reglab/housing_qa huggingface dataset:
IN Code § 5-10.4-1-4 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.4. State Teachers' Retirement Fund|Chapter 1. General Provisions|5-10.4-1-4. "Americans With Disabilities Act"

Sec. 4. "Americans with Disabilities Act" refers to the Americans with Disabilities Act (42 U.S.C. 12101 et seq.) and any amendments and regulations related to the Act.[Pre-2006 Education Finance Recodification Citation: 21-6.1-1-1.5.]As added by P.L.2-2006, SEC.28.
IN Code § 5-10.4-1-5 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.4. State Teachers' Retirement Fund|Chapter 1. General Provisions|5-10.4-1-5. "Board"

Sec. 5. "Board" refers to the board of trustees of the Indiana public retirement system established by IC 5-10.5-3-1.[Pre-2006 Education Finance Recodification Citation: 21-6.1-1-1.]As added by P.L.2-2006, SEC.28. Amended by P.L.23-2011, SEC.21.
IN Code § 5-10.4-1-6 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.4. State Teachers' Retirement Fund|Chapter 1. General Provisions|5-10.4-1-6. "Director"

Sec. 6. "Director" refers to the director of the Indiana public retirement system established by IC 5-10.5-2-1.[Pre-2006 Education Finance Recodification Citation: 21-6.1-1-2.5.]As added by P.L.2-2006, SEC.28. Amended by P.L.35-2012, SEC.85.
IN Code § 5-10.4-1-7 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.4. State Teachers' Retirement Fund|Chapter 1. General Provisions|5-10.4-1-7. "Fund"

Sec. 7. "Fund" refers to the Indiana state teachers' retirement fund:(1) established by; and(2) operating under;this article.[Pre-2006 Education Finance Recodification Citation: 21-6.1-1-4.]As added by P.L.2-2006, SEC.28.
IN Code § 5-10.4-1-8 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.4. State Teachers' Retirement Fund|Chapter 1. General Provisions|5-10.4-1-8. "Governing Body"

Sec. 8. "Governing body" means:(1) a board of school commissioners;(2) a metropolitan board of education;(3) a board of trustees; or(4) another board or commission;charged by law with the responsibility of administering the affairs of a school corporation.[Pre-2006 Education Finance Recodification Citation: 21-6.1-1-5.]As added by P.L.2-2006, SEC.28. Amended by P.L.233-2015, SEC.8.
IN Code § 5-10.4-1-9 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.4. State Teachers' Retirement Fund|Chapter 1. General Provisions|5-10.4-1-9. "Member"

Sec. 9. "Member" means a person qualifying for membership in the fund under IC 5-10.4-4-1.[Pre-2006 Education Finance Recodification Citation: 21-6.1-1-6.]As added by P.L.2-2006, SEC.28.
IN Code § 5-10.4-1-10 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.4. State Teachers' Retirement Fund|Chapter 1. General Provisions|5-10.4-1-10. "Member's Contribution"

Sec. 10. "Member's contributions" includes contributions paid by the employer of a member for the member to the fund.[Pre-2006 Education Finance Recodification Citation: 21-6.1-1-6.5.]As added by P.L.2-2006, SEC.28.
IN Code § 5-10.4-1-11 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.4. State Teachers' Retirement Fund|Chapter 1. General Provisions|5-10.4-1-11. "Military Service"

Sec. 11. "Military service" means service in the military, naval, or air service of the United States armed forces.[Pre-2006 Education Finance Recodification Citation: 21-6.1-1-6.8.]As added by P.L.2-2006, SEC.28.
IN Code § 5-10.4-1-12 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.4. State Teachers' Retirement Fund|Chapter 1. General Provisions|5-10.4-1-12. "Pre-1996 Account"

Sec. 12. "Pre-1996 account" refers to the pre-1996 account established within the fund under IC 5-10.4-2-2.[Pre-2006 Education Finance Recodification Citation: 21-6.1-1-6.9.]As added by P.L.2-2006, SEC.28.
IN Code § 5-10.4-1-13 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.4. State Teachers' Retirement Fund|Chapter 1. General Provisions|5-10.4-1-13. "School Corporation"

Sec. 13. "School corporation" means a public school corporation established by and under Indiana law. The term includes any:(1) school city;(2) school town;(3) consolidated school corporation;(4) metropolitan school district;(5) township school corporation;(6) county school corporation;(7) united school corporation; or(8) community school corporation.[Pre-2006 Education Finance Recodification Citation: 21-6.1-1-7.]As added by P.L.2-2006, SEC.28. Amended by P.L.233-2015, SEC.9.
IN Code § 5-10.4-1-15 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.4. State Teachers' Retirement Fund|Chapter 1. General Provisions|5-10.4-1-15. "Transfer"

Sec. 15. "Transfer" includes the acts of selling and assigning.[Pre-2006 Education Finance Recodification Citation: 21-6.1-1-10.]As added by P.L.2-2006, SEC.28.
IN Code § 5-10.4-1-16 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.4. State Teachers' Retirement Fund|Chapter 1. General Provisions|5-10.4-1-16. "Trustee"

Sec. 16. "Trustee" means a member of the board.[Pre-2006 Education Finance Recodification Citation: 21-6.1-1-11.]As added by P.L.2-2006, SEC.28. Amended by P.L.35-2012, SEC.86.
IN Code § 5-10.4-2-1 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.4. State Teachers' Retirement Fund|Chapter 2. Fund|5-10.4-2-1. Establishment of Fund

Sec. 1. (a) The Indiana state teachers' retirement fund is established to be used to pay benefits to teachers and to supervisors of teachers in the public schools after specified years of service and under other specified circumstances.(b) The board is responsible for the control and management of the fund.[Pre-2006 Education Finance Recodification Citation: 21-6.1-2-1.]As added by P.L.2-2006, SEC.28.
IN Code § 5-10.4-2-2 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.4. State Teachers' Retirement Fund|Chapter 2. Fund|5-10.4-2-2. Accounts

Sec. 2. (a) The board shall segregate the fund into the following accounts:(1) The pre-1996 account.(2) The 1996 account.(b) The board shall segregate each of the accounts established under subsection (a) into the following subaccounts:(1) The annuity savings account.(2) The retirement allowance account.(c) Except as provided in subsection (d), member contributions shall be credited to the annuity savings account within the pre-1996 account.(d) Member contributions made after June 30, 1995, with respect to the following members shall be credited to the annuity savings account within the 1996 account:(1) An individual who first became a member of the fund after June 30, 1995.(2) A member who:(A) before July 1, 1995, served in a position covered by the fund; and(B) after June 30, 1995, and before July 1, 2005, was hired by another school corporation or institution covered by the fund or rehired by a prior employer.(3) A member described in subdivision (2) who, after June 30, 2005, is hired by another school corporation or institution covered by the fund or rehired by a prior employer.(e) Member contributions made to the pre-1996 account with respect to a member covered by subsection (d) shall be transferred to the annuity savings account within the 1996 account.(f) Employer contributions made after June 30, 1995, with respect to members described in subsection (d) shall be credited to the retirement allowance account within the 1996 account. Employer contributions made after June 30, 1995, with respect to all other members shall be credited to the retirement allowance account within the pre-1996 account.(g) The board shall administer these accounts and subaccounts as specified in IC 5-10.2-2.[Pre-2006 Education Finance Recodification Citation: 21-6.1-2-2.]As added by P.L.2-2006, SEC.28.
IN Code § 5-10.4-2-2.5 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.4. State Teachers' Retirement Fund|Chapter 2. Fund|5-10.4-2-2.5. Adjustment of Employer Compensation Rate Because of Certain Savings

Sec. 2.5. The board shall adjust the employer contribution rate for the Indiana state teachers' retirement fund to take into account any actuarial savings resulting from the amendment to IC 21-6.1-2-2 (before its repeal, now codified at section 2 of this chapter) by P.L.291-2001.As added by P.L.220-2011, SEC.86.
IN Code § 5-10.4-2-3 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.4. State Teachers' Retirement Fund|Chapter 2. Fund|5-10.4-2-3. Proration of Expenses Among Accounts

Sec. 3. (a) The board shall:(1) prorate the expenses of administration of the fund between the retirement allowance accounts; and(2) pay the prorated expenses from those accounts.(b) The board shall pay the expenses for the administration of the system as provided in IC 5-10.5-6-5.[Pre-2006 Education Finance Recodification Citation: 21-6.1-2-4.]As added by P.L.2-2006, SEC.28. Amended by P.L.35-2012, SEC.87.
IN Code § 5-10.4-2-4 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.4. State Teachers' Retirement Fund|Chapter 2. Fund|5-10.4-2-4. Required Appropriation

Sec. 4. (a) The general assembly shall appropriate an amount from the state general fund that is sufficient to cover the state's actuarial liability for each member covered by the pre-1996 account and for each state employee covered by the 1996 account. The board may reduce this liability by the amount of interest earned on the deposits in the fund. This liability is determined by the actuarial investigation required by IC 5-10.2-2-9.(b) The actuarial investigation and the board shall include in the determination of the liability, contribution rate, and appropriation the amount necessary to fully fund any past and estimated future cost of living increases for members of the pre-1996 account and the 1996 account, amortized over a term determined by the board that does not exceed thirty (30) years. However, after June 30, 2018, the actuarial investigation must incorporate the requirements specified in IC 5-10.2-2-9(d), and the board shall segregate from its determination of contributions and contribution rates any amounts attributable to estimated future postretirement benefit increases, thirteenth checks, or other benefit changes or adjustments granted by the general assembly after June 30, 2018.(c) The board shall:(1) prepare its budget based on this investigation and for other specified expenditures; and(2) submit the budget to the governor or to another officer or committee authorized by law to recommend the necessary appropriation.(d) Each school corporation shall contribute to the 1996 account as specified in IC 5-10.4-7.(e) If members receive compensation from federal funds, the board shall determine the employer's contribution, excluding administrative expenses, at the end of each fiscal year, to be paid from federal funds. The amount shall be determined by a method adopted by the board that results in an equitable sharing of the employer contribution by the federal government on account of members receiving compensation from federal funds.[Pre-2006 Education Finance Recodification Citation: 21-6.1-2-5.]As added by P.L.2-2006, SEC.28. Amended by P.L.111-2015, SEC.3; P.L.127-2018, SEC.10.
IN Code § 5-10.4-2-5 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.4. State Teachers' Retirement Fund|Chapter 2. Fund|5-10.4-2-5. Pension Stabilization Fund

Sec. 5. (a) The pension stabilization fund is established. The pension stabilization fund is a part of the pre-1996 account and shall be administered by the board in accordance with the powers and duties granted to the board by IC 5-10.4-3-10 through IC 5-10.4-3-14, IC 5-10.5-4, and IC 5-10.5-6.(b) The following shall be deposited in the pension stabilization fund:(1) Amounts allocated to the pension stabilization fund by the board from amounts transferred to the Indiana public retirement system under IC 4-30-16-3.(2) A part of the employer reserve balance as determined by the budget director so that the employer reserve is sufficient for the cash flow needs.(3) Other amounts appropriated to the pension stabilization fund by the general assembly.(c) Payments from the pension stabilization fund must equal the pre-1996 account liabilities for the current fiscal year minus the prior year's state general fund payments for the pre-1996 account multiplied by the pension stabilization percentage set forth in subsection (d).(d) The pension stabilization percentage is one hundred six percent (106%). The budget agency, after review by the budget committee and with the approval of the governor, may change the pension stabilization percentage so that the present value of future payments from the fund equal the fund's balance plus the present value of future receipts to the fund, but the payments may not allow the fund balance to be negative.(e) Money in the pension stabilization fund at the end of a state fiscal year does not revert to the state general fund.[Pre-2006 Education Finance Recodification Citation: 21-6.1-2-8.]As added by P.L.2-2006, SEC.28. Amended by P.L.35-2012, SEC.88; P.L.127-2018, SEC.11.
IN Code § 5-10.4-2-5.5 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.4. State Teachers' Retirement Fund|Chapter 2. Fund|5-10.4-2-5.5. Allocation From Pension Stabilization Fund Certain Amounts

Sec. 5.5. The board shall allocate from the pension stabilization fund (IC 21-6.1-2-8, before its repeal, now codified at section 5 of this chapter) to the fund's 1996 account an amount equal to the unfunded liability for individuals who were members of the fund's pre-1996 account before July 1, 1995, (and survivors and beneficiaries of these members) who after June 30, 1995, became members of the Indiana state teachers' retirement fund's 1996 account.As added by P.L.220-2011, SEC.87.
IN Code § 5-10.4-2-6 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.4. State Teachers' Retirement Fund|Chapter 2. Fund|5-10.4-2-6. Allocation of Interest Income

Sec. 6. The board shall do the following:(1) Credit interest to the members' annuity savings accounts in the guaranteed fund (before January 1, 2017), actual earnings to the stable value fund (after December 31, 2016), and actual earnings to the alternative investment programs.(2) After complying with subdivision (1), distribute any remaining undistributed income reserve as of the end of each accounting period as determined by the rules of the board.[Pre-2006 Education Finance Recodification Citation: 21-6.1-2-9.]As added by P.L.2-2006, SEC.28. Amended by P.L.99-2010, SEC.6; P.L.193-2016, SEC.17.
IN Code § 5-10.4-3-7 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.4. State Teachers' Retirement Fund|Chapter 3. Board|5-10.4-3-7. Financial Information; Annualization of Data

Sec. 7. The board shall annually analyze the fund's:(1) income and expenditures;(2) actuarial condition;(3) reserve accounts;(4) investments; and(5) such other data as necessary to interpret the fund's condition and the board's administration of the fund;for internal control purposes.[Pre-2006 Education Finance Recodification Citation: 21-6.1-3-6.1.]As added by P.L.2-2006, SEC.28.
IN Code § 5-10.4-3-9 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.4. State Teachers' Retirement Fund|Chapter 3. Board|5-10.4-3-9. Management of Property

Sec. 9. (a) The board is responsible for the fund's property. The board may take and hold any property given outright or on condition to the fund and shall perform the conditions accepted. Unless restricted by a condition, the board may transfer the property when necessary for the fund's benefit.(b) The board shall receipt:(1) property belonging to or coming into the fund and shall judiciously invest the property; and(2) money coming into the fund and, except as specified in sections 13 and 14 of this chapter, shall deposit the money as authorized by the board.(c) The board shall direct the fund's disbursements on itemized vouchers approved by the president of the board and the director or, in the absence or incapacity of both officers, by another trustee directed by order of the board.[Pre-2006 Education Finance Recodification Citation: 21-6.1-3-8.]As added by P.L.2-2006, SEC.28. Amended by P.L.115-2009, SEC.13.
IN Code § 5-10.4-3-10 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.4. State Teachers' Retirement Fund|Chapter 3. Board|5-10.4-3-10. Investments

Sec. 10. (a) The board shall invest its assets with the care, skill, prudence, and diligence that a prudent person acting in a like capacity and familiar with such matters would use in the conduct of an enterprise of a like character with like aims. The board also shall diversify investments in accordance with prudent investment standards, subject to the limitations and restrictions set forth in IC 5-10.2-2-18.(b) The board may:(1) make or have investigations made concerning investments; and(2) contract for and employ investment counsel to advise and assist in the purchase and sale of securities.(c) The board is not subject to IC 4-13, IC 4-13.6, or IC 5-16 when managing real property as an investment. A management agreement entered into by the board shall ensure that the management agent acts in a prudent manner regarding the purchase of goods and services. Contracts for the management of investment property shall be submitted to the governor, the attorney general, and the budget agency for approval. A contract for the management of real property as an investment:(1) may not exceed a four (4) year term and must be based upon guidelines established by the board;(2) may provide that the property manager may collect rent and make disbursements for routine operating expenses such as utilities, cleaning, maintenance, and minor tenant finish needs;(3) shall establish, consistent with the board's duty under IC 30-4-3-3(c), guidelines for the prudent management of expenditures related to routine operation and capital improvements; and(4) may provide specific guidelines for the board to:(A) purchase new properties;(B) contract for the construction or repair of properties; and(C) lease or sell properties;without individual transactions requiring the approval of the governor, the attorney general, the Indiana department of administration, and the budget agency. However, each individual contract involving the purchase or sale of real property is subject to review and approval by the attorney general at the specific request of the attorney general.(d) Whenever the board takes bids in managing or selling real property, the board shall require a bid submitted by a trust (as defined in IC 30-4-1-1(a)) to identify all the following:(1) Each beneficiary of the trust.(2) Each settlor empowered to revoke or modify the trust.[Pre-2006 Education Finance Recodification Citation: 21-6.1-3-9.]As added by P.L.2-2006, SEC.28.
IN Code § 5-10.4-3-11 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.4. State Teachers' Retirement Fund|Chapter 3. Board|5-10.4-3-11. Compliance With Federal Law

Sec. 11. The board's transactions under section 10 of this chapter are subject to IC 5-10.2-2-1.5.[Pre-2006 Education Finance Recodification Citation: 21-6.1-3-9.1.]As added by P.L.2-2006, SEC.28.
IN Code § 5-10.4-3-12 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.4. State Teachers' Retirement Fund|Chapter 3. Board|5-10.4-3-12. Form of Securities

Sec. 12. Each security may be held in bearer form or registered in the name of:(1) the fund;(2) a nominee created by the board; or(3) a nominee of a custodian bank or safekeeping bank, approved by the board.[Pre-2006 Education Finance Recodification Citation: 21-6.1-3-11.]As added by P.L.2-2006, SEC.28.
IN Code § 5-10.4-3-13 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.4. State Teachers' Retirement Fund|Chapter 3. Board|5-10.4-3-13. Custodial Agreements

Sec. 13. (a) The board may enter into a custodial agreement on terms the board considers in the best interest of the fund with a bank or trust company that is domiciled in the United States and approved by the board to:(1) act in a fiduciary capacity; and(2) manage custodial accounts;on behalf of the fund.(b) The agreement described in subsection (a) may authorize the custodian to:(1) hold the fund's securities and other investments in the name of the fund or a nominee, or in bearer form;(2) collect the income and other receipts from the securities and other investments and deposit them subject to the instructions of the board or the board's representative;(3) reinvest the receipts on the direction of the board or the board's representative;(4) maintain accounting records and prepare reports as may be required for use by the fund and the state board of accounts; and(5) perform other services for the board that are appropriate and customary for the custodian.(c) The custodian is responsible for all securities held in the name of its nominee for the fund.[Pre-2006 Education Finance Recodification Citation: 21-6.1-3-13.]As added by P.L.2-2006, SEC.28. Amended by P.L.90-2008, SEC.3.
IN Code § 5-10.4-3-14 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.4. State Teachers' Retirement Fund|Chapter 3. Board|5-10.4-3-14. Management of Custodial Account

Sec. 14. All income and other receipts from securities may be:(1) collected by the custodian bank or safekeeping bank approved for that purpose by the board and deposited in the custodial account or a checking account of the board;(2) reinvested from the custodial account or checking account when the board determines that the receipts may be safely invested; or(3) withdrawn by the board for the immediate needs of the fund from the checking account or custodial account.[Pre-2006 Education Finance Recodification Citation: 21-6.1-3-15.]As added by P.L.2-2006, SEC.28. Amended by P.L.115-2009, SEC.14.
IN Code § 5-10.4-3-15 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.4. State Teachers' Retirement Fund|Chapter 3. Board|5-10.4-3-15. Conflict of Interest Prohibited

Sec. 15. (a) Except as otherwise provided, a trustee or employee of the board may not have any direct interest in the income of an investment made by the board or may not receive any pay or emolument for services connected with any investment made by the board.(b) The board may purchase a security or financial interest issued or owned by a:(1) custodian bank or trust company; or(2) subsidiary, parent corporation, or holding company of a custodian bank or trust company.(c) A trustee or employee may not become an obligor for money loaned by or borrowed from the fund.[Pre-2006 Education Finance Recodification Citation: 21-6.1-3-18.]As added by P.L.2-2006, SEC.28.
IN Code § 5-10.4-3-16 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.4. State Teachers' Retirement Fund|Chapter 3. Board|5-10.4-3-16. Criminal Penalties

Sec. 16. A person who recklessly violates section 10, 12, 14, or 15 of this chapter is subject to IC 35-44.2-2-4.[Pre-2006 Education Finance Recodification Citation: 21-6.1-3-19.]As added by P.L.2-2006, SEC.28. Amended by P.L.126-2012, SEC.16; P.L.32-2019, SEC.7.
IN Code § 5-10.4-4-0.1 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.4. State Teachers' Retirement Fund|Chapter 4. Fund Membership; Employee Contributions; Creditable Service; Purchase of Service; Fund Withdrawal|5-10.4-4-0.1. Application of Certain Amendments to Chapter

Sec. 0.1. The amendments made to section 8 of this chapter by P.L.201-2007 apply to members of the Indiana state teachers' retirement fund who retire after June 30, 2007.As added by P.L.220-2011, SEC.88.