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.
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.
Sec. 10. Assignment of Benefits. A member or a beneficiary may not assign any payment except for: (1) premiums on a life, hospitalization, surgical, or medical group insurance plan maintained in whole or in part by: (A) a state agency; or (B) any association that proves to the board’s satisfaction that the association has as […]
Sec. 11. (a) The retirement or disability benefit (including the annuity) provided under this chapter at the date of retirement or disability to a member who: (1) has been classified as a federal employee by the Secretary of Agriculture of the United States; (2) was employed after July 1, 1955; and (3) retires after December […]
Sec. 12. (a) The board may stop a member’s, survivor’s, or beneficiary’s benefit if any of the following occur: (1) The member does any of the following while receiving the benefit: (A) Fails to report for a required examination, unless excused by the board. (B) Disobeys the requirements of the board regarding the examination. (C) […]
Sec. 13. (a) The pension portion (plus postretirement increases to the pension portion) provided by employer contributions of the monthly benefit payable to a member of the fund (or to a survivor or beneficiary of a member of the fund) shall be increased beginning on January 1, 2003, by the lesser of: (1) two percent […]
Sec. 14. (a) Except as provided in subsection (d), this section applies to employees of the state who are: (1) members of the fund; and (2) paid by the auditor of state by salary warrants. (b) Except as provided in subsection (d), this section does not apply to the employees of the state employed by: […]
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 […]
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 […]
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.
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.
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 […]
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.
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.
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.
Sec. 9. (a) All benefits, refunds of contributions, and money in the fund are exempt from levy, sale, garnishment, attachment, or other legal process. However, the member’s contributions or benefits, or both, may be transferred to reimburse the member’s employer for loss resulting from the member’s criminal taking of the employer’s property by the board […]
