reglab/housing_qa huggingface dataset:
IN Code § 5-10.4-7-1 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.4. State Teachers' Retirement Fund|Chapter 7. School Corporation Reports and Administration|5-10.4-7-1. Notice to Teachers of Benefits; Requirement to Include Benefits in Contracts

Sec. 1. (a) The administrative officers of a school corporation or other institution covered by the fund shall:(1) notify each person to be employed in a teaching position that the person's obligations under this article are a condition of employment; and(2) make the obligations a part of the teacher's contract.(b) Except in cases where:(1) the contribution is made on behalf of the member; or(2) a retired member of the Indiana state teachers' retirement fund may not make contributions during a period of reemployment as provided under IC 5-10.2-4-8(e);a teacher's contract shall be construed to require the deduction of contributions to meet the teachers' contractual obligations to the fund and the state.[Pre-2006 Education Finance Recodification Citation: 21-6.1-7-1.]As added by P.L.2-2006, SEC.28. Amended by P.L.72-2007, SEC.10; P.L.1-2009, SEC.19; P.L.195-2013, SEC.13.
IN Code § 5-10.4-7-2 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.4. State Teachers' Retirement Fund|Chapter 7. School Corporation Reports and Administration|5-10.4-7-2. Duty of Teacher to Complete Record Form

Sec. 2. A teacher new to the service, when the teacher first signs a contract, shall complete a record form prescribed by the board. The completed form shall be forwarded to the board.[Pre-2006 Education Finance Recodification Citation: 21-6.1-7-2.]As added by P.L.2-2006, SEC.28.
IN Code § 5-10.4-7-3 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.4. State Teachers' Retirement Fund|Chapter 7. School Corporation Reports and Administration|5-10.4-7-3. Requirement to Deduct Member Contribution From Salary; Report to Member

Sec. 3. (a) Unless the member's contribution is made on behalf of the member or the member is a retired member who may not make contributions during a period of reemployment as provided under IC 5-10.2-4-8(e), the treasurer of a school corporation, the township trustee, or the appropriate officer of any other institution covered by the fund shall:(1) deduct from each member's salary the member's contribution for the fund; and(2) issue to each member, on behalf of the board, a statement for each contribution deducted.(b) The statement described in subsection (a)(2) is evidence that the member has credit from the fund for payment of the stated contribution.[Pre-2006 Education Finance Recodification Citation: 21-6.1-7-3.]As added by P.L.2-2006, SEC.28. Amended by P.L.72-2007, SEC.11; P.L.1-2009, SEC.20; P.L.195-2013, SEC.14.
IN Code § 5-10.4-7-4 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.4. State Teachers' Retirement Fund|Chapter 7. School Corporation Reports and Administration|5-10.4-7-4. Officer's Bond Required to Cover Failure to Deduct Employee Contribution

Sec. 4. (a) The treasurer of a school corporation, the township trustee, and the appropriate officer of any other institution covered by the fund is liable on the officer's official bond for failure to deduct, report, and pay the contributions to the board.(b) The board, by an action in its name prosecuted by the attorney general, may recover the contributions.[Pre-2006 Education Finance Recodification Citation: 21-6.1-7-4.]As added by P.L.2-2006, SEC.28.
IN Code § 5-10.4-7-5 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.4. State Teachers' Retirement Fund|Chapter 7. School Corporation Reports and Administration|5-10.4-7-5. Reports; New Employee Information

Sec. 5. (a) Not later than October 1 of each year, the administrative and executive officers of a school corporation or other institution covered by the fund shall report to the board, on forms furnished by the board, the following information:(1) The members of the fund employed by the school corporation or other institution.(2) The hire or rehire date of each member listed in subdivision (1).(3) The retirement account number of each member listed in subdivision (1).(b) The officers described in subsection (a) shall report periodically during the year as to the members of the fund employed after the reporting date so that contributions and other information may be verified.[Pre-2006 Education Finance Recodification Citation: 21-6.1-7-6.]As added by P.L.2-2006, SEC.28.
IN Code § 5-10.4-7-6 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.4. State Teachers' Retirement Fund|Chapter 7. School Corporation Reports and Administration|5-10.4-7-6. Reports; Member Contributions

Sec. 6. (a) As used in this section, "net contributions" means the gross amount of a member's contributions minus any refund paid or due a teacher.(b) Not later than January 15, April 15, July 15, and October 15 of each year or an alternate due date established by the rules of the board, the treasurer of a school corporation, the township trustee, or the appropriate officer of any other institution covered by the fund shall make an employer report as provided in section 7 of this chapter, on a form furnished by the board, to the board accompanied by a warrant for payment of:(1) the total net contributions to the fund made for or by the members in the preceding three (3) months; and(2) subject to IC 5-10.2-2-11.5, the employer contributions as required by section 11 of this chapter.(c) Amendatory reports to correct errors or omissions may be required and made.(d) After December 31, 2009, the treasurer of a school corporation, the township trustee, or the appropriate officer of any other institution covered by the fund shall submit:(1) the employer report described in section 7 of this chapter in a uniform format through a secure connection over the Internet or through other electronic means specified by the board in accordance with IC 5-10.2-2-12.5; and(2) the:(A) employer contributions; and(B) contributions paid by or on behalf of a member;described in subsection (b) by electronic funds transfer in accordance with IC 5-10.2-2-12.5.[Pre-2006 Education Finance Recodification Citation: 21-6.1-7-7.]As added by P.L.2-2006, SEC.28. Amended by P.L.165-2009, SEC.7; P.L.182-2009(ss), SEC.73.
IN Code § 5-10.4-7-7 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.4. State Teachers' Retirement Fund|Chapter 7. School Corporation Reports and Administration|5-10.4-7-7. Reports; Employment Information

Sec. 7. (a) Not later than January 15, April 15, July 15, and October 15 of each year or an alternate due date established by the rules of the board, the treasurer of a school corporation, the township trustee, or the appropriate officer of any other institution covered by the fund shall make a report to the board on a form furnished by the board and within the time set by the board. Amendatory reports to correct errors or omissions may be required and made.(b) The report required by subsection (a) must include:(1) the name of each member employed in the preceding reporting period, except substitute teachers;(2) the total salary and other compensation paid for personal services to each member in the reporting period;(3) the sum of contributions made for or by each member, except for a retired member who may not make contributions during a period of reemployment as provided under IC 5-10.2-4-8(e);(4) the sum of employer contributions made by the school corporation or other institution, except for a retired member for whom or on whose behalf an employer may not make contributions during a period of reemployment as provided under IC 5-10.2-4-8(e);(5) the number of days each member received salary or other compensation for teaching services; and(6) any other information that the board determines necessary for the effective management of the fund.(c) As often as the board determines necessary, the board may review or cause to be reviewed the pertinent records of any public entity contributing to the fund under this article.[Pre-2006 Education Finance Recodification Citation: 21-6.1-7-8.]As added by P.L.2-2006, SEC.28. Amended by P.L.72-2007, SEC.12; P.L.1-2009, SEC.21; P.L.165-2009, SEC.8; P.L.195-2013, SEC.15.
IN Code § 5-10.4-7-8 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.4. State Teachers' Retirement Fund|Chapter 7. School Corporation Reports and Administration|5-10.4-7-8. Penalties; Failure to Make Report

Sec. 8. If the treasurer of a school corporation, the township trustee, or the appropriate officer of any other institution covered by the fund fails to make the reports and payments as required in section 6 or 7 of this chapter, the following apply:(1) The officer has an additional thirty (30) days to make the reports and payments without a penalty.(2) If the reports and payments are not made within thirty (30) days after the deadlines required by section 6 or 7 of this chapter, the board may fine the school corporation, township, or institution that the officer serves one hundred dollars ($100) for each additional day that the reports and payments are late.(3) If the officer is habitually late, as determined by the board, the school corporation, township, or institution that the officer serves is ineligible to receive any distribution of money from the state for school purposes until the reports and payments are received and approved by the board.[Pre-2006 Education Finance Recodification Citation: 21-6.1-7-9.]As added by P.L.2-2006, SEC.28.
IN Code § 5-10.4-7-9 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.4. State Teachers' Retirement Fund|Chapter 7. School Corporation Reports and Administration|5-10.4-7-9. Reimbursement of Expenses of Secretary of Education Related to Enforcement of Penalties

Sec. 9. Expenses of the secretary of education necessary in administering section 8 of this chapter must be paid from the funds of the board on a voucher approved by the director.[Pre-2006 Education Finance Recodification Citation: 21-6.1-7-10.]As added by P.L.2-2006, SEC.28. Amended by P.L.43-2021, SEC.28.
IN Code § 5-10.4-7-10 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.4. State Teachers' Retirement Fund|Chapter 7. School Corporation Reports and Administration|5-10.4-7-10. Separate Accounts for Each School Corporation and Each Employer Group

Sec. 10. (a) Except as provided in subsection (b), the board shall maintain separate reserve accounts within the 1996 account for each school corporation.(b) If the board sets a group employer rate under IC 5-10.2-2-11(b), the board shall maintain separate reserve accounts within the 1996 account for each employer group.(c) Credits and charges to these accounts must be made as prescribed in IC 5-10.2-2.[Pre-2006 Education Finance Recodification Citation: 21-6.1-7-11.]As added by P.L.2-2006, SEC.28. Amended by P.L.115-2009, SEC.20.
IN Code § 5-10.4-7-11 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.4. State Teachers' Retirement Fund|Chapter 7. School Corporation Reports and Administration|5-10.4-7-11. Employer Contribution Rate

Sec. 11. (a) Annually the board shall certify to each school corporation and each school corporation shall pay its employer contribution rate to the fund, computed as specified in IC 5-10.2-2 for the employer contribution for teachers covered by the 1996 account, including the school corporation's share of administration expenses for the 1996 account.(b) The board shall determine the amount of unfunded accrued liability of the school corporations. The board shall determine the unfunded accrued liability by individual employers or by a group of employers. The school corporations shall pay the amount in a lump sum or amortize the amount over a period determined by the board.(c) The payments by school corporations for the amounts described in subsections (a), (b), and (d) are allocated to the school corporations and not to the state.(d) If a school corporation's account shows a deficit, the board may require the school corporation to make additional payments necessary to eliminate the deficit in addition to the employer contributions computed under subsections (a) and (b).[Pre-2006 Education Finance Recodification Citation: 21-6.1-7-12.]As added by P.L.2-2006, SEC.28.
IN Code § 5-10.4-7-12 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.4. State Teachers' Retirement Fund|Chapter 7. School Corporation Reports and Administration|5-10.4-7-12. Recovery of Amounts Due From School Corporation

Sec. 12. (a) If a school corporation fails to make the payments required by this chapter, the amount payable may be:(1) withheld by the auditor of state from money payable to the school corporation and transferred to the fund; or(2) recovered in a suit in the circuit or superior court of the county in which the school corporation is located.(b) The suit described in subsection (a)(2) shall be:(1) an action by the state on the relation of the board; and(2) prosecuted by the attorney general.[Pre-2006 Education Finance Recodification Citation: 21-6.1-7-13.]As added by P.L.2-2006, SEC.28.
IN Code § 5-10.4-8-1 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.4. State Teachers' Retirement Fund|Chapter 8. Teachers' Defined Contribution Plan|5-10.4-8-1. Application to Employees

Sec. 1. (a) Except as provided in subsection (b), this chapter applies after the effective date of the plan to an individual who:(1) begins employment with a school corporation in a covered position that would otherwise be eligible for membership in the fund under IC 5-10.4-4; and(2) makes an election described in section 6 of this chapter to become a member of the plan.(b) This chapter does not apply to the following:(1) An individual who, before the effective date of the plan, is or was a member (as defined in IC 5-10.4-1-9) of the fund.(2) An individual who, on or after the effective date of the plan:(A) begins employment with a school corporation that participates in the plan in a covered position that would otherwise be eligible for membership in the fund under IC 5-10.4-4; and(B) does not make the election described in section 6 of this chapter to become a member of the plan.As added by P.L.217-2017, SEC.58.
IN Code § 5-10.4-8-2 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.4. State Teachers' Retirement Fund|Chapter 8. Teachers' Defined Contribution Plan|5-10.4-8-2. Definitions

Sec. 2. The following definitions apply throughout this chapter:(1) "Account" means the plan account established for a member under section 7(b) of this chapter.(2) "Annuity savings account" means the annuity savings account of the 1996 account maintained under IC 5-10.2-2-2(b)(2) and IC 5-10.2-2-2(c)(1).(3) "Compensation" has the meaning set forth in IC 5-10.2-3-2(a).(4) "Effective date" means the first day of the month that is six (6) months after the month in which the board adopts provisions to implement the plan under section 4(b) of this chapter.(5) "Employer" means a school corporation.(6) "Employer contribution subaccount" means the subaccount in a member's plan account established under section 7(b)(2) of this chapter.(7) "Fund" refers to the Indiana state teachers' retirement fund established by IC 5-10.4-2-1.(8) "Internal Revenue Code" has the meaning set forth in IC 5-10.2-1-3.5.(9) "Member" means an individual described in section 1(a) of this chapter who is not otherwise excluded from membership in the plan.(10) "Member contribution subaccount" means the subaccount in a member's plan account established under section 7(b)(1) of this chapter.(11) "Normal retirement age" for a member means the member is at least sixty-two (62) years of age with at least five (5) years of participation in the plan.(12) "Plan" refers to the teachers' defined contribution plan established by section 4 of this chapter.(13) "Years of participation" means all periods of participation in the plan in a covered position, plus any additional service for which this chapter provides years of participation credit.As added by P.L.217-2017, SEC.58. Amended by P.L.27-2019, SEC.12.
IN Code § 5-10.4-8-3 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.4. State Teachers' Retirement Fund|Chapter 8. Teachers' Defined Contribution Plan|5-10.4-8-3. Application of Annuity Savings Account Provisions; Irs Approval

Sec. 3. Except as otherwise provided in this chapter or by federal law, and subject to the board obtaining any approval from the Internal Revenue Service that the board considers necessary or desirable, the provisions of this article that apply to the annuity savings account apply to an account established under this chapter.As added by P.L.217-2017, SEC.58.
IN Code § 5-10.4-8-4 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.4. State Teachers' Retirement Fund|Chapter 8. Teachers' Defined Contribution Plan|5-10.4-8-4. Teacher's Defined Contribution Plan Established

Sec. 4. (a) The teachers' defined contribution plan is established for the purpose of providing amounts funded by an employer and a member for the use of the member or the member's beneficiaries or survivors after the member's retirement.(b) The board shall adopt provisions to implement the plan established under subsection (a) as follows:(1) The board shall initially offer the plan using the annuity savings account, subject to obtaining any approval from the Internal Revenue Service that the board considers necessary or desirable to preserve the qualified status of the plan and the fund. If, and while, the plan is offered using the annuity savings account under this subdivision, the plan is a component within the fund.(2) If the approval of the Internal Revenue Service to offer the plan using the annuity savings account cannot be obtained in a manner satisfactory to the board, the board shall offer the plan as a separate fund under Section 401(a) or another applicable section of the Internal Revenue Code.(3) If the board initially offers the plan using the annuity savings account as provided under subdivision (1), the board may at any time afterwards convert the plan to a separate fund under Section 401(a) or another applicable section of the Internal Revenue Code. If the board converts the plan to a separate fund as provided under this subdivision, after the conversion the plan is not a component within the fund.(c) The board shall administer the plan.(d) The board may adopt a plan document that it considers appropriate or necessary to administer the plan.As added by P.L.217-2017, SEC.58. Amended by P.L.27-2019, SEC.13.
IN Code § 5-10.4-8-5 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.4. State Teachers' Retirement Fund|Chapter 8. Teachers' Defined Contribution Plan|5-10.4-8-5. Request for Irs Rulings

Sec. 5. The board may request from the Internal Revenue Service any rulings or determination letters that the board considers necessary or appropriate in order to implement or administer the plan.As added by P.L.217-2017, SEC.58.
IN Code § 5-10.4-8-6 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.4. State Teachers' Retirement Fund|Chapter 8. Teachers' Defined Contribution Plan|5-10.4-8-6. Election to Become a Member of Plan

Sec. 6. (a) An individual who, on or after the effective date of the plan, begins employment with a school corporation that participates in the plan in a covered position that would otherwise be eligible for membership in the fund under IC 5-10.4-4 may elect to become a member of the plan.(b) An election under this section:(1) must be made in writing;(2) must be filed with the board, on a form prescribed by the board; and(3) is irrevocable.(c) An individual who does not elect to become a member of the plan becomes a member (as defined in IC 5-10.4-1-9) of the fund.As added by P.L.217-2017, SEC.58.
IN Code § 5-10.4-8-7 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.4. State Teachers' Retirement Fund|Chapter 8. Teachers' Defined Contribution Plan|5-10.4-8-7. Plan Contributions; Member Accounts

Sec. 7. (a) The plan consists of the following:(1) Each member's contributions to the plan under section 9 of this chapter.(2) Contributions made by an employer to the plan on behalf of each member under section 10 of this chapter.(3) Rollovers to the plan by a member under section 15 of this chapter.(4) All earnings on investments or deposits of the plan.(5) All contributions or payments to the plan made in the manner provided by the general assembly.(b) The plan shall establish an account for each member. A member's account consists of two (2) subaccounts credited individually as follows:(1) The member contribution subaccount consists of:(A) the member's contributions to the plan under section 9 of this chapter; and(B) the net earnings on the contributions described in clause (A) as determined under section 8 of this chapter.(2) The employer contribution subaccount consists of:(A) the employer's contributions made on behalf of the member to the plan under section 10 of this chapter; and(B) the earnings on the contributions described in clause (A) as determined under section 8 of this chapter.The board may combine the two (2) subaccounts established under this subsection into a single account, if the board determines that a single account is administratively appropriate and permissible under applicable law.(c) If a member makes rollover contributions under section 15 of this chapter, the plan shall establish a rollover account as a separate subaccount within the member's account.As added by P.L.217-2017, SEC.58.
IN Code § 5-10.4-8-8 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.4. State Teachers' Retirement Fund|Chapter 8. Teachers' Defined Contribution Plan|5-10.4-8-8. Stable Value Fund; Alternative Investment Programs

Sec. 8. (a) Subject to the board obtaining any approval from the Internal Revenue Service that the board considers necessary or desirable, the board shall establish:(1) a stable value fund for the plan; and(2) alternative investment programs for the plan.(b) The board may adopt requirements and rules that apply to the alternative investment programs within the plan, including the following:(1) The board's investment guidelines and limits for the alternative investment programs.(2) A member's selection of and changes to the member's investment options.(3) The valuation of a member's account.(4) The allocation and payment of administrative expenses for the alternative investment programs.(c) The board shall determine the appropriate administrative fees to be charged to the member accounts.As added by P.L.217-2017, SEC.58. Amended by P.L.27-2019, SEC.14.
IN Code § 5-10.4-8-9 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.4. State Teachers' Retirement Fund|Chapter 8. Teachers' Defined Contribution Plan|5-10.4-8-9. Member Contribution; Employer Obligation to Make Required Member Contribution; Additional Member Contribution

Sec. 9. (a) Each member's contribution to the plan is equal to three percent (3%) of the member's compensation.(b) An employer shall pay a member's contribution on behalf of the member.(c) To the extent permitted by the Internal Revenue Code and applicable regulations, a member of the plan may make contributions to the plan in addition to the contribution required under subsection (a). IC 5-10.2-3-2(c) and IC 5-10.2-3-2(d) govern additional contributions made under this subsection.(d) Member contributions must be credited to the member's account as specified in IC 5-10.2-3.(e) Although designated as employee contributions, the contributions made under subsection (b) by an employer must be picked up and paid by the employer instead of the contributions being paid by the employee in accordance with Section 414(h)(2) of the Internal Revenue Code.(f) A member may not receive any amounts paid by an employer under this section directly instead of having the amounts paid to the plan.As added by P.L.217-2017, SEC.58.