5-10.3-11-0.3. Repealed
As added by P.L.220-2011, SEC.83. Repealed by P.L.6-2012, SEC.29.
5-10.3-11-1. Creation; Administration; Revenues
Sec. 1. There is created within the public employees’ retirement fund a separate account known as the pension relief fund. This fund is administered by the board of trustees of the Indiana public retirement system, referred to as the “state board” in this chapter. The pension relief fund consists of revenues received under IC 6-7-1-28.1(4), […]
5-10.3-11-2. Powers and Duties of State Board
Sec. 2. The state board shall: (1) make payments from the pension relief fund; (2) administer the pension relief fund in accordance with the powers and duties granted it in IC 5-10.3-5-3 through IC 5-10.3-5-6, IC 5-10.5-4, and IC 5-10.5-6; and (3) provide by rule and regulation for the implementation of this chapter. [Pre-Local Government […]
5-10.3-11-3. Payments to Units of Local Government; Restriction
Sec. 3. The pension relief fund may be used only for making payments to cities, counties, towns, and townships, referred to as “units of local government” in this chapter, having pension funds established under IC 18-1-12, IC 19-1-18, IC 19-1-24, IC 19-1-25-4, IC 19-1-30, IC 19-1-37, or IC 19-1-44 (all before their repeal), and paying […]
5-10.3-11-4. Certification of Information to State Board; Determination of Total Pension Payments
Sec. 4. (a) Monies from the pension relief fund shall be paid annually by the state board under the procedures specified in this section. (b) Each year, before a date set by the state board, each unit of local government must certify to the state board: (1) the amount of payments made during the preceding […]
5-10.3-11-4.5. Repealed
As added by P.L.47-1988, SEC.1. Amended by P.L.55-1989, SEC.24; P.L.1-1994, SEC.19; P.L.118-2000, SEC.3. Repealed by P.L.146-2008, SEC.814.
5-10.3-11-4.7. Distributions to Units of Local Government
Sec. 4.7. (a) In 2009 and each year thereafter, the state board shall distribute from the pension relief fund to each unit of local government the total amount of pension, disability, and survivor benefit payments from the 1925 police pension fund (IC 36-8-6), the 1937 firefighters’ pension fund (IC 36-8-7), and the 1953 police pension […]
5-10.3-11-5. Annual Report
Sec. 5. At least annually the state board shall report in writing to each affected unit of local government the following information: (1) The projected pension payments for the next twenty (20) years. (2) The present value of the total future projected pension payments. [Pre-Local Government Recodification Citation: 19-1-37.3-4 part.] As added by Acts 1980, […]
5-10.3-11-6. Separate Accounts
Sec. 6. (a) The state board shall maintain separate accounts for each unit of local government for purposes of this section. The accounts are separate and distinct accounts within the public employees’ retirement fund and the pension relief fund. (b) A unit of local government may do the following: (1) Make deposits at any time […]