reglab/statecodes huggingface dataset:
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 8 - PUBLIC EMPLOYEES' RETIREMENT FUND MODEL PLAN AMENDMENTS › Rule 1 - Adoption of IRS Model Amendment to Comply with the Unemployment Compensation Amendments of 1992 › Section 1-3 - Purpose

Current through July 10, 2024
Authority: IC 2-3.5-3-4; IC 5-10.3-11-2; IC 5-10.5-4-2; IC
				  33-38-6-23; IC 33-39-7-11; IC 36-8-8-5
Affected: IC 2-3.5; IC 5-10-5.5; IC 5-10.3; IC 5-10.5; IC
				  33-13-8; IC 33-14-9; IC 36-8
Sec. 3.
(a) The
				purpose of this rule is to comply with the UCA to the extent required by
				Section 401(a)(31) of the Code.
(b)
				A member of the fund may elect, at the time and in the manner prescribed by the
				board of trustees, to have all or a portion of an eligible rollover
				distribution paid directly to another eligible retirement plan as specified by
				the member.
(c) A surviving spouse
				who is entitled to receive an eligible rollover distribution may elect, at the
				time and in the manner prescribed by the board of trustees, to have all or a
				portion of an eligible distribution paid directly to an individual retirement
				account or annuity as specified by the spouse.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 8 - PUBLIC EMPLOYEES' RETIREMENT FUND MODEL PLAN AMENDMENTS › Rule 2 - Model Amendment Language › Section 2-1 - Model amendment language

Current through July 10, 2024
Authority: IC 2-3.5-3-4; IC 5-10.3-11-2; IC 5-10.5-4-2; IC
				  33-13-8-25; IC 33-14-9-10; IC 36-8-8-5
Affected: IC 2-3.5; IC 5-10-5.5; IC 5-10.3; IC 5-10.5; IC
				  33-13-8; IC 33-14-9; IC 36-8
Sec. 1.
(a) The
				amendments to this rule required by EGTRRA apply to distributions made on or
				after January 1, 2002. Notwithstanding any provision of the plan to the
				contrary that would otherwise limit a distributee's election under this rule, a
				distributee may elect, at the time and in the manner prescribed by the plan
				administrator, to have any portion of an eligible rollover distribution paid
				directly to an eligible retirement plan specified by the distributee in a
				direct rollover.
(b) The following
				definitions apply throughout this rule:
(1)
				"Eligible rollover distribution" means any distribution of all or any portion
				of the balance to the credit of the distributee, except that an eligible
				rollover distribution does not include:
(A)
				any distribution that is one (1) of a series of substantially equal periodic
				payments (not less frequently than annually) made for the life (or life
				expectancy) of the distributee or the joint lives (or joint life expectancies)
				of the distributee and the distributee's designated beneficiary, or for a
				specified period of ten (10) years or more;
(B) any distribution to the extent such
				distribution is required under Section 401(a)(9) of the Code;
(C) the portion of any distribution that is
				not includible in gross income, provided that any portion of any distribution
				that is not includible in gross income may be an eligible rollover distribution
				for purposes of a rollover to either:
(i) a
				traditional individual retirement account or individual retirement
				annuity;
(ii) a qualified trust
				that is part of a plan that is a defined contribution plan that will separately
				account for the taxable and nontaxable portions of the distribution, in a
				direct trustee-to-trustee transfer; or
(iii) on or after January 1, 2007, a
				qualified trust that is part of a plan that is a defined benefit plan or an
				annuity contract described in Section 403(b) of the Internal Revenue Code that
				will separately account for the taxable and nontaxable portions of the
				distribution, in a direct trustee-to-trustee transfer; and
(D) any distribution that is made upon
				hardship by the member.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 9 - ANNUAL COMPENSATION LIMITS; IMPLEMENTATION OF ANNUAL COMPENSATION LIMITATIONS PURSUANT TO INTERNAL REVENUE CODE SECTION 401(a)(17) › Rule 1 - Annual Compensation Limits › Section 1-1 - Definitions

Current through July 10, 2024
Authority: IC 2-3.5-3-4; IC 5-10-5.5-3; IC 5-10.3-11-2; IC
				  5-10.5-4-2; IC 33-13-8-25; IC 33-14-9-10; IC 36-8-8-5
Affected: IC 2-3.5; IC 5-10-5.5; IC 5-10.2; IC 5-10.3; IC
				  5-10.5; IC 33-13-8; IC 33-14-9; IC 36-8
Sec. 1.
(a) The
				definitions in this section apply throughout this article.
(b) "Code" means the Internal Revenue Code of
				1986, 26 U.S.C. 1 et seq., and all amendments related thereto.
(c) "Fund" or "funds" means the following:
(1) Legislators' Retirement System.
(2) Public Employees' Retirement
				Fund.
(3) State Excise Police,
				Gaming Agent, Gaming Control Officer and Conservation Officers' Retirement
				Plan.
(4) Judges' Retirement
				System.
(5) 1977 Police Officers'
				and Firefighters' Pension and Disability Fund.
(6) Prosecutors' Retirement Fund.
(7) Local public safety funds funded through
				the Pension Relief Fund.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 9 - ANNUAL COMPENSATION LIMITS; IMPLEMENTATION OF ANNUAL COMPENSATION LIMITATIONS PURSUANT TO INTERNAL REVENUE CODE SECTION 401(a)(17) › Rule 1 - Annual Compensation Limits › Section 1-2 - Introduction

Current through July 10, 2024
Authority: IC 2-3.5-3-4; IC 5-10-5.5-3; IC 5-10.3-11-2; IC
				  5-10.5-4-2; IC 33-38-6-23; IC 33-39-7-11; IC 36-8-8-5
Affected: IC 2-3.5; IC 5-10-5.5; IC 5-10.2; IC 5-10.3; IC
				  5-10.5; IC 33-13-8; IC 33-14-9; IC 36-8
Sec. 2.
(a) OBRA '93
				was signed into law on August 10, 1993. Among other things, OBRA '93 contained
				amendments to Section 401(a)(17) of the Code relating to the annual
				compensation limit for tax-qualified retirement plans. Section 401(a)(17) of
				the Code provides an annual compensation limit for each employee under a
				qualified plan. This annual compensation limit applies to a plan in two (2)
				ways as follows:
(1) A plan may not base
				contributions or benefits on annual compensation in excess of the
				limit.
(2) The amount of an
				employee's annual compensation that may be taken into account in applying
				certain specified nondiscrimination rules under the Code is subject to the
				annual compensation limit.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 9 - ANNUAL COMPENSATION LIMITS; IMPLEMENTATION OF ANNUAL COMPENSATION LIMITATIONS PURSUANT TO INTERNAL REVENUE CODE SECTION 401(a)(17) › Rule 1 - Annual Compensation Limits › Section 1-3 - Purpose

Current through July 10, 2024
Authority: IC 2-3.5-3-4; IC 5-10-5.5-3; IC 5-10.3-11-2; IC
				  5-10.5-4-2; IC 33-38-6-23; IC 33-39-7-11; IC 36-8-8-5
Affected: IC 2-3.5; IC 5-10-5.5; IC 5-10.2; IC 5-10.3; IC
				  5-10.5; IC 33-13-8; IC 33-14-9; IC 36-8
Sec. 3.
The purpose of this rule is to comply with OBRA '93 as it
				  amended Section 401(a)(17) of the Code.
Expiration postponed by Executive Orders #02-22, December
					 20, 2002, and #03-53, December 30,
					 2003.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 9 - ANNUAL COMPENSATION LIMITS; IMPLEMENTATION OF ANNUAL COMPENSATION LIMITATIONS PURSUANT TO INTERNAL REVENUE CODE SECTION 401(a)(17) › Rule 1 - Annual Compensation Limits › Section 1-4 - Text

Current through July 10, 2024
Authority: IC 2-3.5-3-4; IC 5-10-5.5-3; IC 5-10.3-11-2; IC
				  5-10.5-4-2; IC 33-38-6-23; IC 33-39-7-11; IC 36-8-8-5
Affected: IC 2-3.5; IC 5-10-5.5; IC 5-10.2; IC 5-10.3; IC
				  5-10.5; IC 33-13-8; IC 33-14-9; IC 36-8
Sec. 4.
The annual compensation limitations of Code Section
				  401(a)(17) shall be applied as follows:
(1) The annual compensation limit under Code
				Section 401(a)(17), as amended by OBRA '93, shall not apply to any eligible
				participant, in any future year, to the extent that the application of the
				annual compensation limit in Code Section 401(a)(17), as amended by OBRA '93,
				would reduce the amount of annual compensation that is allowed to be taken into
				account under the fund below the amount that was allowed to be taken into
				account under the fund as in effect on July 1, 1993. As used in this
				subdivision, "eligible participants" includes all members who participated in
				the fund prior to July 1, 1996.
(2)
				The annual compensation limit under Code Section 401(a)(17), as amended by OBRA
				'93, will be effective with respect to noneligible participants as of July 1,
				1996. As used in this subdivision, "noneligible participants" includes all
				members who did not participate in the fund prior to July 1, 1996. 401(a)(17)
				of the Code.
Expiration postponed by Executive Orders #02-22, December
					 20, 2002, and #03-53, December 30,
					 2003.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 10 - ROLLOVERS AND TRUSTEE-TO-TRUSTEE TRANSFERS › Rule 1 - Rollovers and Trustee-to-Trustee Transfers › Section 1-1 - Definitions

Current through July 10, 2024
Authority: IC 2-3.5-3-4; IC 5-10.3-11-2; IC 5-10.5-4-2; IC
				  33-38-6-23; IC 33-39-7-11; IC 36-8-8-5
Affected: IC 2-3.5; IC 5-10-5.5; IC 5-10.3; IC 5-10.5; IC
				  33-39-7; IC 36-8
Sec. 1.
(a) The
				definitions in this section apply throughout this article.
(b) "Board of trustees" means the board of
				trustees of the public employees' retirement fund.
(c) "Code" means the Internal Revenue Code of
				1986, 26 U.S.C. 1 et seq., and all amendments related thereto.
(d) "Direct rollover" means a payment from an
				eligible retirement plan specified by the member to the fund.
(e) "EGTRRA" means the Economic Growth and
				Tax Relief Reconciliation Act of 2001,
				P.L.
				107-16, and all applicable regulations and
				amendments related thereto.
(f)
				"Eligible retirement plan" means:
(1) an
				individual retirement account described in Section 408(a) of the
				Code;
(2) an individual retirement
				annuity described in Section 408(b) of the Code;
(3) an annuity plan described in Section
				403(a) of the Code;
(4) a qualified
				trust described in Section 401(a) of the Code;
(5) an eligible deferred compensation plan
				under Section 457(b) of the Code that is maintained by a state, a political
				subdivision of a state, or any agency or instrumentality of a state or
				political subdivision of a state (so long as the plan agrees to separately
				account for amounts rolled into the plan); or
(6) an annuity contract under Section 403(b)
				of the Code; that accepts the distributee's eligible rollover
				distribution.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 10 - ROLLOVERS AND TRUSTEE-TO-TRUSTEE TRANSFERS › Rule 1 - Rollovers and Trustee-to-Trustee Transfers › Section 1-2 - Rollover for purchase of service

Current through July 10, 2024
Authority: IC 2-3.5-3-4; IC 5-10.3-11-2; IC 5-10.5-4-2; IC
				  33-38-6-23; IC 33-39-7-11; IC 36-8-8-5
Affected: IC 2-3.5; IC 5-10-5.5; IC 5-10.3; IC 5-10.5; IC
				  33-39-7; IC 36-8
Sec. 2.
The fund may accept any portion of an eligible rollover
				  distribution in payment of all or a portion of a member's purchase of service
				  credit authorized under the fund's statutes. The fund may accept an eligible
				  rollover distribution paid directly to the system in a direct
				  rollover.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 10 - ROLLOVERS AND TRUSTEE-TO-TRUSTEE TRANSFERS › Rule 1 - Rollovers and Trustee-to-Trustee Transfers › Section 1-3 - Trustee-to-trustee transfer

Current through July 10, 2024
Authority: IC 2-3.5-3-4; IC 5-10.3-11-2; IC 5-10.5-4-2; IC
				  33-38-6-23; IC 33-39-7-11; IC 36-8-8-5
Affected: IC 2-3.5; IC 5-10-5.5; IC 5-10.3; IC 5-10.5; IC
				  33-39-7; IC 36-8
Sec. 3.
The fund may accept a direct trustee-to-trustee transfer from
				  a deferred compensation plan under Code Section 457(b) or a tax-sheltered
				  annuity under Code Section 403(b) for the purchase of permissive service
				  credit, as defined in Code Section 415(n)(3)(A), or a repayment to which Code
				  Section 415 does not apply by reason of Code Section
				  415(k)(3).
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 10 - ROLLOVERS AND TRUSTEE-TO-TRUSTEE TRANSFERS › Rule 1 - Rollovers and Trustee-to-Trustee Transfers › Section 1-4 - Direct rollovers to Roth IRAs

Current through July 10, 2024
Authority: IC 2-3.5-3-4; IC 5-10.3-11-2; IC 5-10.5-4-2; IC
				  33-38-6-23; IC 33-39-7-11; IC 36-8-8-5
Affected: IC 2-3.5; IC 5-10-5.5; IC 5-10.3; IC 5-10.5; IC
				  33-39-7; IC 36-8
Sec. 4.
For distributions made after December 31, 2007, the fund
				  shall allow a member to elect a direct rollover of eligible rollover
				  distributions to a Roth IRA, subject to the rules that apply to rollovers from
				  a traditional IRA to a Roth IRA.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 10 - ROLLOVERS AND TRUSTEE-TO-TRUSTEE TRANSFERS › Rule 1 - Rollovers and Trustee-to-Trustee Transfers › Section 1-5 - Rollovers by nonspouse beneficiaries

Current through July 10, 2024
Authority: IC 2-3.5-3-4; IC 5-10.3-11-2; IC 5-10.5-4-2; IC
				  33-38-6-23; IC 33-39-7-11; IC 36-8-8-5
Affected: IC 2-3.5; IC 5-10-5.5; IC 5-10.3; IC 5-10.5; IC
				  33-39-7; IC 36-8
Sec. 5.
For distributions made after December 31, 2007, the fund
				  shall provide a nonspouse beneficiary who is eligible to receive a distribution
				  from the fund with the option to roll over the eligible rollover distribution
				  amounts via a trustee-to-trustee transfer to an individual retirement account
				  under Code Section 408(a) or individual annuity under Code Section 408(b),
				  which will be treated as an inherited IRA.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 12 - PUBLIC EMPLOYEES' RETIREMENT FUND ANNUAL COMPENSATION LIMIT › Rule 1 - Limits › Section 1-1 - Definitions

Current through July 10, 2024
Authority: IC 2-3.5-3-4; IC 5-10-5.5-3; IC 5-10.3-11-2; IC
				  5-10.5-4-2; IC 33-38-6-23; IC 33-39-7-11; IC 36-8-8-5
Affected: IC 2-3.5; IC 5-10-5.5; IC 5-10.2; IC 5-10.3; IC
				  5-10.5; IC 33-39-7; IC 36-8
Sec. 1.
(a) The
				definitions in this section apply throughout this article.
(b) "Code" means the Internal Revenue Code of
				1986, 26 U.S.C. 1 et seq., and all amendments related thereto.
(c) "EGTRRA" means Economic Growth and Tax
				Relief Reconciliation Act of 2001,
				P.L.
				107-16, and all applicable regulations and
				amendments related thereto.
(d)
				"Fund" or "funds" means the following:
(1)
				Legislators' retirement system.
(2)
				Public employees' retirement fund.
(3) State excise police, gaming agent, gaming
				control officer and conservation enforcement officers' retirement
				plan.
(4) Judges' retirement
				system.
(5) 1977 police officers'
				and firefighters' pension and disability fund.
(6) Prosecuting attorneys retirement
				fund.
(7) Local public safety funds
				funded through the pension relief fund.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 12 - PUBLIC EMPLOYEES' RETIREMENT FUND ANNUAL COMPENSATION LIMIT › Rule 1 - Limits › Section 1-2 - Introduction

Current through July 10, 2024
Authority: IC 2-3.5-3-4; IC 5-10-5.5-3; IC 5-10.3-11-2; IC
				  5-10.5-4-2; IC 33-38-6-23; IC 33-39-7-11; IC 36-8-8-5
Affected: IC 2-3.5; IC 5-10-5.5; IC 5-10.2; IC 5-10.3; IC
				  5-10.5; IC 33-39-7; IC 36-8
Sec. 2.
(a) OBRA '93
				was signed into law on August 10, 1993. Among other things, OBRA '93 contained
				amendments to Section 401(a)(17) of the Code relating to the annual
				compensation limit for tax-qualified retirement plans. Section 401(a)(17) of
				the Code provides an annual compensation limit for each employee under a
				qualified plan. The annual compensation limit was subsequently amended by
				EGTRRA effective for plan years beginning after December 31, 2001. A plan may
				not base contributions or benefits on annual compensation in excess of this
				annual compensation limit.
(b)
				Prior to its amendment by OBRA '93, the annual compensation limit under Section
				401(a)(17) of the Code was two hundred thousand dollars ($200,000), adjusted
				for cost-of-living increases (two hundred thirty-five thousand eight hundred
				forty dollars ($235,840) for 1993). Section 401(a)(17) of the Code was amended
				by OBRA '93 to reduce the annual compensation limit to one hundred fifty
				thousand dollars ($150,000), and to modify the manner in which cost-of-living
				adjustments are made to the annual compensation limit. EGTRRA subsequently
				amended this annual compensation limit to two hundred thousand dollars
				($200,000), as modified by cost of living adjustments.
(c) OBRA '93, however, provides a grandfather
				clause for certain eligible participants in governmental plans. This
				grandfather rule applies to individuals who already were participants in
				governmental plans before the first plan year beginning after December 31,
				1995, or, if earlier, the first plan year for which the plan is amended to
				comply with OBRA '93. Under the grandfather rule, the annual compensation limit
				contained in OBRA '93 will not apply to those eligible participants to the
				extent that the annual compensation limit in OBRA '93 would reduce the amount
				of compensation taken into account under the plan below the amount that was
				allowed to be taken into account under the plans as in effect on July 1,
				1993.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 12 - PUBLIC EMPLOYEES' RETIREMENT FUND ANNUAL COMPENSATION LIMIT › Rule 1 - Limits › Section 1-3 - Purpose

Current through July 10, 2024
Authority: IC 2-3.5-3-4; IC 5-10-5.5-3; IC 5-10.3-11-2; IC
				  5-10.5-4-2; IC 33-38-6-23; IC 33-39-7-11; IC 36-8-8-5
Affected: IC 2-3.5; IC 5-10-5.5; IC 5-10.2; IC 5-10.3; IC
				  5-10.5; IC 33-39-7; IC 36-8
Sec. 3.
The purpose of this rule is to comply with OBRA '93 and
				  EGTRRA as those acts amended Section 401(a)(17) of the Code.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 12 - PUBLIC EMPLOYEES' RETIREMENT FUND ANNUAL COMPENSATION LIMIT › Rule 1 - Limits › Section 1-4 - Text

Current through July 10, 2024
Authority: IC 2-3.5-3-4; IC 5-10-5.5-3; IC 5-10.3-11-2; IC
				  5-10.5-4-2; IC 33-38-6-23; IC 33-39-7-11; IC 36-8-8-5
Affected: IC 2-3.5; IC 5-10-5.5; IC 5-10.2; IC 5-10.3; IC
				  5-10.5; IC 33-39-7; IC 36-8
Sec. 4.
(a) The
				annual compensation limitations of Code Section 401(a)(17) shall be applied as
				follows:
(1) The annual compensation limit
				under Code Section 401(a)(17), as amended by OBRA '93 and EGTRRA, shall not
				apply to any eligible participant, in any future year, to the extent that the
				application of the annual compensation limit in Code Section 401(a)(17), as
				amended by OBRA '93 and EGTRRA, would reduce the amount of annual compensation
				that is allowed to be taken into account under the fund as in effect on July 1,
				1993. As used in this subdivision, "eligible participants" includes all members
				who participated in the fund prior to July 1, 1996.
(2) The annual compensation limit under Code
				Section 401(a)(17), as amended by OBRA '93, will be effective with respect to
				noneligible participants as of July 1, 1996. As used in this subdivision,
				"noneligible participants" includes all members who did not participate in a
				fund prior to July 1, 1996.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 13 - REQUIRED MINIMUM DISTRIBUTIONS › Rule 1 - Procedures for Required Minimum Distributions › Section 1-1 - Required minimum distribution procedure

Current through July 10, 2024
Authority: IC 5-10.2-2-1; IC 5-10.5-4-2
Affected: IC 5-10.2-4-2; IC 5-10.2-4-7; IC 5-10.5
Sec. 1.
(a)
				Distribution of each member's entire interest must begin by April 1 of the
				calendar year following the later of the calendar year in which the member:
(1) attains seventy years of age and one-half
				(70 1/2)
[seventy and one-half (70 1/2) years of age]
;
				or
(2) retires (the required
				beginning date).
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 13 - REQUIRED MINIMUM DISTRIBUTIONS › Rule 1 - Procedures for Required Minimum Distributions › Section 1-2 - Compliance with Code Section 401(a)(9) for required minimum distributions

Current through July 10, 2024
Authority: IC 5-10.2-2-1; IC 5-10.5-4-2
Affected: IC 5-10.2-2-1.5; IC 5-10.5
Sec. 2.
The retirement system will pay all benefits in accordance
				  with a good faith interpretation of the requirements of Section 401(a)(9) of
				  the Internal Revenue Code and the regulations in effect under that section, as
				  applicable to a governmental plan within the meaning of Section 414(d) of the
				  Internal Revenue Code. The retirement system is subject to the following
				  provisions:
(1) Distribution of a
				member's benefit must begin by the required beginning date, which is the later
				of the April 1 following the calendar year in which the member attains seventy
				and one-half (70 1/2) years of age or April 1 of the year following the
				calendar year in which the member terminates.
(2) The member's entire interest must be
				distributed over the member's life or the lives of the member and a designated
				beneficiary, or over a period not extending beyond the life expectancy of the
				member or of the member and a designated beneficiary.
(3) If a member dies after the required
				distribution of benefits has begun, the remaining portion of the member's
				interest must be distributed at least as rapidly as under the method of
				distribution before the member's death.
(4) If a member dies before required
				distribution of the member's benefits has begun, the member's entire interest
				must be either:
(A) distributed (in accordance
				with federal regulations) over the life or life expectancy of the designated
				beneficiary, with the distributions beginning no later than December 31 of the
				calendar year following the calendar year of the member's death; or
(B) distributed within five (5) years of the
				member's death.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 14 - INDIANA STATE TEACHERS' RETIREMENT FUND › Rule 1 - Definitions › Section 1-1 - Applicability

Current through July 10, 2024
Authority: IC 5-10.5-4-2
Affected: IC 5-10.2; IC 5-10.4; IC 5-10.5
Sec. 1.
The definitions in this rule apply throughout this
				  article.
Transferred from the Board of Trustees of the Indiana State
					 Teachers' Retirement Fund ( 550 IAC 2-1-1 ) to the Board of Trustees of the
					 Indiana Public Retirement System ( 35 IAC 14-1-1 ) by P.L. 23-2011, SECTION 22,
					 effective July 1, 2011.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 14 - INDIANA STATE TEACHERS' RETIREMENT FUND › Rule 1 - Definitions › Section 1-2 - "Annuity savings account" or "ASA" defined

Current through July 10, 2024
Authority: IC 5-10.5-4-2
Affected: IC 5-10.2-2-3
Sec. 2.
"Annuity savings account" or "ASA" means an individual
				  account consisting of member contributions and the interest credits on those
				  contributions in the guaranteed fund or the gain or loss in market value on
				  those contributions in the alternate investment program.
Transferred from the Board of Trustees of the Indiana State
					 Teachers' Retirement Fund ( 550 IAC 2-1-1.2 ) to the Board of Trustees of the
					 Indiana Public Retirement System ( 35 IAC 14-1-2 ) by P.L. 23-2011, SECTION 22,
					 effective July 1, 2011.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 14 - INDIANA STATE TEACHERS' RETIREMENT FUND › Rule 1 - Definitions › Section 1-3 - "Board" defined

Current through July 10, 2024
Authority: IC 5-10.5-4-2
Affected: IC 5-10.4-3; IC 5-10.5
Sec. 3.
"Board" means the board of trustees of the Indiana state
				  teachers' retirement fund.
Transferred from the Board of Trustees of the Indiana State
					 Teachers' Retirement Fund ( 550 IAC 2-1-2 ) to the Board of Trustees of the
					 Indiana Public Retirement System ( 35 IAC 14-1-3 ) by P.L. 23-2011, SECTION 22,
					 effective July 1, 2011.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 14 - INDIANA STATE TEACHERS' RETIREMENT FUND › Rule 1 - Definitions › Section 1-4 - "Classroom disability" defined

Current through July 10, 2024
Authority: IC 5-10.5-4-2
Affected: IC 5-10.4-5-1
Sec. 4.
"Classroom disability" refers to a medically confirmed
				  inability to continue classroom teaching due to a mental or physical condition
				  that is not necessarily of sufficient severity to meet Social Security
				  disability guidelines.
Transferred from the Board of Trustees of the Indiana State
					 Teachers' Retirement Fund ( 550 IAC 2-1-2.2 ) to the Board of Trustees of the
					 Indiana Public Retirement System ( 35 IAC 14-1-4 ) by P.L. 23-2011, SECTION 22,
					 effective July 1, 2011.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 14 - INDIANA STATE TEACHERS' RETIREMENT FUND › Rule 1 - Definitions › Section 1-5 - "Covered position" or "covered employment" defined

Current through July 10, 2024
Authority: IC 5-10.5-4-2
Affected: IC 5-10.2-2-1; IC 5-10.2-3-6; IC 5-10.4-4-1
Sec. 5.
"Covered position" or "covered employment" means a position
				  or employment covered by either the Indiana state teachers' retirement fund or
				  the public employees' retirement fund.
Transferred from the Board of Trustees of the Indiana State
					 Teachers' Retirement Fund ( 550 IAC 2-1-2.4 ) to the Board of Trustees of the
					 Indiana Public Retirement System ( 35 IAC 14-1-5 ) by P.L. 23-2011, SECTION 22,
					 effective July 1, 2011.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 14 - INDIANA STATE TEACHERS' RETIREMENT FUND › Rule 1 - Definitions › Section 1-6 - "De minimis account" or "de minimis amount" defined

Current through July 10, 2024
Authority: IC 5-10.2-2-1; IC 5-10.5-4-2
Affected: IC 5-10.2-3; IC 5-10.4-4
Sec. 6.
"De minimis account" or "de minimis amount" means an
				  inactive, retired, retired for disability, suspended, or deceased member's ASA
				  account whereby no regular and continuing contributions are being received and
				  the account has a balance of which the value is less than the actual cost of
				  making a distribution of the balance to the member or the member's
				  beneficiary.
Transferred from the Board of Trustees of the Indiana State
					 Teachers' Retirement Fund ( 550 IAC 2-1-2.6 ) to the Board of Trustees of the
					 Indiana Public Retirement System ( 35 IAC 14-1-6 ) by P.L. 23-2011, SECTION 22,
					 effective July 1, 2011.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 14 - INDIANA STATE TEACHERS' RETIREMENT FUND › Rule 1 - Definitions › Section 1-7 - "De minimis overpayment" defined

Current through July 10, 2024
Authority: IC 5-10.2-2-1; IC 5-10.5-4-2
Affected: IC 5-10.2-3; IC 5-10.4-4
Sec. 7.
"De minimis overpayment" means an active, inactive, retired,
				  retired for disability, suspended, or deceased member's ASA account which
				  received an overpayment totaling not more than ten dollars
				  ($10).
Transferred from the Board of Trustees of the Indiana State
					 Teachers' Retirement Fund ( 550 IAC 2-1-2.7 ) to the Board of Trustees of the
					 Indiana Public Retirement System ( 35 IAC 14-1-7 ) by P.L. 23-2011, SECTION 22,
					 effective July 1, 2011.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 14 - INDIANA STATE TEACHERS' RETIREMENT FUND › Rule 1 - Definitions › Section 1-8 - "Earns" defined

Current through July 10, 2024
Authority: IC 5-10.5-4-2
Affected: IC 5-10.2-4-8
Sec. 8.
"Earns" means:
(1)
				income;
(2) salary;
(3) money;
(4) wages; or
(5) fees;
accrued for the performance of services whether or not the
				  remuneration has been paid.
Transferred from the Board of Trustees of the Indiana State
					 Teachers' Retirement Fund ( 550 IAC 2-1-2.8 ) to the Board of Trustees of the
					 Indiana Public Retirement System ( 35 IAC 14-1-8 ) by P.L. 23-2011, SECTION 22,
					 effective July 1, 2011.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 14 - INDIANA STATE TEACHERS' RETIREMENT FUND › Rule 1 - Definitions › Section 1-9 - "Employer" or "employing unit" defined

Current through July 10, 2024
Authority: IC 5-10.5-4-2
Affected: IC 5-10.2-3; IC 5-10.4-4-1; IC 5-10.4-4-11; IC
				  20-24-1-4
Sec. 9.
"Employer" or "employing unit" refers to public school
				  districts, including charter schools as defined by IC 20-24-1-4, the state of
				  Indiana, Ball State University, Indiana State University, University of
				  Southern Indiana, and Vincennes University.
Transferred from the Board of Trustees of the Indiana State
					 Teachers' Retirement Fund ( 550 IAC 2-1-3 ) to the Board of Trustees of the
					 Indiana Public Retirement System ( 35 IAC 14-1-9 ) by P.L. 23-2011, SECTION 22,
					 effective July 1, 2011.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 14 - INDIANA STATE TEACHERS' RETIREMENT FUND › Rule 1 - Definitions › Section 1-10 - "Employer contribution or share" defined

Current through July 10, 2024
Authority: IC 5-10.5-4-2
Affected: IC 5-10.2-2-6; IC 5-10.4-4-4
Sec. 10.
"Employer contribution or share" refers to contributions,
				  exclusive of the annuity savings account, made to the Indiana state teachers'
				  retirement fund by employers to provide funding for the defined benefit portion
				  of the member's pension benefit.
Transferred from the Board of Trustees of the Indiana State
					 Teachers' Retirement Fund ( 550 IAC 2-1-4 ) to the Board of Trustees of the
					 Indiana Public Retirement System ( 35 IAC 14-1-10 ) by P.L. 23-2011, SECTION
					 22, effective July 1, 2011.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 14 - INDIANA STATE TEACHERS' RETIREMENT FUND › Rule 1 - Definitions › Section 1-11 - "ERM" defined

Current through July 10, 2024
Authority: IC 5-10.5-4-2
Affected: IC 5-10.2-4-2; IC 5-10.4-7-6; IC 5-10.4-7-8
Sec. 11.
"ERM" means the employer reporting and maintenance system, a
				  web-enabled software application that manages employer and member data and
				  collects members' wages and contributions.
Transferred from the Board of Trustees of the Indiana State
					 Teachers' Retirement Fund ( 550 IAC 2-1-4.4 ) to the Board of Trustees of the
					 Indiana Public Retirement System ( 35 IAC 14-1-11 ) by P.L. 23-2011, SECTION
					 22, effective July 1, 2011.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 14 - INDIANA STATE TEACHERS' RETIREMENT FUND › Rule 1 - Definitions › Section 1-12 - "Executive director duties and authority" defined

Current through July 10, 2024
Authority: IC 5-10.5-4-2
Affected: IC 5-10.4-3-5
Sec. 12.
The director shall have authority to:
(1) act on applications for
				benefits;
(2) enter into agreements
				and sign contracts on behalf of the fund pursuant to and in accordance with
				procurement policies established by the board;
(3) develop, institute, and enforce fund
				personnel and administrative policies;
(4) perform duties as is necessary to
				effectuate the statutory purposes of the fund; and
(5) perform duties as may be assigned by the
				board.
Transferred from the Board of Trustees of the Indiana State
					 Teachers' Retirement Fund ( 550 IAC 2-1-4.6 ) to the Board of Trustees of the
					 Indiana Public Retirement System ( 35 IAC 14-1-12 ) by P.L. 23-2011, SECTION
					 22, effective July 1, 2011.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 14 - INDIANA STATE TEACHERS' RETIREMENT FUND › Rule 1 - Definitions › Section 1-13 - "In service", "active service", or "serve" defined

Current through July 10, 2024
Authority: IC 5-10.5-4-2
Affected: IC 5-10.2-3-1; IC 5-10.2-3-7.5; IC
				  5-10.4-4-2
Sec. 13.
(a) "In
				service" or "active service" refers to active teaching or employment in any of
				the positions covered in IC 5-10.4-4-1, or approved leave from active service
				where a member is entitled to service credit while still under contract,
				employed, or while receiving state disability benefits.
(b) For purposes of the determination of
				service credit under IC 5-10.4-4-2, "in service", "active service", or "serve"
				means physically performing covered employment duties in any one (1) day or
				fraction thereof.
Transferred from the Board of Trustees of the Indiana State
					 Teachers' Retirement Fund ( 550 IAC 2-1-5 ) to the Board of Trustees of the
					 Indiana Public Retirement System ( 35 IAC 14-1-13 ) by P.L. 23-2011, SECTION
					 22, effective July 1, 2011.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 14 - INDIANA STATE TEACHERS' RETIREMENT FUND › Rule 1 - Definitions › Section 1-14 - "Interest credits" defined

Current through July 10, 2024
Authority: IC 5-10.5-4-2
Affected: IC 5-10.2-3-6
Sec. 14.
"Interest credits" means the amount of money that is
				  attributed to amounts invested in the guaranteed program pursuant to the
				  interest credit rate set by the board. For purposes of IC 5-10.2-3-6, the term
				  also includes earnings in the alternative investment
				  programs.
Transferred from the Board of Trustees of the Indiana State
					 Teachers' Retirement Fund ( 550 IAC 2-1-5.4 ) to the Board of Trustees of the
					 Indiana Public Retirement System ( 35 IAC 14-1-14 ) by P.L. 23-2011, SECTION
					 22, effective July 1, 2011.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 14 - INDIANA STATE TEACHERS' RETIREMENT FUND › Rule 1 - Definitions › Section 1-15 - "License" defined

Current through July 10, 2024
Authority: IC 5-10.5-4-2
Affected: IC 5-10.2-3-1; IC 5-10.4-4-1
Sec. 15.
"License" means a teaching license issued by the Indiana
				  state board of education or the Indiana professional licensing
				  agency.
Transferred from the Board of Trustees of the Indiana State
					 Teachers' Retirement Fund ( 550 IAC 2-1-6 ) to the Board of Trustees of the
					 Indiana Public Retirement System ( 35 IAC 14-1-15 ) by P.L. 23-2011, SECTION
					 22, effective July 1, 2011.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 14 - INDIANA STATE TEACHERS' RETIREMENT FUND › Rule 1 - Definitions › Section 1-16 - "PERF" defined

Current through July 10, 2024
Authority: IC 5-10.5-4-2
Affected: IC 5-10.2; IC 5-10.4
Sec. 16.
"PERF" refers to the Indiana public employees' retirement
				  fund.
Transferred from the Board of Trustees of the Indiana State
					 Teachers' Retirement Fund ( 550 IAC 2-1-6.4 ) to the Board of Trustees of the
					 Indiana Public Retirement System ( 35 IAC 14-1-16 ) by P.L. 23-2011, SECTION
					 22, effective July 1, 2011.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 14 - INDIANA STATE TEACHERS' RETIREMENT FUND › Rule 1 - Definitions › Section 1-17 - "Qualified dependent" defined

Current through July 10, 2024
Authority: IC 5-10.5-4-2
Affected: IC 5-10.2-3-7.5
Sec. 17.
"Qualified dependent" refers to a dependent of a member who
				  had the required years of credit prior to the member's death in service or
				  while eligible to receive but prior to applying for retirement or disability
				  benefits and is either under eighteen (18) years of age at the time of the
				  member's death or is determined to have, at the time of the member's death, a
				  disability that meets Social Security guidelines and was present prior to the
				  dependent's eighteenth birthday.
Transferred from the Board of Trustees of the Indiana State
					 Teachers' Retirement Fund ( 550 IAC 2-1-7 ) to the Board of Trustees of the
					 Indiana Public Retirement System ( 35 IAC 14-1-17 ) by P.L. 23-2011, SECTION
					 22, effective July 1, 2011.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 14 - INDIANA STATE TEACHERS' RETIREMENT FUND › Rule 1 - Definitions › Section 1-18 - "Qualified spouse" defined

Current through July 10, 2024
Authority: IC 5-10.5-4-2
Affected: IC 5-10.2-3-7.5
Sec. 18.
"Qualified spouse" refers to a current spouse who was married
				  to a member for at least two (2) years at the time of the member's death in
				  service or while eligible to receive retirement or disability retirement but
				  before applying for those benefits.
Transferred from the Board of Trustees of the Indiana State
					 Teachers' Retirement Fund ( 550 IAC 2-1-8 ) to the Board of Trustees of the
					 Indiana Public Retirement System ( 35 IAC 14-1-18 ) by P.L. 23-2011, SECTION
					 22, effective July 1, 2011.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 14 - INDIANA STATE TEACHERS' RETIREMENT FUND › Rule 1 - Definitions › Section 1-19 - "Record keeper" defined

Current through July 10, 2024
Authority: IC 5-10.5-4-2
Affected: IC 5-10.2-4
Sec. 19.
"Record keeper" means a third party service provider that
				  provides bookkeeping services for TRF members' individual ASA investment
				  trading transactions and individual accounts, including daily valuations of
				  accounts.
Transferred from the Board of Trustees of the Indiana State
					 Teachers' Retirement Fund ( 550 IAC 2-1-8.5 ) to the Board of Trustees of the
					 Indiana Public Retirement System ( 35 IAC 14-1-19 ) by P.L. 23-2011, SECTION
					 22, effective July 1, 2011.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 14 - INDIANA STATE TEACHERS' RETIREMENT FUND › Rule 1 - Definitions › Section 1-20 - "Regularly employed" defined

Current through July 10, 2024
Authority: IC 5-10.5-4-2
Affected: IC 5-10.4-4-1
Sec. 20.
"Regularly employed" refers to employment with covered
				  employers, as a person described in IC 5-10.4-4-1.
Transferred from the Board of Trustees of the Indiana State
					 Teachers' Retirement Fund ( 550 IAC 2-1-10 ) to the Board of Trustees of the
					 Indiana Public Retirement System ( 35 IAC 14-1-20 ) by P.L. 23-2011, SECTION
					 22, effective July 1, 2011.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 14 - INDIANA STATE TEACHERS' RETIREMENT FUND › Rule 1 - Definitions › Section 1-21 - "Reserve accounts" defined

Current through July 10, 2024
Authority: IC 5-10.4; IC 5-10.5-4-2
Affected: IC 5-10.4-2-6
Sec. 21.
"Reserve accounts" refers to TRF accounts for current and
				  future benefit payments.
Transferred from the Board of Trustees of the Indiana State
					 Teachers' Retirement Fund ( 550 IAC 2-1-10.5 ) to the Board of Trustees of the
					 Indiana Public Retirement System ( 35 IAC 14-1-21 ) by P.L. 23-2011, SECTION
					 22, effective July 1, 2011.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 14 - INDIANA STATE TEACHERS' RETIREMENT FUND › Rule 1 - Definitions › Section 1-22 - "Sabbatical" or "professional leave" defined

Current through July 10, 2024
Authority: IC 5-10.5-4-2
Affected: IC 5-10.4-4-7; IC 20-28-10-1; IC 20-28-10-2; IC
				  20-28-10-3
Sec. 22.
"Sabbatical" or "professional leave" refers to a leave of
				  absence for additional education or professional experience which will directly
				  enhance the member's performance of covered employment.
Transferred from the Board of Trustees of the Indiana State
					 Teachers' Retirement Fund ( 550 IAC 2-1-11 ) to the Board of Trustees of the
					 Indiana Public Retirement System ( 35 IAC 14-1-22 ) by P.L. 23-2011, SECTION
					 22, effective July 1, 2011.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 14 - INDIANA STATE TEACHERS' RETIREMENT FUND › Rule 1 - Definitions › Section 1-23 - "Separate accounts" defined

Current through July 10, 2024
Authority: IC 5-10.5-4-2
Affected: IC 5-10.4-7-10
Sec. 23.
Separate accounts within the 1996 account shall only be
				  required in the event the board adopts individual employer contribution rates
				  for each school corporation.
Transferred from the Board of Trustees of the Indiana State
					 Teachers' Retirement Fund ( 550 IAC 2-1-11.5 ) to the Board of Trustees of the
					 Indiana Public Retirement System ( 35 IAC 14-1-23 ) by P.L. 23-2011, SECTION
					 22, effective July 1, 2011.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 14 - INDIANA STATE TEACHERS' RETIREMENT FUND › Rule 1 - Definitions › Section 1-24 - "Supplemental contract" defined

Current through July 10, 2024
Authority: IC 5-10.5-4-2
Affected: IC 5-10.4-4-1; IC 5-10.4-4-2
Sec. 24.
"Supplemental contract" refers to a teaching contract for
				  evening or summer school employment in the public schools in a position which
				  has been officially approved and certified by the Indiana state board of
				  education.
Transferred from the Board of Trustees of the Indiana State
					 Teachers' Retirement Fund ( 550 IAC 2-1-12 ) to the Board of Trustees of the
					 Indiana Public Retirement System ( 35 IAC 14-1-24 ) by P.L. 23-2011, SECTION
					 22, effective July 1, 2011.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 14 - INDIANA STATE TEACHERS' RETIREMENT FUND › Rule 1 - Definitions › Section 1-25 - "Benefit accrual date" defined

Current through July 10, 2024
Authority: IC 5-10.5-4-2
Affected: IC 5-10.2; IC 5-10.4-5-8
Sec. 25.
(a) For
				members who choose not to delay their retirement date after ceasing employment,
				the benefit accrual date is the date in which a member ceases
				service.
(b) For all other members,
				the benefit accrual date is their retirement date chosen pursuant to IC
				5-10.2-4-1.3 and in accordance with IC 5-10.2-4-1(d)(3).
Transferred from the Board of Trustees of the Indiana State
					 Teachers' Retirement Fund ( 550 IAC 2-1-12.5 ) to the Board of Trustees of the
					 Indiana Public Retirement System ( 35 IAC 14-1-25 ) by P.L. 23-2011, SECTION
					 22, effective July 1, 2011.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 14 - INDIANA STATE TEACHERS' RETIREMENT FUND › Rule 1 - Definitions › Section 1-26 - "Sick leave" defined

Current through July 10, 2024
Authority: IC 5-10.5-4-2
Affected: IC 5-10.4-4-7
Sec. 26.
For purposes of IC 5-10.4-4-7, "sick leave" means a leave of
				  absence taken by the member due to the member's illness or injury or other
				  condition for which the member has a right to accrue, be paid, or take leave
				  pursuant to the sick leave policy of the member's employer or as part of the
				  member's teacher contract.
Transferred from the Board of Trustees of the Indiana State
					 Teachers' Retirement Fund ( 550 IAC 2-1-12.8 ) to the Board of Trustees of the
					 Indiana Public Retirement System ( 35 IAC 14-1-26 ) by P.L. 23-2011, SECTION
					 22, effective July 1, 2011.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 14 - INDIANA STATE TEACHERS' RETIREMENT FUND › Rule 1 - Definitions › Section 1-27 - "Target date fund" defined

Current through July 10, 2024
Authority: IC 5-10.5-4-2
Affected: IC 5-10.2-2-4; IC 5-10.2-3-10; IC
				  5-10.4-4-13
Sec. 27.
"Target date fund" means an investment fund that links a
				  member's investment portfolio to the member's expected retirement date
				  utilizing an investment allocation as approved by the board.
Transferred from the Board of Trustees of the Indiana State
					 Teachers' Retirement Fund ( 550 IAC 2-1-12.9 ) to the Board of Trustees of the
					 Indiana Public Retirement System ( 35 IAC 14-1-27 ) by P.L. 23-2011, SECTION
					 22, effective July 1, 2011.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 14 - INDIANA STATE TEACHERS' RETIREMENT FUND › Rule 1 - Definitions › Section 1-28 - "Teacher" defined

Current through July 10, 2024
Authority: IC 5-10.5-4-2
Affected: IC 5-10.2-4-3; IC 5-10.4-4-1
Sec. 28.
"Teacher" refers to teachers, principals, superintendents,
				  those enumerated in IC 5-10.4-4-1 as members of the Fund, or supervisory
				  personnel who are licensed by the Indiana state board of education or the
				  Indiana professional licensing agency and regularly employed by covered
				  employers. The term does not include:
(1) dormitory staff;
(2) grounds or facility management
				personnel;
(3) secretarial
				staff;
(4) occupational
				therapists;
(5) physical
				therapists;
(6) counselors;
				or
(7) other similar positions;
whereby the employee is not licensed by the state board of
				  education or the Indiana professional licensing agency as a teacher. The board
				  shall have the final determination on whether a position is within the meaning
				  of the term.
Transferred from the Board of Trustees of the Indiana State
					 Teachers' Retirement Fund ( 550 IAC 2-1-13 ) to the Board of Trustees of the
					 Indiana Public Retirement System ( 35 IAC 14-1-28 ) by P.L. 23-2011, SECTION
					 22, effective July 1, 2011.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 14 - INDIANA STATE TEACHERS' RETIREMENT FUND › Rule 1 - Definitions › Section 1-29 - "TRF" defined

Current through July 10, 2024
Authority: IC 5-10.5-4-2
Affected: IC 5-10.2; IC 5-10.4
Sec. 29.
"TRF" refers to the Indiana state teachers' retirement
				  fund.
Transferred from the Board of Trustees of the Indiana State
					 Teachers' Retirement Fund ( 550 IAC 2-1-13.4 ) to the Board of Trustees of the
					 Indiana Public Retirement System ( 35 IAC 14-1-29 ) by P.L. 23-2011, SECTION
					 22, effective July 1, 2011.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 14 - INDIANA STATE TEACHERS' RETIREMENT FUND › Rule 1 - Definitions › Section 1-30 - "Uniform contract" defined

Current through July 10, 2024
Authority: IC 5-10.5-4-2
Affected: IC 5-10.4-4-1
Sec. 30.
"Uniform contract" refers to a teaching contract for a single
				  year in a position which has been officially approved and certified by the
				  Indiana state board of education or the Indiana professional licensing
				  agency.
Transferred from the Board of Trustees of the Indiana State
					 Teachers' Retirement Fund ( 550 IAC 2-1-14 ) to the Board of Trustees of the
					 Indiana Public Retirement System ( 35 IAC 14-1-30 ) by P.L. 23-2011, SECTION
					 22, effective July 1, 2011.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 14 - INDIANA STATE TEACHERS' RETIREMENT FUND › Rule 1 - Definitions › Section 1-31 - "Withdrawal" defined

Current through July 10, 2024
Authority: IC 5-10.5-4-2
Affected: IC 5-10.2-3-6
Sec. 31.
"Withdrawal" means the disbursement to a member of the assets
				  held in the member's annuity savings account at any time prior to
				  retirement.
Transferred from the Board of Trustees of the Indiana State
					 Teachers' Retirement Fund ( 550 IAC 2-1-15 ) to the Board of Trustees of the
					 Indiana Public Retirement System ( 35 IAC 14-1-31 ) by P.L. 23-2011, SECTION
					 22, effective July 1, 2011.