Indiana § 2-3.5-5-3.5 Default investment option

Indiana Statutes

§ 2-3.5-5-3.5 — Default investment option

Indiana § 2-3.5-5-3.5

Art. 3.5LEGISLATIVE RETIREMENT BENEFITS

Ch. 5Legislators' Defined Contribution Plan

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Bluebook

Ind. Code § 2-3.5-5-3.5 (2026).

Text

5.

(a)After June 30, 2018, a participant may not make contributions to the board's general investment fund.

(b)For those participants who, as of December 31, 2018, have designated the board's general investment fund as the investment program to receive all or part of the contributions to the participant's account, the board shall designate as a substitute one (1) or more alternative investment programs that are to receive those contributions after December 31, 2018. The designation by the board of an alternative investment program to receive a participant's contributions under this subsection remains in effect until the participant makes another allowable designation.

(c)After December 31, 2018, if a participant has allocated all or part of the amount credited to the participant to the

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5. (a) After June 30, 2018, a participant may
not make contributions to the board's general investment fund.
(b) For those participants who, as of December 31, 2018, have
designated the board's general investment fund as the investment
program to receive all or part of the contributions to the participant's
account, the board shall designate as a substitute one (1) or more
alternative investment programs that are to receive those contributions
after December 31, 2018. The designation by the board of an
alternative investment program to receive a participant's contributions
under this subsection remains in effect until the participant makes
another allowable designation.
(c) After December 31, 2018, if a participant has allocated all or
part of the amount credited to the participant to the board's general
investment fund, the board shall exchange the amount allocated to the
board's general investment fund by the participant for an equivalent
market value allocation to a target date fund determined by the rules of
the board.