Indiana § 10-12-2-6 Dependent's pension reserve account

Indiana Statutes

§ 10-12-2-6 — Dependent's pension reserve account

Indiana·Title 10 PUBLIC SAFETY·Art. 12 STATE POLICE PENSIONS AND BENEFITS·Ch. 2 Pension, Death, Disability, Survivor, and Other Benefits

(a)The department may establish, operate, and make necessary contributions to a dependent's pension reserve account for the payment of pensions to dependent parents, surviving spouses, and dependent unmarried children of employee beneficiaries who are killed in the line of duty.

(b)The maximum monthly pension amount payable to dependent mothers, dependent fathers, and surviving spouses:

(1)may not exceed the then current basic monthly pension amount paid to retirees; and

(2)shall cease with the last payment before the dependent parent's or surviving spouse's death.

(c)Except as provided in subsections (d) through (f), the maximum monthly pension amount payable to each dependent unmarried child may not exceed thirty percent (30%) of the current basic monthly pension amount paid to reti

Free access — add to your briefcase to read the full text and ask questions with AI

(a) The department may establish, operate, and
make necessary contributions to a dependent's pension reserve account
for the payment of pensions to dependent parents, surviving spouses,
and dependent unmarried children of employee beneficiaries who are
killed in the line of duty.
(b) The maximum monthly pension amount payable to dependent
mothers, dependent fathers, and surviving spouses:
(1) may not exceed the then current basic monthly pension
amount paid to retirees; and
(2) shall cease with the last payment before the dependent parent's
or surviving spouse's death.
(c) Except as provided in subsections (d) through (f), the maximum
monthly pension amount payable to each dependent unmarried child
may not exceed thirty percent (30%) of the current basic monthly
pension amount paid to retirees. The payment shall cease with the last
payment before the child's marriage or nineteenth birthday, whichever
occurs first.
(d) The total monthly pension amount paid to all dependent
unmarried children of an employee beneficiary may not exceed the
current basic monthly amount paid to retirees.
(e) Each unmarried dependent child who is at least nineteen (19)
years of age but less than twenty-three (23) years of age is eligible to
receive a pension payment while enrolled as a full-time student in a
school, college, or university.
(f) A dependent child, married or unmarried, of an employee
beneficiary who is killed in the line of duty is eligible for an
educational costs exemption as provided under IC 21-14-4.
(g) All dependent mothers, dependent fathers, surviving spouses,
and dependent children who received a dependent pension on June 30,
1969, shall receive a pension calculated as provided by this section
beginning on July 1, 1969. Any surviving spouse electing to, or who
has previously elected to, receive joint survivorship benefits instead of
pension payments is eligible to receive the full pension benefit.
[Pre-2003 Recodification Citation: 10-1-2-5.]