Sec. 24. (a) After December 31, 2016, a member may not make contributions to the guaranteed program. (b) For those members who as of December 31, 2016, have designated the guaranteed program as the investment program to receive all or part of the contributions to the member’s annuity savings account, the board shall designate as […]
Sec. 3. (a) The annuity savings account consists of: (1) the members’ contributions; and (2) the interest credits on these contributions in the guaranteed fund (before January 1, 2017), the gain or loss in the balance of the member’s account in the stable value fund (after December 31, 2016), or the gain or loss in […]
Sec. 3.3. Interest credited prior to July 1, 2005, in the annuity savings account of the public employees’ retirement fund to suspended members participating in the guaranteed fund (before its elimination on January 1, 2017) under section 3 of this chapter shall be treated as properly credited. As added by P.L.220-2011, SEC.72. Amended by P.L.193-2016, […]
As added by P.L.217-2017, SEC.55. Amended by P.L.86-2018, SEC.15. Repealed by P.L.212-2018(ss), SEC.13.
Sec. 4.1. (a) This section applies only after December 31, 2016. (b) Except as provided in subsection (e), the market value of the stable value fund program shall be allocated at least annually to the members participating in that program. (c) Except as provided in subsection (e), the market value of each alternative investment program […]
As added by Acts 1977, P.L.53, SEC.2. Repealed by P.L.55-1989, SEC.67.
Sec. 6. (a) The retirement allowance account of the public employees’ retirement fund consists of the retirement fund, exclusive of the annuity savings account and the supplemental allowance reserve account. The retirement allowance account also includes any amounts received under IC 5-10.3-12-24 or IC 5-10.3-12-24.5. For the public employees’ retirement fund, separate accounts within the […]
Sec. 7. (a) When a member retires or dies in service under conditions which entitle a beneficiary or spouse to survivor benefits and if the member or survivor chooses to receive an annuity from the fund, the annuity savings account shall be charged with the amount credited to him in the account. This amount shall […]
Sec. 8. (a) For a member who retires after June 30, 2008, with service in more than one (1) retirement fund, the member may choose at the time the member files an application for retirement benefits whether to retire from the Indiana state teachers’ retirement fund or from the public employees’ retirement fund. The fund […]
Sec. 9. (a) The funds may employ a common actuary or actuarial service. (b) At least once in every five (5) years and in every year in which this article is amended so that benefits are changed, the actuary shall make a separate actuarial investigation for each fund of the mortality, service, and compensation experience […]
