§ 21-38-7-8 — Contributing fund members; date participation is effective

Indiana § 21-38-7-8

• Jurisdiction: Indiana
• Title 21: HIGHER EDUCATION
• Art. 38: STATE EDUCATIONAL INSTITUTIONS:
• Ch. 7: Transfer of Membership From Indiana State Teachers'

Text

If an employee is a contributing fund member
at the time the employee elects under section 5 of this chapter to
participate in a retirement benefit system:
(1) the employee's rights in the fund on the date the employee's
election is effective are the same as if the employee had
terminated employment on that date; and
(2) the employee's election and suspension of membership in the
fund are effective on July 1 immediately following the date the
employee files the election with the state educational institution.
[Pre-2007 Higher Education Recodification Citations:
21-6.1-8-2(f); 21-6.1-8-2(c).]

Legislative History

As added by P.L.2-2007, SEC.279.