reglab/housing_qa huggingface dataset:
IN Code § 5-10.3-12-22 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.3. The Public Employees' Retirement Fund|Chapter 12. Public Employees' Defined Contribution Plan|5-10.3-12-22. Alternative Investment Programs; Stable Value Fund Program; Requirements and Rules; Administrative Fees

Sec. 22. (a) Subject to the board obtaining the approval of the Internal Revenue Service as described in section 18(b) of this chapter, the board shall establish:(1) a stable value fund as the regular investment program 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.22-2011, SEC.2. Amended by P.L.6-2012, SEC.31; P.L.193-2016, SEC.16; P.L.86-2018, SEC.17; P.L.27-2019, SEC.8.
IN Code § 5-10.3-12-23 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.3. The Public Employees' Retirement Fund|Chapter 12. Public Employees' Defined Contribution Plan|5-10.3-12-23. Member Required Contributions; Additional Contributions; Crediting; Employer Pick-Up and Payment

Sec. 23. (a) This section does not apply to a member of the plan described in section 1(a)(7) of this chapter with respect to the member's service with a volunteer fire department.(b) Each member's contribution to the plan is equal to three percent (3%) of the member's compensation.(c) For a member who is an employee of the state, the state shall pay the member's contribution on behalf of the member each year.(d) For a member who is an employee of a political subdivision, the political subdivision may pay all or part of the member's contribution on behalf of the member.(e) 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 (b). IC 5-10.2-3-2(c) and IC 5-10.2-3-2(d) govern additional contributions made under this subsection.(f) Member contributions will be credited to the member's account as specified in IC 5-10.2-3.(g) Although designated as employee contributions, the contributions made under subsection (c) are picked up and paid by the state as the employer in lieu of the contributions being paid by the employee in accordance with Section 414(h)(2) of the Internal Revenue Code.(h) Although designated as employee contributions, the contributions made under subsection (d) by a political subdivision may 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.(i) 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.22-2011, SEC.2. Amended by P.L.5-2014, SEC.1; P.L.241-2015, SEC.32; P.L.96-2020, SEC.5.
IN Code § 5-10.3-12-24 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.3. The Public Employees' Retirement Fund|Chapter 12. Public Employees' Defined Contribution Plan|5-10.3-12-24. State Employer Contribution; Contribution Rate Determination; Minimum Rate; Amounts Credited; Electronic Submission of Contributions

Sec. 24. (a) The state shall make employer contributions to the plan based on the rate determined under this section.(b) The state's contribution rate for the plan is equal to the employer's contribution rate for the fund as determined by the board under IC 5-10.2-2-11(b). The amount credited from the employer's contribution rate to the member's account shall not be greater than the normal cost of the fund. Any amount not credited to the member's account shall be applied to the unfunded accrued liability of the fund as determined under IC 5-10.2-2-11(a)(3) and IC 5-10.2-2-11(a)(4).(c) The state's minimum contribution under this section is equal to three percent (3%) of the compensation of all members of the plan who are employees of the state.(d) The state shall submit the employer contributions determined under this section as provided in IC 5-10.2-2-12.5.As added by P.L.22-2011, SEC.2. Amended by P.L.241-2015, SEC.33.
IN Code § 5-10.3-12-24.5 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.3. The Public Employees' Retirement Fund|Chapter 12. Public Employees' Defined Contribution Plan|5-10.3-12-24.5. Political Subdivision Employer Contribution; Contribution Rate Determination; Amounts Credited; Electronic Submission of Contributions

Sec. 24.5. (a) This section does not apply to a participating political subdivision's contributions for an individual described in section 1(a)(7) of this chapter with respect to the individual's service with a volunteer fire department.(b) A participating political subdivision shall make employer contributions to the plan based on the rate determined under this section.(c) A participating political subdivision's contribution rate for the plan is equal to the sum of:(1) the contribution rate determined by the participating political subdivision under IC 5-10.3-6-1(c); and(2) the sum, for each member employed by the participating political subdivision, of:(A) the member's additional contribution to the plan under section 23(e) of this chapter; multiplied by(B) the participating political subdivision's matching rate determined under IC 5-10.3-6-1(d).(d) For each employee of a participating political subdivision, the amount credited to the member's account is the part of the employer's contribution determined under subsection (c) that is attributable to the member's compensation and the member's additional contributions.(e) A participating political subdivision shall submit the employer contributions determined under this section as provided in IC 5-10.2-2-12.5.As added by P.L.241-2015, SEC.34. Amended by P.L.96-2020, SEC.6.
IN Code § 5-10.3-12-24.7 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.3. The Public Employees' Retirement Fund|Chapter 12. Public Employees' Defined Contribution Plan|5-10.3-12-24.7. Political Subdivision Contributions; Members of a Volunteer Fire Department

Sec. 24.7. (a) This section applies to a participating political subdivision's contributions for an individual described in section 1(a)(7) of this chapter with respect to the individual's service with a volunteer fire department.(b) The governing body of a participating political subdivision shall determine the participating political subdivision's contribution to the plan for individuals described in section 1(a)(7) of this chapter with respect to the individual's service with the volunteer fire department in accordance with IC 5-10.3-6-1.1.(c) For each individual described in section 1(a)(7) of this chapter for whom the participating political subdivision makes a contribution under this section, the amount credited to the member's account is the entire amount of the contribution that is made on behalf of the individual. No part of a contribution made on behalf of the individual under this section may be paid into the fund.(d) A participating political subdivision shall submit the employer contributions determined under this section as provided in IC 5-10.2-2-12.5.As added by P.L.96-2020, SEC.7.
IN Code § 5-10.3-12-25 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.3. The Public Employees' Retirement Fund|Chapter 12. Public Employees' Defined Contribution Plan|5-10.3-12-25. Member Contributions Belong to Member; Vesting Schedule for Employer Contributions; Forfeiture of Amounts Not Vested

Sec. 25. (a) Member contributions and net earnings on the member contributions in the member contribution subaccount belong to the member at all times and do not belong to any employer.(b) A member is vested in the employer contribution subaccount in accordance with the following schedule:
IN Code § 5-10.3-12-26 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.3. The Public Employees' Retirement Fund|Chapter 12. Public Employees' Defined Contribution Plan|5-10.3-12-26. Member Accounts; Withdrawals; Forms of Payment

Sec. 26. (a) After December 31, 2020, subject to the provisions of the Internal Revenue Code applicable to qualified plan distributions, a member who terminates service in a covered position is entitled to withdraw all or part of the amounts in the member's account to the extent the member is vested in the account. A member must make a required withdrawal from the member's account not later than the required beginning date under the Internal Revenue Code.(b) The member may elect to have withdrawals paid as:(1) a lump sum;(2) a direct rollover to another eligible retirement plan; or(3) if the member has attained normal retirement age, a monthly annuity in accordance with the rules of the board.(c) The board may establish a minimum account balance or a minimum monthly payment amount in order for a member to select the monthly annuity option. The board shall establish the forms of annuity by rule, in consultation with the board's actuary. The board shall give members information about these forms of payment and any information required by federal law to accompany such distributions.(d) Unless otherwise required by federal or state law, the requirements and rules that apply to the distribution of the annuity savings account apply to distributions from a member's account.(e) Subject to the Pension Protection Act of 2006 and notwithstanding any state law, after December 31, 2020, an active member who:(1) reaches normal retirement age; and(2) has attained vested status in the fund;may withdraw all or part of the amount in the member's account without separating from a covered position.As added by P.L.22-2011, SEC.2. Amended by P.L.6-2012, SEC.33; P.L.66-2013, SEC.2; P.L.27-2019, SEC.9; P.L.51-2020, SEC.5.
IN Code § 5-10.3-12-27 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.3. The Public Employees' Retirement Fund|Chapter 12. Public Employees' Defined Contribution Plan|5-10.3-12-27. Member Accounts; Beneficiary or Survivor Withdrawals; Forms of Payment

Sec. 27. (a) If a member dies:(1) while in service in a position covered by the plan but not in the line of duty; or(2) after terminating service in a position covered by the plan but before withdrawing the member's account;to the extent that the member is vested, the member's account shall be paid to the beneficiary or beneficiaries designated by the member on a form prescribed by the board. The amount paid shall be valued as provided in IC 5-10.2-2-3 and IC 5-10.2-2-4 (expired). The board shall invest the total amount in the member's account in the stable value fund not later than thirty (30) days after receiving notification of a member's death.(b) If there is no properly designated beneficiary, or if no beneficiary survives the member, the member's account shall be paid to:(1) the surviving spouse of the member;(2) if there is not a surviving spouse, the surviving dependent or dependents of the member in equal shares; or(3) if there is not a surviving spouse or dependent, the member's estate.(c) The beneficiary or beneficiaries designated under subsection (a) or a survivor determined under subsection (b) may elect to have the member's account paid as:(1) a lump sum;(2) a direct rollover to another eligible retirement plan; or(3) a monthly annuity in accordance with rules of the board.A monthly annuity is an option only on or after the beneficiary or survivor attains sixty-two (62) years of age. The board shall establish the forms of annuity by rule, in consultation with the board's actuary. Further, the board may establish a minimum account balance or a minimum monthly payment amount that is required in order for a beneficiary or survivor to select the monthly annuity option.(d) If a member dies in the line of duty while in service in a covered position, the designated beneficiary or beneficiaries or the surviving spouse or dependents, as applicable, are entitled to payment of the member's account as provided in this section. In addition, if the member was not fully vested in the employer contribution subaccount, the account is deemed to be fully vested for purposes of withdrawal under this section.As added by P.L.22-2011, SEC.2. Amended by P.L.86-2018, SEC.18.
IN Code § 5-10.3-12-28 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.3. The Public Employees' Retirement Fund|Chapter 12. Public Employees' Defined Contribution Plan|5-10.3-12-28. Plan Exempt From Legal Process; Assignment of Payments

Sec. 28. (a) All assets in the plan are exempt from levy, sale, garnishment, attachment, or other legal process.(b) A member, beneficiary, or survivor may not assign any payment under this chapter except for the following:(1) Premiums on a life, hospitalization, surgical, or medical group insurance plan maintained in part by a state agency.(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 members in the plan.As added by P.L.22-2011, SEC.2.
IN Code § 5-10.3-12-29 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.3. The Public Employees' Retirement Fund|Chapter 12. Public Employees' Defined Contribution Plan|5-10.3-12-29. Rollover Contributions; Rollover Accounts

Sec. 29. (a) To the extent permitted by the Internal Revenue Code and the applicable regulations and guidance, the plan may accept, on behalf of any member, a rollover distribution from any of the following:(1) A qualified plan described in Section 401(a) or Section 403(a) of the Internal Revenue Code.(2) An annuity contract or account described in Section 403(b) of the Internal Revenue Code.(3) An eligible plan maintained by a state, a political subdivision of a state, or an agency or instrumentality of a state or political subdivision of a state under Section 457(b) of the Internal Revenue Code.(4) An individual retirement account or annuity described in Section 408(a) or Section 408(b) of the Internal Revenue Code.(b) Any amounts rolled over under subsection (a) must be accounted for in a "rollover account" that is separate from the member's account in the plan. The member shall be fully vested in the member's rollover account.(c) A member may direct the investment of the member's rollover account into any alternative investment option that the board may make available to the member's rollover account under section 22 of this chapter.(d) A member may withdraw all or part of the member's rollover account from the plan in a lump sum or direct a rollover to an eligible retirement plan at any time. Upon attainment of normal retirement age, in addition to these payment options, the member may withdraw the member's rollover account as a monthly annuity as established by the board in accordance with the annuity options that are available for the member's account in the plan. A member must make a required withdrawal from the member's account in the plan not later than the required beginning date under the Internal Revenue Code.As added by P.L.22-2011, SEC.2. Amended by P.L.179-2018, SEC.10; P.L.27-2019, SEC.10.
IN Code § 5-10.3-12-30 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.3. The Public Employees' Retirement Fund|Chapter 12. Public Employees' Defined Contribution Plan|5-10.3-12-30. Member Accounts; Disability Withdrawals; Forms of Payment

Sec. 30. (a) If a member becomes disabled while in a covered position, subject to any federal law limitations concerning qualified plan distributions and the member furnishing proof of the member's qualification for Social Security disability benefits to the board, to the extent that the member is vested, the member may make a full or partial withdrawal from the member's account.(b) The member may elect to have the withdrawal paid as:(1) a lump sum;(2) a direct rollover to another eligible retirement plan; or(3) a monthly annuity in accordance with the rules of the board.(c) The board may establish a minimum account balance or a minimum monthly payment amount in order for a member to select the monthly annuity option.As added by P.L.22-2011, SEC.2. Amended by P.L.6-2012, SEC.34; P.L.27-2019, SEC.11.
IN Code § 5-10.3-12-31 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.3. The Public Employees' Retirement Fund|Chapter 12. Public Employees' Defined Contribution Plan|5-10.3-12-31. Effect of Reemployment on Plan Participation

Sec. 31. (a) If a member of the plan separates from employment with the member's employer and later begins employment with the same or a different employer in a position covered by the plan:(1) the member resumes the member's participation in the plan; and(2) the member is entitled to receive credit for the member's years of participation in the plan before the member's separation.Any amounts forfeited by the member under section 25(e) of this chapter may not be restored to the member's account.(b) An individual who returns to state employment having had an opportunity to make an election under section 20 of this chapter during an earlier period of state employment is not entitled to a second opportunity to make an election under section 20 of this chapter.(c) An individual described in section 1(a)(3) of this chapter who returns to employment with a participating political subdivision having had an opportunity to make an election under section 20.5 of this chapter during an earlier period of employment with the participating political subdivision is not entitled to a second opportunity to make an election under section 20.5 of this chapter with respect to that employer.As added by P.L.22-2011, SEC.2. Amended by P.L.241-2015, SEC.36; P.L.209-2016, SEC.7; P.L.85-2017, SEC.9.
IN Code § 5-10.3-12-32 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.3. The Public Employees' Retirement Fund|Chapter 12. Public Employees' Defined Contribution Plan|5-10.3-12-32. Election by State or Participating Political Subdivision to Allow Plan Participation by Retired Reemployed Fund Members

Sec. 32. (a) Notwithstanding section 20 and section 31(b) of this chapter, the state may elect to allow an individual who meets the following conditions to begin or resume membership in the plan for a period of reemployment with the state on the later of the date the board receives notice that the state has made an election under this subsection or the date on which the individual's period of reemployment begins:(1) The individual is a retired member (as defined in IC 5-10.3-1-5) of the fund.(2) The individual is prohibited from making contributions to the fund under IC 5-10.2-4-8(e) during a period of reemployment that begins more than thirty (30) days after the member retired.(3) On or after the date the board receives notice that the state has made an election under this subsection, the individual begins, or is engaged in, a period of reemployment with the state in a position that would otherwise be covered by the fund.An election by the state under this subsection must be made as provided under IC 5-10.2-2-23 and is effective on the date that notice of the election is filed with the board.(b) Notwithstanding section 20.5 and section 31(c) of this chapter, a participating political subdivision may adopt an ordinance or resolution allowing an individual who meets the following conditions to begin or resume membership in the plan for a period of reemployment with the participating political subdivision on the later of the date the ordinance or resolution adopted by the participating political subdivision is filed with the board or the date on which the individual's period of reemployment begins:(1) The individual is a retired member (as defined in IC 5-10.3-1-5) of the fund.(2) The individual is prohibited from making contributions to the fund under IC 5-10.2-4-8(e) during a period of reemployment that begins more than thirty (30) days after the member retired.(3) On or after the date a participating political subdivision files an ordinance or resolution adopted under this subsection, the individual begins, or is engaged in, a period of reemployment with a participating political subdivision as a full-time employee in a position that would otherwise be covered by the fund.An election by a participating political subdivision under this subsection is effective on the date the ordinance or resolution adopted by a participating political subdivision is filed with the board.As added by P.L.209-2016, SEC.8.
IN Code § 5-10.4-1-0.3 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.4. State Teachers' Retirement Fund|Chapter 1. General Provisions|5-10.4-1-0.3. Legalization of Payment of Certain Benefits

Sec. 0.3. If before June 1, 1985, the board approved a member's choice of retirement date that preceded the member's application for benefits, payments made as a result of the choice of retirement date are legalized.As added by P.L.220-2011, SEC.84.
IN Code § 5-10.4-1-0.4 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.4. State Teachers' Retirement Fund|Chapter 1. General Provisions|5-10.4-1-0.4. Retention of Certain Accrued Creditable Service

Sec. 0.4. (a) The definitions in IC 21-6.1-1 (before its repeal, now codified in this chapter) apply throughout this section.(b) Notwithstanding IC 21-6.1-4-5 (as amended by P.L.214-1995, before its repeal, now codified at IC 5-10.4-4-7) and IC 21-6.1-4-13(a) (as added by P.L.214-1995, before its repeal, now codified at IC 5-10.4-4-14), and subject to IC 21-6.1-4-13(b) (as added by P.L.214-1995, before its repeal, now codified at IC 5-10.4-4-14), a member who accrued creditable service before January 1, 1995, for leave for other educational employment approved by the board:(1) retains the creditable service accrued before January 1, 1995, resulting from the leave for other educational employment that was approved by the board; and(2) continues to accrue creditable service after December 31, 1994, resulting from the leave for other educational employment that was approved before January 1, 1995, by the board.As added by P.L.220-2011, SEC.85.
IN Code § 5-10.4-1-1 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.4. State Teachers' Retirement Fund|Chapter 1. General Provisions|5-10.4-1-1. Purpose

Sec. 1. This article supplements IC 5-10.2 and may not be construed or administered to diminish or nullify the rights, privileges, and benefits conferred by IC 5-10.2, except for the granting and purchase of service credit under IC 21-6.1-4 (before its repeal) or IC 5-10.4-4.[Pre-2006 Education Finance Recodification Citation: 21-6.1-5-19(a).]As added by P.L.2-2006, SEC.28.
IN Code § 5-10.4-1-2 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.4. State Teachers' Retirement Fund|Chapter 1. General Provisions|5-10.4-1-2. Application

Sec. 2. The definitions in this chapter apply throughout this article.[2006 Education Finance Recodification Citation: New.]As added by P.L.2-2006, SEC.28.
IN Code § 5-10.4-1-3 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.4. State Teachers' Retirement Fund|Chapter 1. General Provisions|5-10.4-1-3. "1996 Account"

Sec. 3. "1996 account" refers to the 1996 account established within the fund under IC 5-10.4-2-2.[Pre-2006 Education Finance Recodification Citation: 21-6.1-1-6.7.]As added by P.L.2-2006, SEC.28.