Indiana Statutes

§ 10-12-4-6 — Right to net amount paid into fund from wages

Indiana·Title 10 PUBLIC SAFETY·Art. 12 STATE POLICE PENSIONS AND BENEFITS·Ch. 4 The State Police 1987 Benefit System

If an employee beneficiary ends employment for any reason before qualifying for a benefit under this chapter, the trustee shall pay to:

(1)the employee beneficiary;
(2)the employee beneficiary's beneficiary; or
(3)the employee beneficiary's estate; the net amount paid into the trust fund from the employee beneficiary's wages. This amount may be paid in a lump sum or in monthly installments not less than the basic pension amount. [Pre-2003 Recodification Citation: 10-1-2.3-6.]

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Legislative History

As added by P.L.2-2003, SEC.3.

Nearby Sections

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