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 […]
5-10.4-4-11. Member Contributions to Fund
Sec. 11. (a) This section does not apply to a member who is reemployed more than thirty (30) days after the member’s retirement in a position covered by the fund. (b) Each member shall contribute to the fund three percent (3%) of the member’s compensation as set forth in IC 5-10.2-3. However, the member’s employer […]
5-10.4-4-12. Cash Rollover Contributions
Sec. 12. (a) The fund may accept cash rollover contributions from a member who is making payments for additional service credits under this chapter if the following conditions are met: (1) The rollover contribution must represent: (A) all or a part of the member’s interest in a retirement plan of a former employer that is […]
5-10.4-4-13. Withdrawal Provisions
Sec. 13. A member who suspends membership is subject to the withdrawal provisions of IC 5-10.2-3. [Pre-2006 Education Finance Recodification Citation: 21-6.1-4-11.] As added by P.L.2-2006, SEC.28.
5-10.4-4-14. Service Not Related to Governmental Unit; Contribution of Employer Share
Sec. 14. (a) After December 31, 1994, creditable service does not accrue under: (1) this chapter; (2) IC 5-10.2-3-1; (3) IC 20-28-10-1; (4) IC 20-28-10-2; (5) IC 20-28-10-3; or (6) any other law concerning the fund for leave for other educational employment; unless the creditable service is directly related to a governmental unit under Section […]
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 […]