reglab/housing_qa huggingface dataset:
IN Code § 2-3.5-3-2 (2021)
2021 Indiana Code|Title 2. General Assembly|Article 3.5. Legislative Retirement Benefits|Chapter 3. Legislators' Retirement System|2-3.5-3-2. Establishment; Content; Funds; Administration

Sec. 2. (a) The legislators' retirement system is established. The system consists of the legislators' defined benefit plan described in IC 2-3.5-4 and the legislators' defined contribution plan described in IC 2-3.5-5.(b) The following funds are established:(1) The fund for the legislators' defined benefit plan.(2) The fund for the legislators' defined contribution plan.Each of the funds shall be administered by the board. Each of the funds is a trust, separate and distinct from all other entities, maintained for the purpose of paying benefits to participants and their beneficiaries and paying the costs associated with administering the plan.(c) Within the fund for the legislators' defined benefit plan established by subsection (b)(1), the board shall maintain a supplemental allowance reserve account for the purpose of paying postretirement benefit adjustments, including postretirement benefit increases, thirteenth checks, and other benefit changes or adjustments granted by the general assembly after June 30, 2018, to members of the legislators' defined benefit plan. The account consists of:(1) amounts allotted to the account by the board from amounts transferred to the Indiana public retirement system under IC 4-30-16-3;(2) amounts appropriated or transferred to the account by the general assembly; and(3) donations, gifts, bequests, and devises made to the account.(d) The board shall adopt rules under IC 4-22-2 necessary for the administration of the plans and funds described in subsections (a), (b), and (c).As added by P.L.6-1989, SEC.1. Amended by P.L.35-2012, SEC.5; P.L.127-2018, SEC.1.
IN Code § 2-3.5-3-4 (2021)
2021 Indiana Code|Title 2. General Assembly|Article 3.5. Legislative Retirement Benefits|Chapter 3. Legislators' Retirement System|2-3.5-3-4. Perf Board; Powers and Duties; Confidentiality of System Records

Sec. 4. (a) The board shall administer the system, which may be commingled for investment purposes with the other funds administered by the board.(b) The board shall:(1) determine eligibility for and make payments of benefits under this chapter, IC 2-3.5-4, and IC 2-3.5-5;(2) in accordance with the powers and duties granted in IC 5-10.3-3-7.1, IC 5-10.3-5-3 through IC 5-10.3-5-6, IC 5-10.5-4, and IC 5-10.5-6, administer the system;(3) provide by rule for the implementation of this chapter, IC 2-3.5-4, and IC 2-3.5-5; and(4) authorize deposits.(c) A determination by the board may be appealed under IC 4-21.5.(d) The powers and duties of:(1) the director and the actuary of the board; and(2) the attorney general;with respect to the fund are those specified in IC 5-10.3-3, IC 5-10.3-4, IC 5-10.5-4, and IC 5-10.5-6.(e) The board may hire additional personnel, including hearing officers, to assist in the implementation of this chapter.(f) Legislators' retirement system records of individual participants and participants' information are confidential, except for the name and years of service of a retirement system participant.As added by P.L.6-1989, SEC.1. Amended by P.L.5-1990, SEC.1; P.L.94-2004, SEC.2; P.L.99-2010, SEC.1; P.L.35-2012, SEC.7.
IN Code § 2-3.5-3-5 (2021)
2021 Indiana Code|Title 2. General Assembly|Article 3.5. Legislative Retirement Benefits|Chapter 3. Legislators' Retirement System|2-3.5-3-5. Rollover of Eligible Distributions

Sec. 5. Notwithstanding any other provision of this article, to the extent required by Internal Revenue Code Section 401(a)(31), as added by the Unemployment Compensation Amendments of 1992 (P.L. 102-318), and any amendments and regulations related to Section 401(a)(31), the legislators' defined benefit plan and the legislators' defined contribution plan shall allow participants and qualified beneficiaries to elect a direct rollover of eligible distributions to another eligible retirement plan.As added by P.L.10-1993, SEC.1.
IN Code § 2-3.5-3-6 (2021)
2021 Indiana Code|Title 2. General Assembly|Article 3.5. Legislative Retirement Benefits|Chapter 3. Legislators' Retirement System|2-3.5-3-6. Administration; Service Credit and Benefits

Sec. 6. (a) Notwithstanding any provision of this article, the legislator's retirement system shall be administered in a manner consistent with the Family and Medical Leave Act of 1993 (29 U.S.C. 2601 et seq.). A member on a leave of absence that qualifies for the benefits and protections afforded by the Family and Medical Leave Act is entitled to receive credit for vesting and eligibility purposes to the extent required by the Family and Medical Leave Act, but is not entitled to receive credit for service for benefit purposes.(b) Notwithstanding any provision of this article, a participant is entitled to service credit and benefits in the amount and to the extent required by the Uniformed Services Employment and Reemployment Rights Act (38 U.S.C. 4301 et seq.).As added by P.L.5-1997, SEC.1.
IN Code § 2-3.5-4-1 (2021)
2021 Indiana Code|Title 2. General Assembly|Article 3.5. Legislative Retirement Benefits|Chapter 4. Legislators' Defined Benefit Plan|2-3.5-4-1. Application

Sec. 1. This chapter applies to each member of the general assembly who:(1) is serving on April 30, 1989; and(2) files an election under IC 2-3.5-3-1(b).As added by P.L.6-1989, SEC.1.
IN Code § 2-3.5-4-2 (2021)
2021 Indiana Code|Title 2. General Assembly|Article 3.5. Legislative Retirement Benefits|Chapter 4. Legislators' Defined Benefit Plan|2-3.5-4-2. Members 65 and Older; Monthly Retirement Benefit; Conditions

Sec. 2. A participant who is at least sixty-five (65) years of age is entitled for the remainder of the participant's life to a monthly retirement benefit computed under section 3 of this chapter, beginning on the date specified by the participant in a written application, if all of the following conditions are met on the date on which the benefit begins:(1) The participant's service as a member of the general assembly is terminated.(2) The participant:(A) has at least ten (10) years of service as a member of the general assembly; or(B) meets the requirements for disability benefits under section 5 of this chapter.(3) The participant is not receiving and is not entitled to receive a salary from the state.(4) The participant is not receiving and has not previously received a reduced monthly retirement benefit under section 4 of this chapter.As added by P.L.6-1989, SEC.1. Amended by P.L.13-2001, SEC.1.
IN Code § 2-3.5-4-3 (2021)
2021 Indiana Code|Title 2. General Assembly|Article 3.5. Legislative Retirement Benefits|Chapter 4. Legislators' Defined Benefit Plan|2-3.5-4-3. Monthly Retirement Benefit; Computation

Sec. 3. The monthly retirement benefit payable for life to a participant who is eligible under section 2 of this chapter is the lesser of:(1) forty dollars ($40) multiplied by the total years of service completed by the participant as a member of the general assembly before November 8, 1989; or(2) the highest consecutive three (3) year average annual salary of the participant attributable to the participant's service as a legislator, as reported on the participant's W-2 federal income tax withholding statement and determined without regard to any salary reduction agreement established under Section 125 of the Internal Revenue Code, at the date the participant's service as a member of the general assembly is terminated, divided by twelve (12).As added by P.L.6-1989, SEC.1. Amended by P.L.5-1992, SEC.2; P.L.4-1992, SEC.3.
IN Code § 2-3.5-4-4 (2021)
2021 Indiana Code|Title 2. General Assembly|Article 3.5. Legislative Retirement Benefits|Chapter 4. Legislators' Defined Benefit Plan|2-3.5-4-4. Participants 55 and Older; Reduced Monthly Retirement Benefit; Computation

Sec. 4. (a) A participant who is at least fifty-five (55) years of age is entitled, for the remainder of the participant's life, to a reduced monthly retirement benefit computed under subsection (b), beginning on the date specified by the participant in a written application, if all of the following conditions are met on the date on which the benefit begins:(1) The participant's service as a member of the general assembly is terminated.(2) The participant has at least ten (10) years of service as a member of the general assembly.(3) The participant is not receiving and is not entitled to receive a salary from the state.(b) The reduced monthly benefit payable for life to a participant eligible under this section is the benefit calculated under section 3 of this chapter, multiplied by a percentage determined as follows:STEP ONE: From seven hundred eighty (780) months, which equals sixty-five (65) years, subtract the age of the participant at the participant's retirement date expressed in whole months (retirement age in months) and obtain a remainder (X).STEP TWO:(A) If the remainder (X) is less than or equal to sixty (60), multiply the remainder (X) times one-tenth percent (0.1%) and obtain a product (Y).(B) If the remainder (X) is greater than sixty (60), multiply five-twelfths percent (5/12%) times the difference obtained by subtracting sixty (60) from the remainder (X) and obtain a product. Add to this six percent (6%) and obtain a sum (Y).STEP THREE: From one hundred percent (100%) subtract the appropriate (Y). This equals the percentage used to determine the reduced monthly benefit.As added by P.L.6-1989, SEC.1. Amended by P.L.13-2001, SEC.2.
IN Code § 2-3.5-4-4.1 (2021)
2021 Indiana Code|Title 2. General Assembly|Article 3.5. Legislative Retirement Benefits|Chapter 4. Legislators' Defined Benefit Plan|2-3.5-4-4.1. Monthly Retirement Benefit; Conditions

Sec. 4.1. (a) This section applies to a participant who:(1) is at least fifty-five (55) years of age and whose years of service as a member of the general assembly plus years of age are equal to at least eighty-five (85); or(2) is at least sixty (60) years of age and has at least fifteen (15) years of service as a member of the general assembly.(b) A participant who is described in subsection (a) is entitled, for the remainder of the participant's life, to a monthly retirement benefit calculated under section 3 of this chapter, if all of the following conditions are met on the date on which the benefit begins:(1) The participant's service as a member of the general assembly is terminated.(2) The participant has at least ten (10) years of service as a member of the general assembly.(3) The participant is not receiving and is not entitled to receive a salary from the state.(c) A participant who receives a benefit under this section is not entitled to a benefit under section 4 of this chapter.As added by P.L.10-1995, SEC.1. Amended by P.L.13-2001, SEC.3.
IN Code § 2-3.5-4-5 (2021)
2021 Indiana Code|Title 2. General Assembly|Article 3.5. Legislative Retirement Benefits|Chapter 4. Legislators' Defined Benefit Plan|2-3.5-4-5. Disabled Participant; Benefits; Transcripts, Records, and Other Materials

Sec. 5. (a) Except as provided in subsection (b), a participant who becomes disabled while in active service as a member of the general assembly may retire for the duration of the disability, beginning on the date specified by the participant in a written application, if:(1) the participant has at least five (5) years of service;(2) the participant has qualified for Social Security disability benefits and has furnished proof of the Social Security qualification to the board; and(3) at least one (1) time each year until the participant becomes sixty-five (65) years of age, a representative of the board verifies the continued disability.For the purposes of this section, a participant who has qualified for disability benefits under the federal civil service system is considered to have met the requirement of subdivision (2) if the participant furnishes proof of the qualification to the board.(b) Benefits may not be provided under this chapter for a disability:(1) resulting from an intentionally self-inflicted injury of attempted suicide while sane or insane; or(2) resulting from the participant's commission or attempted commission of a felony.(c) The disability benefit provided under this section is equal to the benefit computed under section 3 of this chapter.(d) To the extent required by the Americans with Disabilities Act, the transcripts, records, and other material generated to prove that an individual is qualified for disability benefits under this section shall be:(1) kept in separate medical files for each member; and(2) treated as confidential medical records.As added by P.L.6-1989, SEC.1. Amended by P.L.4-1992, SEC.4.
IN Code § 2-3.5-4-6 (2021)
2021 Indiana Code|Title 2. General Assembly|Article 3.5. Legislative Retirement Benefits|Chapter 4. Legislators' Defined Benefit Plan|2-3.5-4-6. Surviving Spouse; Benefits

Sec. 6. (a) The surviving spouse of a participant who:(1) dies; and(2) on the date of death:(A) was receiving benefits under this chapter;(B) had completed at least ten (10) years of service as a member of the general assembly; or(C) had a permanent disability and was receiving benefits under section 5 of this chapter;is entitled, regardless of the participant's age, to the benefit prescribed by subsection (b).(b) The surviving spouse is entitled to a benefit for life equal to fifty percent (50%) of the amount of retirement benefit that:(1) the participant was receiving at the time of death; or(2) the participant would have been entitled to receive at fifty-five (55) years of age, or at the date of death, whichever is later.As added by P.L.6-1989, SEC.1. Amended by P.L.99-2007, SEC.2.
IN Code § 2-3.5-4-7 (2021)
2021 Indiana Code|Title 2. General Assembly|Article 3.5. Legislative Retirement Benefits|Chapter 4. Legislators' Defined Benefit Plan|2-3.5-4-7. Dependent Children; Benefits

Sec. 7. (a) If a participant's spouse would have qualified for a benefit under section 6 of this chapter, but the spouse does not survive the participant, the dependent child of the participant is, upon the death of the participant, entitled to the same benefit the participant's spouse would have received under section 6 of this chapter.(b) If a surviving spouse of a decedent participant dies while receiving benefits under section 6 of this chapter, and a dependent child of both the surviving spouse and the decedent participant survives them, that dependent child is entitled to receive the same benefit the spouse was receiving under section 6 of this chapter.(c) If there is more than one (1) dependent child qualified for the benefit under subsection (a) or (b), the dependent children are entitled to share the monthly benefit equally.(d) Each dependent child is entitled to receive the child's share until the child becomes eighteen (18) years of age or during the entire period of the child's physical or mental disability (using disability guidelines established by the Social Security Administration), whichever period is longer.As added by P.L.6-1989, SEC.1.
IN Code § 2-3.5-4-8 (2021)
2021 Indiana Code|Title 2. General Assembly|Article 3.5. Legislative Retirement Benefits|Chapter 4. Legislators' Defined Benefit Plan|2-3.5-4-8. Manner of Payment; Application for Benefits; Termination

Sec. 8. (a) All benefits payable under this chapter shall be paid in equal monthly installments. The date on which payments begin must be the first day of a month and must be after the date on which the participant's service as a member of the general assembly is terminated.(b) Retirement dates specified by a participant under sections 2, 4, and 5 of this chapter may not be more than six (6) months before the date the retirement application is received by the board.(c) All applications for benefits under this chapter must be made on forms provided by the board.(d) If a participant who is receiving retirement benefits under this chapter again becomes a member of the general assembly, the participant's retirement benefit shall stop. Upon the participant's subsequent retirement or death, the participant's benefits shall be recalculated on an actuarial basis, taking into account:(1) benefit payments previously received; and(2) the date of subsequent termination of employment as a member of the general assembly.As added by P.L.6-1989, SEC.1.
IN Code § 2-3.5-4-9 (2021)
2021 Indiana Code|Title 2. General Assembly|Article 3.5. Legislative Retirement Benefits|Chapter 4. Legislators' Defined Benefit Plan|2-3.5-4-9. Actuarial Valuation; Annual Determinations

Sec. 9. (a) Based on an actuarial valuation, the board shall annually determine:(1) the normal contribution;(2) the unfunded accrued liability of the defined benefit fund, which is the amount by which the defined benefit plan's total accrued liability exceeds the fund's total assets; and(3) the payments necessary to amortize the unfunded accrued liability over a term determined by the board that does not exceed thirty (30) years.(b) After June 30, 2018, the board shall segregate from its determination of the contribution under subsection (a) any amounts attributable to the estimated future postretirement benefit increases, thirteenth checks, or other benefit changes or adjustments granted by the general assembly after June 30, 2018.As added by P.L.6-1989, SEC.1. Amended by P.L.111-2015, SEC.1; P.L.127-2018, SEC.2.
IN Code § 2-3.5-4-10 (2021)
2021 Indiana Code|Title 2. General Assembly|Article 3.5. Legislative Retirement Benefits|Chapter 4. Legislators' Defined Benefit Plan|2-3.5-4-10. Biennial Appropriations

Sec. 10. (a) For purposes of this chapter, there is appropriated for each biennium the following sums of money:(1) From the state general fund, the amount required to actuarially fund participants' retirement benefits under this chapter, as determined by the board on the recommendation of an actuary.(2) From the defined benefit fund, the amount required for administration of this chapter.(b) The biennial appropriation provided in this section shall be credited to the defined benefit fund annually in equal installments in the month of July of each year of the biennium.As added by P.L.6-1989, SEC.1.
IN Code § 2-3.5-4-11 (2021)
2021 Indiana Code|Title 2. General Assembly|Article 3.5. Legislative Retirement Benefits|Chapter 4. Legislators' Defined Benefit Plan|2-3.5-4-11. Exemptions; Criminal Taking of State Property

Sec. 11. All benefits and assets in the defined benefit fund are exempt from levy, sale, garnishment, attachment, or other legal process. However, a participant's benefits may be transferred to reimburse the state for loss resulting from the participant's criminal taking of state property if the board receives adequate proof of the loss. The loss must be proven by conviction of a felony or misdemeanor.As added by P.L.6-1989, SEC.1.
IN Code § 2-3.5-4-12 (2021)
2021 Indiana Code|Title 2. General Assembly|Article 3.5. Legislative Retirement Benefits|Chapter 4. Legislators' Defined Benefit Plan|2-3.5-4-12. Assignment of Benefits

Sec. 12. A participant or beneficiary may not assign any payment under this chapter except for:(1) premiums on a life, hospitalization, surgical, or medical group insurance plan maintained in whole or in part by a state agency; and(2) dues to an association that proves to the board's satisfaction that the association has as members at least twenty percent (20%) of the retired participants in the legislators' defined benefit plan.As added by P.L.6-1989, SEC.1.
IN Code § 2-3.5-4-13 (2021)
2021 Indiana Code|Title 2. General Assembly|Article 3.5. Legislative Retirement Benefits|Chapter 4. Legislators' Defined Benefit Plan|2-3.5-4-13. Benefit Increases Payable After June 30, 1992; Calculation

Sec. 13. Subject to IC 2-3.5-3-3(7), the monthly benefit payable under this chapter after June 30, 1992, to participants, survivors, and beneficiaries shall be increased by the same percentages and under the same conditions as monthly benefits are increased under IC 5-10.2-5 for members of the public employees' retirement fund and their survivors and beneficiaries.As added by P.L.6-1992, SEC.1.
IN Code § 2-3.5-5-1 (2021)
2021 Indiana Code|Title 2. General Assembly|Article 3.5. Legislative Retirement Benefits|Chapter 5. Legislators' Defined Contribution Plan|2-3.5-5-1. Application

Sec. 1. This chapter applies to:(1) each member of the general assembly who is serving on April 30, 1989, and who files an election under IC 2-3.5-3-1(b); and(2) each member of the general assembly who is elected or appointed after April 30, 1989.As added by P.L.6-1989, SEC.1.
IN Code § 2-3.5-5-2 (2021)
2021 Indiana Code|Title 2. General Assembly|Article 3.5. Legislative Retirement Benefits|Chapter 5. Legislators' Defined Contribution Plan|2-3.5-5-2. Defined Contribution Fund; Content

Sec. 2. (a) The defined contribution fund consists of the following:(1) Each participant's contributions to the fund.(2) Contributions made to the fund on behalf of the participants under:(A) section 5 of this chapter (before its repeal on January 1, 2009); or(B) after December 31, 2008, section 5.5 of this chapter.(3) Amounts transferred to the fund under subsections (b) and (c).(4) All gifts, grants, devises, and bequests in money, property, or other form made to the fund.(5) All earnings on investments or on deposits of the funds.(6) All contributions or payments to the fund made in a manner provided by the general assembly.(b) On any July 1 following the date a participant begins participation in the defined contribution fund, if the participant has been before that date a member of PERF, any amount in the PERF annuity savings account credited to the participant may at the participant's irrevocable option be transferred one (1) time to the defined contribution fund for the benefit of the participant. At no other time, if the participant continues or begins to participate in PERF, may such a transfer be made.(c) On any July 1 following the date a participant begins participation in the defined contribution fund, if the participant has been before that date a member of TRF, the amount in the TRF annuity savings account credited to the participant may at the participant's irrevocable election be transferred one (1) time to the defined contribution fund for the benefit of the participant. At no other time, if the participant continues or begins to participate in TRF, may the transfer be made.(d) Each participant shall be credited individually with:(1) the participant's contributions to the fund under section 4 of this chapter, which shall be credited to the participant's account;(2) the contributions made to the fund on behalf of the participant under:(A) section 5 of this chapter (before its repeal on January 1, 2009); or(B) after December 31, 2008, section 5.5 of this chapter;which shall be credited to the participant's account;(3) the amount transferred to the fund under subsections (b) and (c), which shall be credited to the participant's account; and(4) the net earnings on the participant's accounts, determined under section 3 of this chapter.As added by P.L.6-1989, SEC.1. Amended by P.L.195-1999, SEC.2 and P.L.205-1999, SEC.3; P.L.43-2007, SEC.2.