Indiana Statutes

§ 10-12-2-4 — Mortality reserve account

Indiana·Title 10 PUBLIC SAFETY·Art. 12 STATE POLICE PENSIONS AND BENEFITS·Ch. 2 Pension, Death, Disability, Survivor, and Other Benefits
The department may establish, operate, and make necessary contributions to a mortality reserve account for the payment of supplementary death benefits to deceased employee beneficiaries. However, a supplementary death benefit may not exceed twenty thousand dollars ($20,000). The department may not use a deceased employee beneficiary's retirement date with the department as a factor in determining the amount of the deceased employee beneficiary's supplementary death benefit. [Pre-2003 Recodification Citation: 10-1-2-3.]

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Legislative History

As added by P.L.2-2003, SEC.3. Amended by P.L.61-2013, SEC.1; P.L.86-2019, SEC.1.

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