5-10.3-6-0.5. “Plan”
Sec. 0.5. As used in this chapter, “plan” refers to the public employees’ defined contribution plan under IC 5-10.3-12. As added by P.L.241-2015, SEC.11.
5-10.3-6-1. Admission to Fund or Plan
Sec. 1. (a) The governing body of a political subdivision may adopt an ordinance or resolution specifying a departmental, occupational, or other definable classification of employees: (1) who are required to become members of the fund; (2) who are required to become members of the plan; or (3) who may each elect whether to become […]
5-10.3-6-1.1. Volunteer Fire Departments; Plan Participation
Sec. 1.1. (a) This section applies to a political subdivision that is served by a volunteer fire department. (b) The following definitions apply throughout this section: (1) “Nominal compensation” has the meaning set forth in IC 36-8-12-2. (2) “Volunteer fire department” has the meaning set forth in IC 36-8-12-2. (c) The governing body of a […]
5-10.3-6-1.5. Authorized Agent in Third Class City or Town
Sec. 1.5. (a) This section applies to a third class city or a town. (b) The clerk-treasurer of a city or town is that city’s or town’s authorized agent for all matters concerning the fund and the plan. As added by P.L.69-1995, SEC.1. Amended by P.L.241-2015, SEC.13.
5-10.3-6-10. Transfer of Assets
Sec. 10. (a) If a political subdivision with a retirement system becomes a participant, the moneys and securities in the retirement system shall be transferred to the fund. If the securities to be transferred are not acceptable to the board, they shall be converted to cash, which shall be transferred to the fund. (b) If […]
5-10.3-6-11. Repealed
As added by Acts 1977, P.L.53, SEC.3. Repealed by P.L.16-1986, SEC.85.
5-10.3-6-2. Preliminary Survey
Sec. 2. The governing body may request a preliminary survey, at its expense as determined by the board, to determine the estimated cost of participation. The board and its actuary shall give an estimate of the costs, the benefits, and other appropriate information. As added by Acts 1977, P.L.53, SEC.3. Amended by P.L.246-2001, SEC.10; P.L.23-2011, […]
5-10.3-6-3. Powers of Governing Body
Sec. 3. Powers of the Governing Body. After a political subdivision becomes a participant, its governing body may make appropriations, make payments, and do all things required by this article. As added by Acts 1977, P.L.53, SEC.3.
5-10.3-6-4. Accounts
Sec. 4. The board shall maintain separate accounts for each contribution rate group. Credits and charges to these accounts shall be made as prescribed in IC 5-10.2-2 and IC 5-10.3-12, as applicable. As added by Acts 1977, P.L.53, SEC.3. Amended by P.L.23-2011, SEC.18; P.L.241-2015, SEC.14.
5-10.3-6-5. Repealed
As added by Acts 1977, P.L.53, SEC.3. Amended by P.L.47-1985, SEC.6; P.L.54-1993, SEC.12. Repealed by P.L.23-2011, SEC.31.
5-10.3-6-6. Appropriations and Payments by School Corporations
Sec. 6. A school corporation shall make the appropriations and payments required of participating political subdivisions from its education fund or operations fund in accordance with the categories of expenditures established under IC 20-42.5-3. As added by Acts 1977, P.L.53, SEC.3. Amended by P.L.238-2019, SEC.6.
5-10.3-6-7. Collection of Payments
Sec. 7. (a) If the employer or political subdivision fails to make payments required by this chapter, the amount payable may be: (1) withheld by the auditor of state from moneys payable to the employer or subdivision and transferred to the fund or the plan, as applicable; or (2) recovered in a suit in the […]
5-10.3-6-8. Withdrawal of Political Subdivision
Sec. 8. (a) As used in this section, “withdrawing political subdivision” means a political subdivision that takes an action described in subsection (b). (b) Subject to the provisions of this section, a political subdivision may do the following: (1) Stop its participation in the fund and withdraw all of the political subdivision’s employees from participation […]
5-10.3-6-8.2. Freeze in Participation by Political Subdivision
Sec. 8.2. (a) The following definitions apply throughout this section: (1) “Freeze” or “freeze participation in the fund” means to take an action described under subsection (b)(1), (b)(2), or (b)(3). (2) “Freezing political subdivision” means a political subdivision that freezes its participation in the fund. (b) Subject to the provisions of this section, a political […]
5-10.3-6-8.3. Retirement Plans Offered by Political Subdivision That Withdraws From or Freezes Participation in Fund
Sec. 8.3. (a) This section applies to a political subdivision that: (1) either: (A) withdraws from the fund under section 8 of this chapter; or (B) freezes its participation in the fund as described in section 8.2 of this chapter; and (2) chooses thereafter to offer a retirement plan to its employees. (b) Except as […]
5-10.3-6-8.5. Certain State University Employees Involved in Health Care
Sec. 8.5. (a) This section only applies if: (1) certain employees of a state university in a departmental, occupational, or other definable classification involved in health care are terminated from employment with the state university as a result of: (A) a lease or other transfer of university property to a nongovernmental entity; or (B) a […]
5-10.3-6-8.9. State Employee Terminations Resulting From Lease or Contractual Arrangement With Nongovernmental Entity
Sec. 8.9. (a) This section applies when certain employees of the state in particular departmental, occupational, or other definable classifications are terminated from employment with the state as a result of: (1) a lease or other transfer of state property to a nongovernmental entity; or (2) a contractual arrangement with a nongovernmental entity to perform […]
5-10.3-6-9. Participation of Political Subdivision With Retirement System
Sec. 9. Participation of Political Subdivision with Retirement Systems. If a political subdivision has a retirement system for its employees, it must conduct a referendum, at which seventy-five percent (75%) of all active and retired members vote for participation, before it may follow the procedures in this chapter for participation. As added by Acts 1977, […]