5-10.4-8-3. Application of Annuity Savings Account Provisions; Irs Approval
Sec. 3. Except as otherwise provided in this chapter or by federal law, and subject to the board obtaining any approval from the Internal Revenue Service that the board considers necessary or desirable, the provisions of this article that apply to the annuity savings account apply to an account established under this chapter. As added […]
5-10.4-6-10. Postretirement Increase Payable After December 31, 2004
Sec. 10. (a) The pension portion (plus postretirement increases to the pension portion) provided by employer contributions of the monthly benefit payable after December 31, 2004, to a member of the fund (or to a survivor or beneficiary of a member of the fund) who retired or was disabled: (1) after July 1, 1996, and […]
5-10.4-8-4. Teacher’s Defined Contribution Plan Established
Sec. 4. (a) The teachers’ defined contribution plan is established for the purpose of providing amounts funded by an employer and a member for the use of the member or the member’s beneficiaries or survivors after the member’s retirement. (b) The board shall adopt provisions to implement the plan established under subsection (a) as follows: […]
5-10.4-7-1. Notice to Teachers of Benefits; Requirement to Include Benefits in Contracts
Sec. 1. (a) The administrative officers of a school corporation or other institution covered by the fund shall: (1) notify each person to be employed in a teaching position that the person’s obligations under this article are a condition of employment; and (2) make the obligations a part of the teacher’s contract. (b) Except in […]
5-10.4-7-2. Duty of Teacher to Complete Record Form
Sec. 2. A teacher new to the service, when the teacher first signs a contract, shall complete a record form prescribed by the board. The completed form shall be forwarded to the board. [Pre-2006 Education Finance Recodification Citation: 21-6.1-7-2.] As added by P.L.2-2006, SEC.28.
5-10.4-7-3. Requirement to Deduct Member Contribution From Salary; Report to Member
Sec. 3. (a) Unless the member’s contribution is made on behalf of the member or the member is a retired member who may not make contributions during a period of reemployment as provided under IC 5-10.2-4-8(e), the treasurer of a school corporation, the township trustee, or the appropriate officer of any other institution covered by […]
5-10.4-7-4. Officer’s Bond Required to Cover Failure to Deduct Employee Contribution
Sec. 4. (a) The treasurer of a school corporation, the township trustee, and the appropriate officer of any other institution covered by the fund is liable on the officer’s official bond for failure to deduct, report, and pay the contributions to the board. (b) The board, by an action in its name prosecuted by the […]
5-10.4-7-5. Reports; New Employee Information
Sec. 5. (a) Not later than October 1 of each year, the administrative and executive officers of a school corporation or other institution covered by the fund shall report to the board, on forms furnished by the board, the following information: (1) The members of the fund employed by the school corporation or other institution. […]
5-10.4-7-6. Reports; Member Contributions
Sec. 6. (a) As used in this section, “net contributions” means the gross amount of a member’s contributions minus any refund paid or due a teacher. (b) Not later than January 15, April 15, July 15, and October 15 of each year or an alternate due date established by the rules of the board, the […]
5-10.4-7-7. Reports; Employment Information
Sec. 7. (a) Not later than January 15, April 15, July 15, and October 15 of each year or an alternate due date established by the rules of the board, the treasurer of a school corporation, the township trustee, or the appropriate officer of any other institution covered by the fund shall make a report […]