Indiana § 10-12-3-5 Right to net amount paid into fund from wages

Indiana Statutes

§ 10-12-3-5 — Right to net amount paid into fund from wages

Indiana·Title 10 PUBLIC SAFETY·Art. 12 STATE POLICE PENSIONS AND BENEFITS·Ch. 3 The State Police Pre-1987 Benefit System

If an employee beneficiary ceases to be an eligible employee for any reason, including death, disability, unemployment, or retirement:

(1)the employee beneficiary;

(2)the employee beneficiary's beneficiary; or

(3)the employee beneficiary's estate; is entitled to receive at least the net amount paid into the trust fund from the wages of the employee beneficiary, either in a lump sum or in monthly installments not less than the basic pension amount. [Pre-2003 Recodification Citation: 10-1-2.2-5.]

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If an employee beneficiary ceases to be an
eligible employee for any reason, including death, disability,
unemployment, or retirement:
(1) the employee beneficiary;
(2) the employee beneficiary's beneficiary; or
(3) the employee beneficiary's estate;
is entitled to receive at least the net amount paid into the trust fund
from the wages of the employee beneficiary, either in a lump sum or in
monthly installments not less than the basic pension amount.
[Pre-2003 Recodification Citation: 10-1-2.2-5.]

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