Sec. 1. The following definitions apply throughout this chapter: (1) “Board” refers to the board of trustees of the Indiana public retirement system. (2) “Employer” means an employer of an employee that may receive a lump sum death benefit under a statute identified in section 2(a) of this chapter. (3) “Fund” refers to the special […]
Sec. 2. (a) The special death benefit fund is established for the purpose of paying lump sum death benefits under the following statutes: (1) IC 5-10-10. (2) IC 5-10-11. (3) IC 10-12-6. (4) IC 36-8-6-20. (5) IC 36-8-7-26. (6) IC 36-8-7.5-22. (7) IC 36-8-8-20. (b) The fund consists of: (1) appropriations by the general assembly; […]
Sec. 2.5. (a) The board shall determine contributions and contribution rates for individual employers or for a group of employers necessary to adequately maintain the fund. (b) The board shall deposit any contributions received under this section in the fund. As added by P.L.99-2020, SEC.3.
Sec. 3. If the amount of money available in the fund during a state fiscal year is insufficient to pay death benefit claims under the statutes specified in section 2(a) of this chapter, there is annually appropriated to the board from the state general fund an amount equal to the deficiency for its purpose in […]
