5-10.4-5-13. Calculation of Benefit; Teaching After Initial Retirement
Sec. 13. IC 5-10.2-4-8 applies to the reemployment of a retired member. [Pre-2006 Education Finance Recodification Citation: 21-6.1-5-16.] As added by P.L.2-2006, SEC.28. Amended by P.L.72-2007, SEC.9; P.L.76-2008, SEC.6; P.L.115-2009, SEC.18.
5-10.4-5-14. Benefits Exempted From Legal Process; Reimbursement of Employers; Withholding of Payments While Charges of Criminal Taking From Employer Pending
Sec. 14. (a) The benefits payable from the fund are exempt from seizure or levy on attachment, supplemental process, and all other processes. However, the member’s contributions or benefits, or both, may be transferred by the board to reimburse the member’s employer for loss resulting from the member’s criminal taking of the employer’s property if […]
5-10.4-5-14.5. Assignment of Benefits
Sec. 14.5. A member’s transfer of a benefit payment is void. However, a member may assign benefits for paying: (1) premiums on a group, life, hospitalization, surgical, or medical insurance plan maintained in whole or in part by a state agency; and (2) dues to any association that proves to the board’s satisfaction that the […]
5-10.4-5-15. Termination of Benefits; Grounds; Limitations
Sec. 15. (a) The board may stop a member’s benefit if the member does any of the following while receiving the benefit: (1) Fails to report for a required examination, unless excused by the board. (2) Disobeys the requirements of the board regarding the examination. (3) Refuses to repay an overpayment of benefits. (b) The […]
5-10.4-5-16. Retirement Before July 1, 1975; Limitations on Reductions in Benefits
Sec. 16. The computation of benefits described in section 2 of this chapter applies to benefits payable on and after July 1, 1975, and includes benefits payable to members who retired or whose employment was terminated before that date. However, a member’s benefits may not be reduced below the amount paid to the member before […]
5-10.4-5-17. Claims of Error
Sec. 17. 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 an error is found, shall order […]
5-10.4-5-5. Prohibition Against Mandatory Retirement Age
Sec. 5. The state or a school corporation may not enforce a mandatory retirement age against members employed in the public schools. [Pre-2006 Education Finance Recodification Citation: 21-6.1-5-6.] As added by P.L.2-2006, SEC.28.
5-10.4-5-6. Eligibility for Retirement Benefits
Sec. 6. A member is eligible for retirement benefits as specified in IC 5-10.2-4. [Pre-2006 Education Finance Recodification Citation: 21-6.1-5-7.] As added by P.L.2-2006, SEC.28.
5-10.4-5-7. Member-Legislators
Sec. 7. (a) As used in this section, “member-legislator” means a member who has at least: (1) twenty (20) years of service credit as a teacher; and (2) ten (10) years of service in the general assembly. (b) Notwithstanding IC 5-10.2-4-3 or IC 5-10.2-4-3.1, in computing the pension for a member-legislator, the average of the […]
5-10.4-5-8. Designation of Retirement Date
Sec. 8. (a) A member who: (1) has ceased employment in the public schools; and (2) is eligible for retirement benefits; shall designate a retirement date as described in IC 5-10.2-4-1. (b) A member who chooses to begin receiving retirement benefits at the time the member ceases employment is entitled to receive the proportionate amount […]