reglab/housing_qa huggingface dataset:
IN Code § 5-10.2-4-0.1 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.2. Public Retirement and Disability Benefits|Chapter 4. Retirement and Disability Benefits|5-10.2-4-0.1. Application of Certain Amendments to Chapter

Sec. 0.1. The following amendments to this chapter apply as follows:(1) The amendments made by P.L.45-1988 to STEP TWO of section 4(b) of this chapter (formerly section 4(a) of this chapter):(A) apply only to retirement benefits paid after March 3, 1988; and(B) do not require retroactive increases in any benefits paid before March 3, 1988.(2) The amendments made to section 3 of this chapter by P.L.95-2004 apply only to members of the Indiana state teachers' retirement fund who retire after May 31, 2004.(3) The amendments made to section 8 of this chapter by P.L.62-2005 apply to:(A) fiscal years that begin after June 30, 2005, for teachers' retirement fund members; and(B) calendar years that begin after December 31, 2005, for public employees' retirement fund members.(4) The amendments made to section 6 of this chapter by P.L.124-2008 apply to disability retirement benefits payable by the Indiana state teachers' retirement fund and the public employees' retirement fund after December 31, 2007.As added by P.L.220-2011, SEC.73.
IN Code § 5-10.2-4-0.3 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.2. Public Retirement and Disability Benefits|Chapter 4. Retirement and Disability Benefits|5-10.2-4-0.3. Consideration of Certain Claims for Benefits

Sec. 0.3. The board may consider a claim for benefits under section 6(a) of this chapter, as amended by P.L.22-1998, even if the disability of the member making the claim arose from events occurring after March 31, 1994, and before April 2, 1998. A benefit claim approved by the board under this section is payable after the later of April 1, 1998, or the date of the member's claim.As added by P.L.220-2011, SEC.74.
IN Code § 5-10.2-4-1 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.2. Public Retirement and Disability Benefits|Chapter 4. Retirement and Disability Benefits|5-10.2-4-1. Eligibility for Normal and Early Retirement

Sec. 1. (a) This subsection applies to:(1) members of the public employees' retirement fund who retire before July 1, 1995; and(2) members of the Indiana state teachers' retirement fund who retire before May 2, 1989.A member who has reached age sixty-five (65) and has at least ten (10) years of creditable service is eligible for normal retirement.(b) This subsection applies to members of the Indiana state teachers' retirement fund who retire after May 1, 1989, and to members of the public employees' retirement fund who retire after June 30, 1995, except as provided in section 1.7 of this chapter. A member is eligible for normal retirement if:(1) the member is at least sixty-five (65) years of age and has at least ten (10) years of creditable service;(2) the member is at least sixty (60) years of age and has at least fifteen (15) years of creditable service; or(3) the member's age in years plus the member's years of service is at least eighty-five (85) and the member is at least fifty-five (55) years of age.(c) A member who has reached age fifty (50) and has at least fifteen (15) years of creditable service is eligible for early retirement with a reduced pension.(d) A member who is eligible for normal or early retirement is entitled to choose a retirement date on which the member's benefit begins if the following conditions are met:(1) The application for retirement benefits and the choice of the date is filed on a form provided by the board.(2) The date must be after the cessation of the member's service and be the first day of a month.(3) The retirement date is not more than six (6) months before the date the application is received by the board. However, if the board determines that a member is incompetent to file for benefits and choose a retirement date, the retirement date may be any date that is the first of the month after the time the member became incompetent.As added by Acts 1977, P.L.53, SEC.2. Amended by Acts 1980, P.L.28, SEC.5; P.L.48-1985, SEC.1; P.L.342-1989(ss), SEC.2; P.L.4-1990, SEC.7; P.L.10-1995, SEC.4; P.L.73-2002, SEC.2.
IN Code § 5-10.2-4-1.3 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.2. Public Retirement and Disability Benefits|Chapter 4. Retirement and Disability Benefits|5-10.2-4-1.3. Application Procedure

Sec. 1.3. (a) A member who files an application for retirement benefits must provide the following information on the application form:(1) The retirement date chosen by the member.(2) If the member has not elected to withdraw the entire amount in the member's annuity savings account under IC 5-10.2-3-6.5, the member's choice of any actuarially equivalent combination of:(A) an annuity purchased from all or part of the amount credited to the member in the annuity savings account;(B) a total or partial distribution from the annuity savings account under section 2(b) of this chapter; and(C) a deferral of the payment of any benefits from the annuity savings account under section 2(c) of this chapter.(3) The name of the beneficiary or beneficiaries designated by the member with respect to the pension portion of the member's retirement benefit.(4) The name of the beneficiary or beneficiaries designated by the member with respect to the annuity portion of the member's retirement benefit, unless the member chooses total distribution under section 2 of this chapter.(b) A member's designation of beneficiaries in the application for retirement benefits supersedes any previous designation of beneficiaries by the member.(c) A member must indicate the name, address, date of birth, and Social Security number of each designated beneficiary and provide proof of birth of each designated beneficiary.(d) The board shall adopt a form for the application for retirement benefits that meets the requirements of this section.As added by P.L.195-1999, SEC.13. Amended by P.L.115-2008, SEC.9; P.L.35-2012, SEC.41; P.L.40-2017, SEC.8.
IN Code § 5-10.2-4-1.4 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.2. Public Retirement and Disability Benefits|Chapter 4. Retirement and Disability Benefits|5-10.2-4-1.4. Direct Deposit Benefit Notice

Sec. 1.4. (a) This section applies to a member or a beneficiary of the fund who receives a monthly benefit by direct deposit.(b) The fund shall furnish to the member or beneficiary:(1) before each change in the amount of the member's or beneficiary's benefit; or(2) once every twelve (12) months, if the member's or beneficiary's benefit amount does not change;a written notice showing the member's or beneficiary's benefit amount, including any cost of living increase or other adjustment to the benefit amount, and a summary of the member's or beneficiary's benefit payment history since the member's or beneficiary's last written notice.As added by P.L.47-2003, SEC.2. Amended by P.L.115-2009, SEC.4.
IN Code § 5-10.2-4-1.5 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.2. Public Retirement and Disability Benefits|Chapter 4. Retirement and Disability Benefits|5-10.2-4-1.5. Estimated Benefit Payments

Sec. 1.5. (a) A fund may calculate and pay an estimated retirement benefit of the pension portion to a member if:(1) the member has applied for a retirement benefit and has chosen a retirement date on which the retirement benefit is to begin;(2) the member's membership records are incomplete or have not been certified; and(3) the member's membership records that have been submitted to the fund establish that the member is entitled to a retirement benefit.(b) After June 30, 2009, if a fund calculates and pays an estimated benefit under this section, the estimated benefit must be at least eighty-five percent (85%) of the pension portion of the benefit determined under the fund's records on service and compensation information.(c) If an estimated benefit is paid to a member under this section, the fund shall, after all membership records have been submitted to the fund and certified, determine the actual retirement benefit to which the member is entitled. After determining the actual retirement benefit to which the member is entitled, the fund shall temporarily adjust the actual retirement benefit that is paid to the member to reconcile any underpayment or overpayment of benefits to the member that resulted from the payment of estimated benefits. The fund may make the temporary adjustment to the member's actual retirement benefit over a reasonable time, as determined by the board.As added by P.L.195-1999, SEC.14. Amended by P.L.115-2009, SEC.5.
IN Code § 5-10.2-4-1.7 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.2. Public Retirement and Disability Benefits|Chapter 4. Retirement and Disability Benefits|5-10.2-4-1.7. Elected County Official Eligibility for Normal Retirement

Sec. 1.7. (a) This section applies only to members of the public employees' retirement fund who retire after June 30, 2002.(b) A member is eligible for normal retirement after becoming sixty-five (65) years of age if the member:(1) has:(A) served as an elected county official in an office described in Article 6, Section 2 of the Constitution of the State of Indiana for at least eight (8) years; or(B) been elected at least two (2) times and would have served at least eight (8) years as an elected county official in an office described in Article 6, Section 2 of the Constitution of the State of Indiana had the member's term of office not been shortened under a statute enacted under Article 6, Section 2(b) of the Constitution of the State of Indiana; and(2) is prohibited by Article 6, Section 2 of the Constitution of the State of Indiana from serving in that office for more than eight (8) years in any period of twelve (12) years.(c) A member who:(1) has served as an elected county official; and(2) does not meet the requirements of subsection (b);is eligible for normal retirement if the member has attained vested status (as defined in IC 5-10.2-1-8(b)(3)) and meets the requirements of section 1 of this chapter.As added by P.L.73-2002, SEC.3. Amended by P.L.88-2005, SEC.2.
IN Code § 5-10.2-4-1.9 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.2. Public Retirement and Disability Benefits|Chapter 4. Retirement and Disability Benefits|5-10.2-4-1.9. Eligibility of Certain State Officers for Normal Retirement

Sec. 1.9. (a) This section applies only to a member of the public employees' retirement fund:(1) who has served as a state officer listed in Article 6, Section 1 of the Constitution of the State of Indiana; and(2) whose term of office as a state officer commenced after the election held on November 5, 2002.(b) A member is eligible for normal retirement after becoming sixty-five (65) years of age if the member:(1) has:(A) served as a state officer listed in Article 6, Section 1 of the Constitution of the State of Indiana for at least eight (8) years; or(B) been elected at least two (2) times and would have served at least eight (8) years as a state officer listed in Article 6, Section 1 of the Constitution of the State of Indiana had the member's term of office not been shortened under a statute enacted to establish uniform dates for beginning the terms of state officers listed in Article 6, Section 1 of the Constitution of the State of Indiana; and(2) is prohibited by Article 6, Section 1 of the Constitution of the State of Indiana from serving in that office for more than eight (8) years in any period of twelve (12) years.(c) A member who:(1) has served as a state officer listed in Article 6, Section 1 of the Constitution of the State of Indiana; and(2) does not meet the requirements of subsection (b);is eligible for normal retirement if the member has attained vested status (as defined in IC 5-10.2-1-8(a)) and meets the requirements of section 1 of this chapter.As added by P.L.115-2008, SEC.10.
IN Code § 5-10.2-4-3.1 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.2. Public Retirement and Disability Benefits|Chapter 4. Retirement and Disability Benefits|5-10.2-4-3.1. Compensation From Two or More Employers; Computation of Average

Sec. 3.1. For a member who receives annual compensation from two (2) or more employers, the average of the annual compensation shall be computed using the sum of the two (2) or more annual compensations if:(1) each of the employers and the member made all of the contributions required by IC 5-10.2; and(2) the member occupied at least one (1) position that normally required performance of service of more than six hundred (600) hours during the year.As added by P.L.381-1987(ss), SEC.1.
IN Code § 5-10.2-4-4 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.2. Public Retirement and Disability Benefits|Chapter 4. Retirement and Disability Benefits|5-10.2-4-4. Retirement Benefit Computation

Sec. 4. (a) The computation of benefits under this section is subject to IC 5-10.2-2-1.5.(b) For retirement benefits payable on and after July 1, 1975, for a member retired on and after January 1, 1956, the pension (p) is computed as follows:STEP ONE: Multiply one and one-tenths percent (1.1%) times the average of the annual compensation (aac) and obtain a product.STEP TWO: To obtain the pension, multiply the STEP ONE product by the total creditable service (scr) completed by the member on the member's retirement date.Expressed mathematically:p = (.011) times (aac) times (scr)(c) If a member purchases an annuity under this title on any date, the amount purchasable on that date is the part of the amount credited to the member in the annuity savings account that the member designates for the purchase of the annuity. The amount purchasable is based on actuarial tables adopted by the board under IC 5-10.2-2-10 at an interest rate determined by the board under IC 5-10.5-4-2.6.As added by Acts 1977, P.L.53, SEC.2. Amended by Acts 1980, P.L.28, SEC.6; P.L.35-1985, SEC.14; P.L.45-1988, SEC.1; P.L.55-1989, SEC.18; P.L.195-1999, SEC.16; P.L.115-2008, SEC.12; P.L.177-2014, SEC.3; P.L.40-2017, SEC.10.
IN Code § 5-10.2-4-5 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.2. Public Retirement and Disability Benefits|Chapter 4. Retirement and Disability Benefits|5-10.2-4-5. Early Retirement Percent Reduction

Sec. 5. The retirement benefit (rb) payable on and after July 1, 1975, for a member who retired on and after January 1, 1956, before age sixty-five (65) is the sum of the pension (P), as specified in section 4 of this chapter and computed on the basis of the total creditable service and the average of the annual compensation at retirement, multiplied by a percent (p), plus the annuity (A), if any, purchasable by all or part of the amount credited to the member in the annuity savings account. This sum is obtained by the following STEPS:STEP ONE: From seven hundred eighty (780) months, which equals sixty-five (65) years, subtract the age of the member at the member'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), then 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), then 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) and obtain the percent (p).STEP FOUR: The early retirement benefit equals (p) times (P) plus the annuity (A).Expressed mathematically:If "<" means "less than or equal to" and if ">" means "greater than"; then:(I) 780 - (retire age in months) = X;(II) if X < 60, (X) times (0.1%) = Y; orif X > 60, (5/12%) times (X-60) + 6% = Y(III) 100% - Y = p(IV) rb = pP + AAs added by Acts 1977, P.L.53, SEC.2. Amended by P.L.35-1985, SEC.15; P.L.40-2017, SEC.11.
IN Code § 5-10.2-4-7.5 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.2. Public Retirement and Disability Benefits|Chapter 4. Retirement and Disability Benefits|5-10.2-4-7.5. School Corporations Participating in Section 401(a) Plans; Participation in Plan Under This Chapter

Sec. 7.5. A member may participate in a plan described in IC 5-10-1.1-1(2) in addition to the plans set forth in this chapter.As added by P.L.42-1988, SEC.3.
IN Code § 5-10.2-4-8.2 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.2. Public Retirement and Disability Benefits|Chapter 4. Retirement and Disability Benefits|5-10.2-4-8.2. Election, Appointment to Elected Position, or Service in Other Position Covered by This Article

Sec. 8.2. (a) Notwithstanding section 8 of this chapter, if a member who is receiving retirement benefits is elected or appointed to an elected position covered by this article, the member shall file a written, irrevocable election with the board to continue or discontinue retirement benefits while the member holds the elected position.(b) If a member:(1) is elected or appointed to an elected position and:(A) becomes at least fifty-five (55) years of age; and(B) completes at least twenty (20) years of service; or(2) is serving in any other position covered by this article and:(A) becomes at least seventy (70) years of age; and(B) completes at least twenty (20) years of service;while holding the position, the member may file a written, irrevocable election to begin receiving, while holding the position, retirement benefits to which the member would be entitled by age and service. A member who does not make the irrevocable election while holding the position continues to accrue service credit for any period from the date the member qualifies to make the election under this subsection to the date on which the member files a retirement application or the date on which the member ceases to hold the position, whichever occurs first.(c) The form and content of an election shall be prescribed by the board. If the member elects to discontinue receiving retirement benefits, the member shall make contributions as required in IC 5-10.2-3-2. If the member elects to continue or begin receiving benefits:(1) the member may continue to make contributions under IC 5-10.2-3-2 but is not required to do so; and(2) the member waives the accrual of service credit and the right to any supplemental benefit from service in the position, except to the extent that the value of the accrual of additional service credit and any supplemental benefit exceeds the actuarial value of the benefits received under this chapter and that were continued or begun pursuant to an election under this section.(d) Except to the extent of the liability for any additional benefit accrued under subsection (c)(2), the employer shall make the employer's contribution only for past service liability based on the salary for the position of a member who elects under subsection (a) or (b) to continue or begin receiving retirement benefits.(e) Section 10 of this chapter applies to a member who elects under subsection (a) to discontinue receiving retirement benefits. Section 10 of this chapter does not apply, while the member holds a position covered by this article, to a member who elects under subsection (a) or (b) to continue or begin receiving retirement benefits.As added by P.L.47-1985, SEC.4. Amended by P.L.60-1989, SEC.1; P.L.4-1990, SEC.10; P.L.25-1994, SEC.4; P.L.61-2002, SEC.6; P.L.27-2019, SEC.3.
IN Code § 5-10.2-4-8.4 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.2. Public Retirement and Disability Benefits|Chapter 4. Retirement and Disability Benefits|5-10.2-4-8.4. Retirement While Serving in Elected Position

Sec. 8.4. (a) This section does not apply to a member of the Indiana state teachers' retirement fund who is eligible to retire under IC 5-10.2-2-8(b).(b) A member of the Indiana state teachers' retirement fund who:(1) serves in an elected position; and(2) after June 30, 2006, makes an election under section 8.2(b) of this chapter to begin receiving, while the member holds the elected position or not later than thirty (30) days after the day on which the member's elected term of office ends, the retirement benefits to which the member is entitled by age and service;may choose at the member's retirement date whether to retire from the Indiana state teachers' retirement fund or from the public employees' retirement fund.(c) If the member described in subsection (b) chooses to retire from the public employees' retirement fund, that fund is responsible for the payment of benefits provided under this chapter, and the Indiana state teachers' retirement fund shall pay to the public employees' retirement fund:(1) the amount credited to that member in the annuity savings account in the Indiana state teachers' retirement fund; and(2) the proportionate actuarial cost of the member's pension.As added by P.L.119-2006, SEC.2. Amended by P.L.93-2008, SEC.3.
IN Code § 5-10.2-4-9 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.2. Public Retirement and Disability Benefits|Chapter 4. Retirement and Disability Benefits|5-10.2-4-9. Death During Reemployment

Sec. 9. (a) This section applies only to a retired member of the public employees' retirement fund who, before July 1, 2013, begins a period of reemployment in a covered position more than thirty (30) days after the member's retirement.(b) If a member dies during reemployment and retirement benefits from before the member's reemployment are payable after the member's death, the payment of these amounts shall be made without change, and any additional benefit earned during reemployment shall be paid as provided in section 10 of this chapter.As added by Acts 1977, P.L.53, SEC.2. Amended by P.L.47-1985, SEC.5; P.L.246-2001, SEC.7; P.L.72-2007, SEC.6; P.L.76-2008, SEC.3; P.L.195-2013, SEC.7.