5-10.4-4-1. Membership
Sec. 1. (a) The members of the fund include: (1) legally qualified and regularly employed teachers in the public schools; (2) persons employed by a governing body, who were qualified before their election or appointment; (3) legally qualified and regularly employed teachers at Ball State University, Indiana State University, University of Southern Indiana, and Vincennes […]
5-10.4-4-2. Creditable Service
Sec. 2. (a) Creditable service is determined under IC 5-10.2-3-1 and this chapter. (b) A member, whether or not the member is employed under a contract, must serve at least: (1) one hundred twenty (120) days in a year; or (2) sixty (60) days in each of two (2) years; to receive one (1) year […]
5-10.4-4-3. Creditable Service Earned Under Prior Law
Sec. 3. (a) Except as provided in subsection (b), a member who served the public schools in a capacity that subsequently was designated by the state as a service for which a license is specified, is eligible to receive service credit for the total length of that service. (b) A member whose service was recognized […]
5-10.4-4-4. Out-of-State Service
Sec. 4. (a) As used in this section, “out-of-state service” means service in any state in a comparable position that would be creditable service if performed in Indiana. The term includes comparable service performed: (1) on a United States military installation; (2) in a federal prison; or (3) at an educational facility operated or supervised […]
5-10.4-4-5. Private Teaching Service
Sec. 5. (a) As used in this section, “private teaching service” means service in Indiana as a teacher in a private school, kindergarten through postsecondary, that would be creditable service if performed in an accredited public school in Indiana. (b) A member may purchase and claim private teaching service credit subject to the following: (1) […]
5-10.4-4-6. Substitute Teaching Service
Sec. 6. (a) As used in this section, “substitute teaching service” means service in Indiana as a substitute teacher that is not covered under section 1(c) of this chapter but is served by a person who has other service that is covered under section 1(a) of this chapter. (b) A member may purchase and claim […]
5-10.4-4-7. Leaves of Absence
Sec. 7. (a) Except as provided in section 8 of this chapter, a member may be given credit for leaves of absence for study, professional improvement, and temporary disability if the leave credit does not exceed one-seventh (1/7) of the total years of service claimed for retirement (referred to as the one-seventh rule). A member […]
5-10.4-4-8. Military Service Credit; Teachers; College Teacher Education; Employees at State Institutions of Higher Learning
Sec. 8. (a) This subsection applies to a member who retires before July 1, 1980. A member who had completed four (4) years of approved college teacher education before voluntary or involuntary induction into the military services is entitled to credit for that service as if the member had begun teaching before the induction. A […]
5-10.4-4-9. Computation of State Liability
Sec. 9. The board shall determine the actuarial liability resulting from the years of service of the members in the fund and shall determine the state’s share of the liability. The board shall distribute the payment of this liability over a period of years that will be equitable to the state and the fund, not […]
5-10.4-4-10. Designation of Beneficiary; Allocation of Benefits
Sec. 10. (a) The director shall obtain a designation of beneficiary as soon as possible from each member. (b) The board may adopt rules to allow a member who designates more than one (1) beneficiary to allocate benefit shares in percentage increments. (c) Notwithstanding a contrary collateral agreement, court order, process, attachment, or levy, the […]