit may not be increased, decreased, revoked or repealed except for error or by action of the general assembly. As added by Acts 1977, P.L.53, SEC.3. Amended by P.L.115-2009, SEC.12.