Indiana § 10-12-1-6 "Net amount paid into the trust fund from the wages of an employee
beneficiary"

Indiana Statutes

§ 10-12-1-6 — "Net amount paid into the trust fund from the wages of an employee beneficiary"

Indiana·Title 10 PUBLIC SAFETY·Art. 12 STATE POLICE PENSIONS AND BENEFITS·Ch. 1 Definitions

"Net amount paid into the trust fund from the wages of an employee beneficiary" means:

(1)the amount of money paid into the trust fund from the wages of an employee beneficiary, plus interest at the rate of three percent (3%) or more compounded annually; less

(2)any sums, plus interest at the same rate, paid from the trust fund to:

(A)the employee beneficiary;

(B)any person claiming by, through, or under the employee beneficiary; or

(C)any government fund for the credit or benefit of the employee beneficiary. [Pre-2003 Recodification Citation: 10-1-1.9-5.]

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"Net amount paid into the trust fund from the
wages of an employee beneficiary" means:
(1) the amount of money paid into the trust fund from the wages
of an employee beneficiary, plus interest at the rate of three
percent (3%) or more compounded annually; less
(2) any sums, plus interest at the same rate, paid from the trust
fund to:
(A) the employee beneficiary;
(B) any person claiming by, through, or under the employee
beneficiary; or
(C) any government fund for the credit or benefit of the
employee beneficiary.
[Pre-2003 Recodification Citation: 10-1-1.9-5.]

Indiana § 10-12-1-6 ("Net amount paid into the trust fund from the wages of an employee beneficiary") — published by Counsel Stack Legal Research, free access to 12M+ legal documents.