reglab/statecodes huggingface dataset:
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 1.2 - PUBLIC EMPLOYEES' RETIREMENT FUND › Rule 6 - Miscellaneous › Section 6-4 - Deductions for health insurance and taxes; minimum amount

Current through July 10, 2024
Authority: IC 5-10.5-4-2
Affected: IC 5-10.2; IC 5-10.3
Sec. 4.
An eligible member may request deductions for health
				  insurance or taxes if the deductions do not reduce the check amount below ten
				  dollars ($10) a month. Tax withholdings may be made in any whole dollar
				  increment greater than five dollars ($5).
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 1.2 - PUBLIC EMPLOYEES' RETIREMENT FUND › Rule 6 - Miscellaneous › Section 6-5 - Interest on employer's accounts

Current through July 10, 2024
Authority: IC 5-10.5-4-2
Affected: IC 5-10.2; IC 5-10.3
Sec. 5.
All political subdivisions having a negative year-end account
				  balance may be charged an appropriate interest rate as determined by the
				  fund.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 1.2 - PUBLIC EMPLOYEES' RETIREMENT FUND › Rule 6 - Miscellaneous › Section 6-5.5 - Adjustments

Current through July 10, 2024
Authority: IC 5-10.2-2-1.5; IC 5-10.5-4-2
Affected: IC 5-10.2-3-2; IC 5-10.2-2-11; IC 5-10.3; IC
				  6-8.1-10-1
Sec. 5.5.
(a) When
				the employer submits the correct contributions to a member's ASA, but PERF
				posts the contributions to an incorrect account, the principal amount will be
				removed from the incorrect account. The principal amount adjusted at the
				interest rate defined in subsection (b) will be posted to the correct
				account.
(b) For purposes of this
				section, the interest rate shall be determined by the executive director
				annually, and shall not exceed the rate of interest set each year within IC
				6-8.1-10-1(b).
(c) Prior to the
				passage of 35 IAC 1.2-5-23, any member whose ASA lump sum full or partial
				distribution was not negotiated within one hundred eighty (180) days will
				receive interest on the amount of the payment beginning on the one hundred
				eighty-first day after the distribution was made at the interest rate defined
				in subsection (b).
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 1.2 - PUBLIC EMPLOYEES' RETIREMENT FUND › Rule 6 - Miscellaneous › Section 6-6 - Refund of contributions

Current through July 10, 2024
Authority: IC 5-10.5-4-2
Affected: IC 5-10.2; IC 5-10.3
Sec. 6.
A member who is on an approved leave of absence is not
				  eligible for a refund of contributions and accumulated interest unless the
				  reason for the leave is a layoff. In order for a member to receive a refund of
				  his PERF contributions and accumulated interest, the member must have
				  terminated his employment and be certified by his employer as being off the
				  payroll and the date of termination. Employer verification is not required
				  whenever more than one (1) year lapses from the date of the member's separation
				  from employment and contributions to the fund cease. An application for
				  voluntary withdrawal of contributions submitted by the member is an affirmation
				  by the member that the member has separated from employment. Refunds will be
				  made on or after the fifteenth day of the month next following the month of
				  termination, if such termination is on or prior to the fifteenth day of the
				  month and the application for refund is received prior to the end of the month
				  of termination. If the member becomes reemployed in a PERF-covered position
				  within thirty (30) days from the date of such termination then the effective
				  date of the suspension of membership shall be automatically deferred and the
				  member shall not be eligible for such refund. The member shall notify PERF
				  immediately if the member becomes reemployed within such thirty (30) day
				  period.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 1.2 - PUBLIC EMPLOYEES' RETIREMENT FUND › Rule 6 - Miscellaneous › Section 6-7 - Legislators' defined contribution plan loans

Current through July 10, 2024
Authority: IC 2-3.5-5-11; IC 5-10.3-3-8; IC 5-10.5-4-2
Affected: IC 2-3.5-5-11
Sec. 7.
(a) Any
				participant in the legislators' defined contribution plan may apply on the
				applicable form to the fund for a loan from the legislators' defined
				contribution plan pursuant to this rule and such other procedures as may be
				established by the fund. Such loans will be available to all such participants
				on a uniform and nondiscriminatory basis. All loans are subject to the approval
				of the fund or its designee.
(b)
				The maximum amount of such loan, when added to the outstanding balance of all
				other loans from the fund, shall not exceed the lesser of:
(1) fifty thousand dollars ($50,000), reduced
				by the excess, if any, of the highest outstanding balance of loans from the
				fund during the one (1) year period ending on the day before the date on which
				the loan is made, over the outstanding balance of loans from the fund on the
				date on which such loan is made; or
(2) one-half (1/2) of the employee's accounts
				within the defined contribution plan of the participant under the
				fund.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 1.2 - PUBLIC EMPLOYEES' RETIREMENT FUND › Rule 6 - Miscellaneous › Section 6-8 - Annuity savings account contributions received by PERF subsequent to processing of retirement benefit

Current through July 10, 2024
Authority: IC 5-10.5-4-2
Affected: IC 5-10.2-4-2
Sec. 8.
(a)
				Notwithstanding a member's election to receive an annuity provided by the
				amounts credited to the member's annuity savings account at retirement, annuity
				savings account contributions posted to a member's account subsequent to the
				final date on which the member's benefit is processed may be distributed to the
				member in a lump-sum payment.
(b)
				Pursuant to IC 5-10.2-4-2(b)(2), a member electing to fully or partially
				annuitize the member's annuity savings account in contemplation of separation
				from service and retirement, excluding state long-term disabilitants, will have
				the entire amount in the member's annuity savings account moved into a fixed
				value account, set at the same rate as the guaranteed fund. Once the annuity
				savings account is moved into a fixed value account in contemplation of
				retirement, the election cannot be changed. In addition, any annuity savings
				account contributions posted to a member's account subsequent to the final date
				on which the member's benefit is processed shall be held in a fixed value
				account, set at the same rate as the guaranteed fund, until such time as that
				amount is distributed to the member.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 1.2 - PUBLIC EMPLOYEES' RETIREMENT FUND › Rule 6 - Miscellaneous › Section 6-9 - Direct deposit of benefits

Current through July 10, 2024
Authority: IC 5-10.5-4-2
Affected: IC 5-10.2-4-1.2
Sec. 9.
(a) Direct
				deposit is the preferred way for members and beneficiaries to receive monthly
				benefits. A member or beneficiary who does not wish to have payments to the
				person deposited by direct deposit or another method approved by the board may
				request a waiver of the requirement of direct deposit or another method
				approved by the board. The member or beneficiary must:
(1) state the reason for requesting the
				waiver; and
(2) sign a waiver
				form.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 1.2 - PUBLIC EMPLOYEES' RETIREMENT FUND › Rule 6 - Miscellaneous › Section 6-10 - Withholding of payments

Current through July 10, 2024
Authority: IC 5-10.5-4-2
Affected: IC 4-21.5; IC 5-10.2; IC 5-10.3
Sec. 10.
Benefit payments may be withheld under any of the following
				  circumstances:
(1) To offset the
				overpayment of benefits to a member or beneficiary until the overpayment is
				repaid to the fund.
(2) Pending
				investigation after three (3) consecutive monthly benefit checks have been
				returned by the United States Postal Service as undeliverable.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 1.2 - PUBLIC EMPLOYEES' RETIREMENT FUND › Rule 6 - Miscellaneous › Section 6-11 - Disclaimer of interest in benefits

Current through July 10, 2024
Authority: IC 5-10.5-4-2
Affected: IC 5-10.2; IC 5-10.3; IC 32-17.5
Sec. 11.
(a) A member
				or beneficiary may disclaim in whole or part an interest in the benefits or
				assets held by PERF of which the member or beneficiary is otherwise entitled
				pursuant to the Uniform Disclaimer of Property Act (Act) and in accordance with
				this rule.
(b) A disclaimer made
				under the Act is not a transfer, an assignment, or a release.
(c) The disclaimer shall be in writing,
				titled "Disclaimer", identifying the interest to be disclaimed, and signed by
				the disclaimant.
(d) Any interest
				disclaimed in accordance with this rule shall pass as if the disclaimant had
				died immediately before the time of the distribution and such disclaimer is
				irrevocable once delivered to PERF.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 1.2 - PUBLIC EMPLOYEES' RETIREMENT FUND › Rule 6 - Miscellaneous › Section 6-12 - Withdrawal of political subdivisions and charter schools

Current through July 10, 2024
Authority: IC 5-10.5-4-2
Affected: IC 5-10.3-6-8; IC 20-24-6-7
Sec. 12.
(a) The
				withdrawal of a political subdivisions
[sic]
and charter
				schools are governed by IC 5-10.3-6-8 and this rule.
(b) Whenever a political subdivision or
				charter school intends to stop participation in PERF not as a result of the
				termination of the participant as an entity or as a result of the participant
				selling all of the participant's assets, the following process will apply:
(1) the withdrawing employer participant
				shall notify PERF in writing of its intent to withdraw and stop
				participating;
(2) the date of the
				notice shall be the first day of a participant's payroll period;
(3) the withdrawing participant shall provide
				the names of the participant's current and former employees as of the date on
				which the notice was provided;
(4)
				no further employee or employer contributions shall be made and no further
				service credit shall accrue from the date of the notice;
(5) PERF will determine the participant's
				liabilities as described in IC 5-10.3-6-8 as of the date of the
				notice;
(6) the participant shall
				contribute to PERF the amount necessary to pay the liability in a lump sum or
				amortized over a two (2) year period beginning with the notice date;
				and
(7) two (2) years after the
				notice date provided that all the requirements of IC 5-10.3-6-8 and this rule
				have been met, a termination date shall be set by PERF.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 1.2 - PUBLIC EMPLOYEES' RETIREMENT FUND › Rule 6 - Miscellaneous › Section 6-13 - Member name changes

Current through July 10, 2024
Authority: IC 5-10.5-4-2
Affected: IC 5-10.2; IC 5-10.3-7-1
Sec. 13.
PERF may accept member name changes from the member's
				  employer on behalf of the member for administration of PERF business in a form
				  and manner prescribed by PERF that includes a certification from the employer
				  that the name change has been verified by the employer and supported with a
				  copy of a marriage certificate, divorce decree, or other court order filed with
				  the employer.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 1.2 - PUBLIC EMPLOYEES' RETIREMENT FUND › Rule 7 - Administrative Proceedings › Section 7-1 - Administrative orders; proceedings; reviews

Current through July 10, 2024
Authority: IC 5-10.5-4-2
Affected: IC 4-21.5; IC 5-10.2; IC 5-10.3
Sec. 1.
All administrative orders, proceedings, and reviews shall be
				  made pursuant to IC 4-21.5.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 1.2 - PUBLIC EMPLOYEES' RETIREMENT FUND › Rule 7 - Administrative Proceedings › Section 7-2 - Pre-trial procedures

Current through July 10, 2024
Authority: IC 5-10.5-4-2
Affected: IC 5-10.2; IC 5-10.3
Sec. 2.
After any matter has been assigned to an administrative law
				  judge, a prehearing conference may be set by the administrative law judge. The
				  conference shall follow Indiana Trial Rule 16 to the extent applicable. At this
				  time the administrative law judge may encourage any informal proceedings to
				  settle the matter to the extent allowed by law. No person shall be required to
				  make settlement under these informal proceedings.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 1.2 - PUBLIC EMPLOYEES' RETIREMENT FUND › Rule 7 - Administrative Proceedings › Section 7-3 - Administrative orders; proceedings; reviews

Current through July 10, 2024
Authority: IC 5-10.5-4-2
Affected: IC 2-3.5-3-4; IC 4-21.5-3-5; IC 4-21.5-3-28; IC
				  5-10.2; IC 5-10.3-8-5; IC 33-38-6-23; IC 33-39-7-11
Sec. 3.
(a) The
				purpose of this rule is to establish procedures to process petitioner appeals
				of PERF staff action, determinations, or decisions referred to as "staff
				action" in accordance with and pursuant to the Indiana Administrative Orders
				and Procedures Act (Act), IC 4-21.5-Sec. 3.
(b) Pursuant to IC 4-21.5-3-28, the executive
				director (ED) as the board's delegate is the ultimate authority and has set
				forth the following review process to be followed before a final order is
				issued:
(1) PERF will issue an initial
				determination of its response to a questioned action.
(2) The initial determination will be sent by
				certified mail to the stakeholder with a summary of the member's right to
				administrative review.
(3) Pursuant
				to IC 4-21.5-3-5, the petitioner will have fifteen (15) days from receipt of
				PERF's initial determination to appeal in writing.
(4) Upon receipt by PERF a copy of the appeal
				will be sent to the administrative law judge (ALJ) assigned to the
				matter.
(5) The assigned ALJ may
				set a prehearing conference to discuss issues of discovery and motions for
				summary judgment and to determine a briefing schedule.
(6) If an evidentiary hearing is required,
				PERF shall provide space which is equipped with a recording device to conduct
				the hearing or engage a court reporter to make a record of the hearing if
				necessary.
(7) Once the ALJ has
				entered a decision and recommended order, the petitioner will have fifteen (15)
				days to object to the ALJ's decision.
(8) The ED will make a final determination to
				affirm, modify, or dissolve the ALJ's order. The executed final order will be
				mailed by certified mail to the ALJ and petitioner
(9) The petitioner has thirty (30) days from
				receipt of the final order to petition a court of jurisdiction for judicial
				review.
(10) If no petition for
				judicial review is filed within the thirty (30) day time period, the file is
				closed.
(11) This rule shall be
				interpreted to conform to the Act and shall be implemented pursuant to and in
				accordance with the Act.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 1.2 - PUBLIC EMPLOYEES' RETIREMENT FUND › Rule 7 - Administrative Proceedings › Section 7-4 - PERF benefit payments pending appeal

Current through July 10, 2024
Authority: IC 5-10.5-4-2
Affected: IC 4-21.5; IC 5-10.2; IC 5-10.3; IC
				  34-13-1-6
Sec. 4.
(a) A member
				who elects to exercise the right to appeal an initial determination issued by
				PERF, the prosecuting attorneys' retirement fund, the judges' retirement
				system, or the legislators' retirement system may receive benefit payments less
				the disputed amount while the matter is pending. Should the matter be resolved
				in the member's favor, future benefits will be adjusted accordingly and a
				lump-sum payment for past benefits due shall be issued within sixty (60) days.
				If, however, the necessary information has not been provided or was delayed,
				the sixty (60) day period will be extended accordingly.
(b) Whenever, by final decree or judgment, a
				sum of money is adjudged to be due to a person, the judgment shall draw an
				annual rate of interest as described in IC 34-13-1-6. The fund shall not pay
				prejudgment interest.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 1.2 - PUBLIC EMPLOYEES' RETIREMENT FUND › Rule 8 - Cost-of-Living Adjustment › Section 8-1 - Calculation

Current through July 10, 2024
Authority: IC 5-10.5-4-2
Affected: IC 5-10.2-5-29; IC 5-10.2-5-30
Sec. 1.
A cost-of-living adjustment based on purchasing power
				  replacement shall be calculated using the following elements for determinations
				  made as of July 1:
(1) The Consumer
				Price Index-W from the prior March 31 shall be used.
(2) For comparative purposes, the appropriate
				prior years' March 31 Consumer Price Index-W numbers shall be used.
(3) Retirees will be grouped (based on their
				latest retirement or disability date) by twelve (12) month periods running from
				July 2 through the following July 1. A single net adjustment percentage shall
				be calculated for each such group.
(4) Minimum and maximum amounts in prior
				postretirement adjustments shall not be taken into account.
(5) So-called
				"13th checks" shall not be taken into
				account.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 1.2 - PUBLIC EMPLOYEES' RETIREMENT FUND › Rule 8 - Cost-of-Living Adjustment › Section 8-2 - Formula

Current through July 10, 2024
Authority: IC 5-10.5-4-2
Affected: IC 5-10.2-5-29; IC 5-10.2-5-30
Sec. 2.
(a) The
				elements established in section 1 of this rule shall be used in the formula in
				subsection (b).
(b) Compare the
				cumulative Consumer Price Index increase for an affected group to the
				cumulative postretirement cost-of-living adjustments for that group, as
				determined under section 1 of this rule, and increase that group's pension
				portion by the percentage (if any) determined by the fund actuary, as necessary
				to reach the minimum purchasing power established by the Indiana general
				assembly, for example:
(1) fifty percent (50%)
				for 1999; and
(2) fifty-seven and
				four-tenths percent (57.4%) for 2000.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 1.2 - PUBLIC EMPLOYEES' RETIREMENT FUND › Rule 8 - Cost-of-Living Adjustment › Section 8-3 - Increases

Current through July 10, 2024
Authority: IC 5-10.5-4-2
Affected: IC 5-10.2-5-29; IC 5-10.2-5-30
Sec. 3.
The increase shall be applied as of July of any year
				  established by the general assembly, the first such year beginning July 1,
				  1999.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 1.2 - PUBLIC EMPLOYEES' RETIREMENT FUND › Rule 8 - Cost-of-Living Adjustment › Section 8-4 - Thirteenth check

Current through July 10, 2024
Authority: IC 5-10.5-4-2
Affected: IC 5-10-5.5; IC 5-10.2; IC 5-10.3; IC 5-10.4; IC
				  5-10.5
Sec. 4.
Unless otherwise provided by law, eligible multiple survivor
				  beneficiaries authorized to receive a one (1) time ad hoc payment commonly
				  known as the thirteenth check shall receive a pro rata share of the underlying
				  amount that a single survivor beneficiary would receive had there been only one
				  (1) eligible survivor beneficiary designated on a member's account administered
				  by the system.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 1.3 - PUBLIC EMPLOYEES' RETIREMENT FUND-DEFINED CONTRIBUTION PROGRAM › Rule 1 - General Provisions › Section 1-1 - Administration

Current through July 10, 2024
Authority: IC 5-10.3-12-18; IC 5-10.5-4-2
Affected: IC 5-10.3-12
Sec. 1.
(a) The
				public employees' defined contribution plan, created under IC 5-10.3-12
				(hereinafter referred to as the plan) shall be administered by the INPRS board
				of trustees of the Indiana public retirement system (hereinafter referred to as
				the INPRS board). The plan is a component of the public employees' retirement
				fund under the administration of the INPRS board.
(b) The executive director of the fund shall
				have the same duties and authority over the plan as apply to the fund under 35
				IAC 1.2-1-2.
(c) The INPRS board
				shall have the same duties and authority over the plan as apply to the fund
				under 35 IAC 1.2-1-3.
(d) Pursuant
				to IC 5-10.3-12-7, the INPRS board shall implement this article the first day
				of the month that is six (6) months after the month in which the Internal
				Revenue Service issues an approval of the plan.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 1.3 - PUBLIC EMPLOYEES' RETIREMENT FUND-DEFINED CONTRIBUTION PROGRAM › Rule 2 - Definitions › Section 2-1 - Definitions

Current through July 10, 2024
Authority: IC 5-10.3-12-18; IC 5-10.5-4-2
Affected: IC 5-10.2-2-2; IC 5-10.2-4-3; IC 5-10.3-12
Sec. 1.
The definitions in 35 IAC 1.2-2-1 apply throughout this
				  article, unless the term is defined in this section 1
[this
				  section]
, or unless the context otherwise clearly requires:
(1) "Annuity savings account" or "ASA" means
				the annuity savings account maintained under IC 5-10.2-2-2(a)(1), as described
				in IC 5-10.3-12-3.
(2)
				"Compensation", for the purposes of IC 5-10.3-12-23 and this plan, means all
				compensation that is included as gross income as reported on the member's W-2
				for covered service by a covered employer, plus the amounts stated in IC
				5-10.2-4-3 that are not paid directly to the member.
(3) "Employer contributions" means
				contributions made by the state credited to the member's employer contribution
				subaccount, as described in IC 5-10.3-12-9 and IC 5-10.3-12-24.
(4) "Member's contributions" means the
				member's contributions credited to the member's contribution subaccount, as
				described in IC 5-10.3-12-13 and 5-10.3-12-23
[IC 5-10.3-12-23
				]
, which is three percent (3%) of the member's compensation under IC
				5-10.3-12-5.
(5) "Plan" means the
				public employees' defined contribution plan established under IC
				5-10.3-12.
(6) "Vested" or "vested
				portion" means the portion of the member's account which is vested as described
				in IC 5-10.3-12-25.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 1.3 - PUBLIC EMPLOYEES' RETIREMENT FUND-DEFINED CONTRIBUTION PROGRAM › Rule 3 - Years of Participation › Section 3-1 - Years of participation

Current through July 10, 2024
Authority: IC
				  5-10.3-12-18;
				  IC
				  5-10.5-4-2
Affected: IC
				  5-10.2-3-1; IC
				  5-10.3-7-1; IC
				  5-10.3-7-4; IC
				  5-10.3-12
Sec 1.
(a) All years
				of participation for purposes of determining vesting under the plan are
				determined by IC 5-10.3-12 and this article.
(b) A member's years of participation shall
				be credited in yearly increments, and shall not be prorated for partial years
				of participation credit.
(c) If a
				plan participant:
(1) is employed in two (2)
				different plan-covered positions at the same time; and
(2) then terminates employment from either
				one (1) of those positions; the participant forfeits only those contributions,
				as described in IC
				5-10.3-12-25(e),
				from the participating entity from which he or she terminates. The participant
				does not forfeit any member contributions.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 1.3 - PUBLIC EMPLOYEES' RETIREMENT FUND-DEFINED CONTRIBUTION PROGRAM › Rule 3 - Years of Participation › Section 3-2 - Leave of absence

Current through July 10, 2024
Authority: IC 5-10.3-7-8; IC 5-10.5-4-2
Affected: IC 5-10.2; IC 5-10.3-7-6; IC 5-10.3-12
Sec. 2.
(a) As used
				in this section, "FMLA" refers to the Family and Medical Leave Act ( 29 U.S.C.
				2601 et seq.) and all applicable regulations and amendments.
(b) This section shall be administered in a
				manner consistent with the FMLA.
(c) Except as otherwise required by the FMLA,
				a member shall be entitled to years of participation credit for vesting
				purposes under the plan if a copy of the grant of the leave of absence is filed
				with PERF within ninety (90) days from the date the leave was authorized by the
				employer.
(d) If the member is
				compensated while on an FMLA-covered leave, the statutory contributions must be
				maintained.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 1.3 - PUBLIC EMPLOYEES' RETIREMENT FUND-DEFINED CONTRIBUTION PROGRAM › Rule 3 - Years of Participation › Section 3-3 - Reinstatement

Current through July 10, 2024
Authority: IC 5-10.5-4-2
Affected:; IC 5-10.2; IC 5-10.3-12
Sec. 3.
A member whose service is involuntarily terminated and who is
				  later reinstated as a result of a court determination and order or
				  administrative final determination and order may be eligible for employer and
				  employee contributions as provided in the court determination and order or
				  administrative final determination and order.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 1.3 - PUBLIC EMPLOYEES' RETIREMENT FUND-DEFINED CONTRIBUTION PROGRAM › Rule 3 - Years of Participation › Section 3-4 - Service credit for injured employees

Current through July 10, 2024
Authority: IC 5-10.5-4-2
Affected: IC 5-10.2; IC 5-10.3-12
Sec. 4.
Years of participation shall be earned by a member injured
				  during the scope of the member's employment and paid benefits under the
				  Workmen's
[sic, Workers']
Compensation Act or the state
				  personnel.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 1.3 - PUBLIC EMPLOYEES' RETIREMENT FUND-DEFINED CONTRIBUTION PROGRAM › Rule 3 - Years of Participation › Section 3-5 - Unused sick leave

Current through July 10, 2024
Authority: IC 5-10.3-12-18; IC 5-10.5-4
Affected: IC 5-10.3-12
Sec. 5.
No years of participation credit shall be given after a
				  member's last physical day at work for unused sick, vacation, or personal leave
				  time that may or may not be paid to the member, the member's beneficiary, or
				  estate.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 1.3 - PUBLIC EMPLOYEES' RETIREMENT FUND-DEFINED CONTRIBUTION PROGRAM › Rule 4 - Members of the Plan › Section 4-1 - Members of the plan

Current through July 10, 2024
Authority: IC 5-10.3-12-18; IC 5-10.5-4-2
Affected: IC 5-10.3-12
Sec. 1.
Members of the plan are determined by IC 5-10.3-12 and these
[sic, this]
article.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 1.3 - PUBLIC EMPLOYEES' RETIREMENT FUND-DEFINED CONTRIBUTION PROGRAM › Rule 5 - Member Accounts and Investment › Section 5-1 - Member accounts

Current through July 10, 2024
Authority: IC 5-10.3-12-18; IC 5-10.5-4-2
Affected: IC 5-10.3-12
Sec. 1.
(a) Each
				member in the plan will have an account that includes the following
				subaccounts:
(1) A "member contribution
				subaccount" as defined in IC 5-10.3-12-13.
(2) A
[sic, An]
"employer
				contribution subaccount" as defined in IC 5-10.3-12-9.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 1.3 - PUBLIC EMPLOYEES' RETIREMENT FUND-DEFINED CONTRIBUTION PROGRAM › Rule 6 - Retirement and Disability Benefits › Section 6-1 - Member distribution options

Current through July 10, 2024
Authority: IC 5-10.3-12-18; IC 5-10.5-4-2
Affected: IC 5-10.2-4-7; IC 5-10.3-12
Sec. 1.
(a) As
				provided under IC 5-10.3-12-26, IC 5-10.3-12-29, and this article, a member who
				terminates service in covered employment is entitled to withdraw the vested
				portion of the member's account as:
(1) a lump
				sum;
(2) a direct rollover to an
				eligible retirement plan, as provided in 35 IAC Article 8
[35 IAC
				8]
, and 35 IAC 10-1-4 and 10-1-5
[ 35 IAC 10-1-5 ]
;
				or
(3) if the member has attained
				normal retirement age, as defined in IC 5-10.3-12-14, as a monthly annuity,
				subject to this article.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 1.3 - PUBLIC EMPLOYEES' RETIREMENT FUND-DEFINED CONTRIBUTION PROGRAM › Rule 6 - Retirement and Disability Benefits › Section 6-2 - Preretirement survivor benefits

Current through July 10, 2024
Authority: IC 5-10.3-12-18; IC 5-10.5-4-2
Affected: IC 5-10.3-12-27
Sec. 2.
The distribution options available to the beneficiary or
				  beneficiaries shall be as described in IC 5-10.3-12-27(c), and subject to the
				  provisions of 35 IAC 1.3-6-1
[section 1 of this rule]
with
				  regard to member distribution options.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 1.3 - PUBLIC EMPLOYEES' RETIREMENT FUND-DEFINED CONTRIBUTION PROGRAM › Rule 6 - Retirement and Disability Benefits › Section 6-3 - Disability benefits

Current through July 10, 2024
Authority: IC 5-10.3-12-18; IC 5-10.5-4-2
Affected: IC 5-10.3-12-30
Sec. 3.
A member who becomes disabled while in service in a covered
				  position and who presents proof of the member's qualification for Social
				  Security benefits to the INPRS board is entitled to withdraw the vested portion
				  of the member's account as described in IC 5-10.3-12-30, 35 IAC
				  1.3-6-1
[section 1 of this rule]
, provided that a monthly
				  annuity shall be available as a distribution option regardless of whether the
				  member has attained normal retirement age, if the minimum monthly annuity
				  amount rule under 35 IAC 1.3-6-1(b)
[section 1(b) of this rule]
is satisfied.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 1.3 - PUBLIC EMPLOYEES' RETIREMENT FUND-DEFINED CONTRIBUTION PROGRAM › Rule 6 - Retirement and Disability Benefits › Section 6-4 - In-service for disability and survivor benefits

Current through July 10, 2024
Authority: IC 5-10.3-12-18; IC 5-10.5-4-2
Affected: IC 5-10.3-12
Sec. 4.
"In-service", for purposes of availability of account
				  distribution under the plan, means that the member was in an employer-employee
				  relationship as determined by the employer within established rules of the
				  employer.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 1.3 - PUBLIC EMPLOYEES' RETIREMENT FUND-DEFINED CONTRIBUTION PROGRAM › Rule 6 - Retirement and Disability Benefits › Section 6-5 - Military service and death in service; compliance with the Uniformed Services Employment and Reemployment Rights Act and the Heroes Earnings Assistance and Relief Tax Act of 2008 (HEART)

Current through July 10, 2024
Authority: IC 5-10.5-4-2; IC 5-10.3-12-18
Affected: IC 5-10.3-12
Sec. 5.
The provisions of 35 IAC 1.2-3-10 and 35 IAC 1.2-5-9.1, as
				  applicable to the annuity savings account, shall apply to this
				  plan.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 1.3 - PUBLIC EMPLOYEES' RETIREMENT FUND-DEFINED CONTRIBUTION PROGRAM › Rule 6 - Retirement and Disability Benefits › Section 6-6 - De minimis accounts

Current through July 10, 2024
Authority: IC 5-10.3-12-18; IC 5-10.5-4-2
Affected: IC 5-10.3-1
Sec. 6.
The provisions of 35 IAC 1.2-5-12.2 shall apply to the
				  plan.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 1.3 - PUBLIC EMPLOYEES' RETIREMENT FUND-DEFINED CONTRIBUTION PROGRAM › Rule 6 - Retirement and Disability Benefits › Section 6-7 - Beneficiary designation

Current through July 10, 2024
Authority: IC 5-10.3-12-18; IC 5-10.5-4-2
Affected: IC 5-10.3-12
Sec. 7.
The provisions of 35 IAC 1.2-5-13, 35 IAC 1.2-5-14, and 35
				  IAC 1.2-5-15 shall apply to the plan.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 1.3 - PUBLIC EMPLOYEES' RETIREMENT FUND-DEFINED CONTRIBUTION PROGRAM › Rule 6 - Retirement and Disability Benefits › Section 6-8 - Birth date; proof required

Current through July 10, 2024
Authority: IC 5-10.3-12-18; IC 5-10.5-4-2
Affected: IC 5-10.3-12
Sec. 8.
The provisions of 35 IAC 1.2-5-17 shall apply to the
				  plan.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 1.3 - PUBLIC EMPLOYEES' RETIREMENT FUND-DEFINED CONTRIBUTION PROGRAM › Rule 6 - Retirement and Disability Benefits › Section 6-9 - Minors and other incompetent persons

Current through July 10, 2024
Authority: IC 5-10.3-12-18; IC 5-10.5-4-2
Affected: IC 5-10.3-12
Sec. 9.
The provisions of 35 IAC 1.2-5-18 shall apply to the
				  plan.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 1.3 - PUBLIC EMPLOYEES' RETIREMENT FUND-DEFINED CONTRIBUTION PROGRAM › Rule 6 - Retirement and Disability Benefits › Section 6-10 - Unclaimed ASA assets within dormant accounts

Current through July 10, 2024
Authority: IC 5-10.3-12-18; IC 5-10.5-4-2
Affected: IC 5-10.3-12
Sec. 10.
(a) Whenever
				a member's account has received no contributions for a period of twenty (20)
				years and the member is at least sixty-three (63) years of age, the fund may
				conduct an investigation to locate the member.
(b) Reasonable costs of locating the member
				or the member's beneficiary may be charged against the member's ASA.
(c) If the member or the member's beneficiary
				is not located after an investigation to locate the member, the monies in the
				member's ASA shall be credited to the fund and the fund shall retain the monies
				until the member or the member's beneficiary claims the monies with no further
				interest credits or earnings after the monies are credited to the
				fund.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 1.3 - PUBLIC EMPLOYEES' RETIREMENT FUND-DEFINED CONTRIBUTION PROGRAM › Rule 6 - Retirement and Disability Benefits › Section 6-11 - Stale checks

Current through July 10, 2024
Authority: IC 5-10.3-12-18; IC 5-10.5-4-2
Affected: IC 5-10.3-12
Sec. 11.
The provisions of 35 IAC 1.2-5-23 shall apply to the
				  plan.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 1.3 - PUBLIC EMPLOYEES' RETIREMENT FUND-DEFINED CONTRIBUTION PROGRAM › Rule 6 - Retirement and Disability Benefits › Section 6-12 - Required minimum distributions

Current through July 10, 2024
Authority: IC 5-10.3-12-18; IC 5-10.5-4-2
Affected: IC 5-10.3-12
Sec. 12.
The provisions of 35 IAC 13, as applied to the annuity
				  savings account, shall apply to this plan.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 1.3 - PUBLIC EMPLOYEES' RETIREMENT FUND-DEFINED CONTRIBUTION PROGRAM › Rule 7 - Miscellaneous › Section 7-1 - Deductions for health insurance and taxes; minimum amount

Current through July 10, 2024
Authority: IC 5-10.3-12-18; IC 5-10.5-4-2
Affected: IC 5-10.3-12
Sec. 1.
The provisions of 35 IAC 1.2-6-4 shall apply to the
				  plan.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 1.3 - PUBLIC EMPLOYEES' RETIREMENT FUND-DEFINED CONTRIBUTION PROGRAM › Rule 7 - Miscellaneous › Section 7-2 - Adjustments

Current through July 10, 2024
Authority: IC 5-10.3-12-18; IC 5-10.5-4-2
Affected: IC 5-10.3-12
Sec. 2.
The provisions of 35 IAC 1.2-6-5.5 shall apply to the
				  plan.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 1.3 - PUBLIC EMPLOYEES' RETIREMENT FUND-DEFINED CONTRIBUTION PROGRAM › Rule 7 - Miscellaneous › Section 7-3 - Refund of contributions

Current through July 10, 2024
Authority: IC 5-10.5-4-2
Affected: IC 5-10.2; IC 5-10.3
Sec. 3.
The provisions of 35 IAC 1.2-6-6 shall apply to the
				  plan.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 1.3 - PUBLIC EMPLOYEES' RETIREMENT FUND-DEFINED CONTRIBUTION PROGRAM › Rule 7 - Miscellaneous › Section 7-4 - Annuity savings account contributions received by PERF subsequent to processing of retirement benefit

Current through July 10, 2024
Authority: IC 5-10.5-4-2
Affected: IC 5-10.2-4-2
Sec. 4.
(a)
				Notwithstanding a member's election to receive an annuity provided by the
				amounts credited to the member's annuity savings account at retirement, annuity
				savings account contributions posted to a member's account subsequent to the
				final date on which the member's benefit is processed may be distributed to the
				member in a lump-sum payment.
(b)
				Pursuant to IC 5-10.2-4-2(b)(2), a member electing to fully or partially
				annuitize the member's annuity savings account in contemplation of separation
				from service and retirement, excluding state long-term disabilitants, will have
				the entire amount in the member's annuity savings account moved into a fixed
				value account. Once the annuity savings account is moved into a fixed value
				account in contemplation of retirement, the election cannot be changed. In
				addition, any annuity savings account contributions posted to a member's
				account subsequent to the final date on which the member's benefit is processed
				shall be held in a fixed value account, until such time as that amount is
				distributed to the member.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 1.3 - PUBLIC EMPLOYEES' RETIREMENT FUND-DEFINED CONTRIBUTION PROGRAM › Rule 7 - Miscellaneous › Section 7-5 - Direct deposit of benefits

Current through July 10, 2024
Authority: IC 5-10.3-12-18; IC 5-10.5-4-2
Affected: IC 5-10.3-12
Sec. 5.
The provisions of 35 IAC 1.2-6-9 shall apply to this
				  plan.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 1.3 - PUBLIC EMPLOYEES' RETIREMENT FUND-DEFINED CONTRIBUTION PROGRAM › Rule 7 - Miscellaneous › Section 7-6 - Withholding of payments

Current through July 10, 2024
Authority: IC 5-10.3-12-18; IC 5-10.5-4-2
Affected: IC 5-10.3-12
Sec. 6.
The provisions of 35 IAC 1.2-6-10 shall apply to this
				  plan.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 1.3 - PUBLIC EMPLOYEES' RETIREMENT FUND-DEFINED CONTRIBUTION PROGRAM › Rule 8 - Administrative Proceedings › Section 8-1 - Administrative orders; proceedings; reviews

Current through July 10, 2024
Authority: IC 5-10.3-12-18; IC 5-10.5-4-2
Affected: IC 4-21.5; IC 5-10.3-12
Sec. 1.
All administrative orders, proceedings, and reviews shall be
				  made pursuant to IC 4-21.5 and 35 IAC 1.2-7.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 1.3 - PUBLIC EMPLOYEES' RETIREMENT FUND-DEFINED CONTRIBUTION PROGRAM › Rule 9 - Annual Compensation Limit › Section 9-1 - Annual compensation limit

Current through July 10, 2024
Authority: IC 5-10.3-12-18; IC 5-10.5-4-2
Affected: IC 5-10.3-12
Sec. 1.
The provisions of 35 IAC 12, as applied to the annuity
				  savings account, shall apply to this plan.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 2 - POLICE AND FIREFIGHTERS' PENSION AND DISABILITY FUND (1977 FUND) › Rule 1 - Membership › Section 1-1 - Application for membership

Current through July 10, 2024
Authority: IC 5-10.5-4-2; IC 36-8-8-5
Affected: IC 36-8-8-7
Sec. 1.
(a) Employee
				membership applications for the 1977 Police and Firefighters' Pension and
				Disability Fund (1977 Fund) will be accepted by the 1977 Fund if signed by the
				local board and the appointing authority.
(b) All application materials and other
				personal records containing medical information shall be treated as
				confidential medica l information to the extent required under the Americans
				with Disabilities Act (as defined in 35 IAC 2-9-2(b) ).
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 2 - POLICE AND FIREFIGHTERS' PENSION AND DISABILITY FUND (1977 FUND) › Rule 1 - Membership › Section 1-2 - Prior service credit; prerequisites

Current through July 10, 2024
Authority: IC 5-10.5-4-2; IC 36-8-8-5
Affected: IC 36-8-8-7; IC 36-8-8-8
Sec. 2.
Prior service credit shall be given to any member of the 1977
				  Police and Firefighters' Pension and Disability Fund (1977 Fund) providing the
				  following conditions are met:
(1) As
				used in this section, "prior service" means any services or duties performed as
				a member of the 1977 Fund after April 30, 1977.
(2) The police officer or firefighter was a
				member of the 1977 Fund and had contributions withheld for
				membership.
(3) The city, town, or
				township to which the police officer or firefighter is transferred or has been
				hired by is a member of the 1977 Fund.
(4) The member repays, either in a lump sum
				or a series of payments determined by the 1977 Fund, the amount of
				contributions plus interest which was refunded to him.
(5) For the purpose of computing benefits,
				prior service shall be included only once.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 2 - POLICE AND FIREFIGHTERS' PENSION AND DISABILITY FUND (1977 FUND) › Rule 1 - Membership › Section 1-3 - Effective date

Current through July 10, 2024
Authority: IC 5-10.5-4-2; IC 36-8-8-5
Affected: IC 36-8-8-7; IC 36-8-8-8.5
Sec. 3.
(a)
				Enrollment and pension fund rights begin on the later of the actual hire date
				on the membership record document or the admission approval date of the 1977
				Fund.
(b) If an otherwise qualified
				active member's enrollment effective date is or was delayed due to error or
				omission by the local board or hiring authority:
(1) the member or the member's employer may
				purchase at the actuarial cost such service that would have been credited to
				the 1977 Fund but for the error or omission; and
(2) the age restriction is waived if the
				member was age eligible for the 1977 Fund at the time of application.
The determination as to whether there was an error or
				  omission causing delay is in the sole discretion of the board.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 2 - POLICE AND FIREFIGHTERS' PENSION AND DISABILITY FUND (1977 FUND) › Rule 1 - Membership › Section 1-4 - Leave of absence

Current through July 10, 2024
Authority: IC 5-10.5-4-2; IC 36-8-8-5
Affected: IC 36-8-8-6
Sec. 4.
(a) As used
				in this article, "FMLA" refers to the Family and Medical Leave Act ( 29 U.S.C.
				2601 et seq.) and all applicable regulations and amendments.
(b) This section and IC 36-8-8-6 shall be
				administered in a manner consistent with the FMLA.
(c) If the member is compensated while on an
				FMLA covered leave, the statutory contributions must be maintained. A member
				may make contributions as provided in IC 36-8-8-6 during an unpaid FMLA leave,
				although such contributions would not result in credit for service for benefit
				purposes in any event. The member's employer is not required to make
				contributions with respect to an unpaid FMLA leave.
(d) In calculating credit for vesting and
				eligibility purposes, time spent on an FMLA protected leave shall be counted,
				including any time spent receiving disability benefits while on such
				leave.
(e) A member seeking credit
				for an FMLA leave must provide documentary evidence demonstrating that the
				statutory requirements have been satisfied.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 2 - POLICE AND FIREFIGHTERS' PENSION AND DISABILITY FUND (1977 FUND) › Rule 1 - Membership › Section 1-4.5 - Leave of absence

Current through July 10, 2024
Authority: IC 5-10.5-4-2; IC 36-8-8-5
Affected: IC 36-8-8-6
Sec. 4.5.
No service credit shall be given for accrued but unused sick
				  leave whether or not the member received compensation for such unused sick
				  leave.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 2 - POLICE AND FIREFIGHTERS' PENSION AND DISABILITY FUND (1977 FUND) › Rule 1 - Membership › Section 1-5 - 1977 Fund service purchases

Current through July 10, 2024
Authority: IC 5-10.5-4-2; IC 36-8-8-5
Affected: IC 36-8-8-8.3
Sec. 5.
(a) Under
				various provisions under IC 36-8-8, eligible members of the 1977 Fund may
				purchase service.
(b) The cost to
				purchase such service shall be the total actuarial cost of the service. The
				fund shall provide the eligible fund member with information with respect to
				the cost of such service.
(c) An
				eligible fund member may purchase such service subject to the following:
(1) Service may be purchased in one (1) month
				increments. The minimum service purchase is one (1) year for a member who
				elects to purchase service through a finance agreement.
(2) Installment payments are made under the
				terms of the finance agreement.
(3)
				Any such purchase may be made via a direct cash payment, a direct rollover as
				allowed by statute, or a combination of both.
(4) Any direct rollover may not exceed the
				actual cost of such service as established by the fund.
(5) Payment may be made in a lump sum,
				quarterly or annual installments for a period not to exceed five (5) years. Any
				installment may bear interest at the interest rate (defined within this
				section) effective on the date of the first installment. Any payments are
				subject to applicable Internal Revenue Service limits, and the fund may limit
				any payments in a manner necessary to comply with these limits.
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 2 - POLICE AND FIREFIGHTERS' PENSION AND DISABILITY FUND (1977 FUND) › Rule 1.1 - Medical Fitness Examinations (Voided)

Current through July 10, 2024
Voided by P.L. 4-1992, SECTION 55, effective January 26, 1992
				  (retroactive).
Indiana Administrative Code › Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM › Article 2 - POLICE AND FIREFIGHTERS' PENSION AND DISABILITY FUND (1977 FUND) › Rule 2 - Contributions; Withdrawal › Section 2-1 - Refund of deceased active member's contributions

Current through July 10, 2024
Authority: IC 5-10.5-4-2; IC 36-8-8-5
Affected: IC 36-8-8-8; IC 36-8-8-16
Sec. 1.
Deceased Active Member's Contributions. A deceased active
				  member's contributions plus accumulated interest will be refunded to the estate
				  of the deceased member, if the deceased member has no survivors eligible for
				  benefits under the fund.
If the total amount of survivor benefits paid does not exceed
				  the member's total contribution plus accumulated interest, the difference shall
				  be paid to the member's estate.