Indiana § 36-8-7.5-2 Establishment of fund; local board of trustees; terms; vacancies;
compensation; bylaws

Indiana Statutes

§ 36-8-7.5-2 — Establishment of fund; local board of trustees; terms; vacancies; compensation; bylaws

Indiana § 36-8-7.5-2

Title 36LOCAL GOVERNMENT

Art. 8PUBLIC SAFETY

Ch. 7.51953 Police Pension Fund (Indianapolis)

This text of Indiana § 36-8-7.5-2 (Establishment of fund; local board of trustees; terms; vacancies; compensation; bylaws) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 36-8-7.5-2 (2026).

Text

(a)A police pension fund to be known as the 1953 fund is established in each consolidated city.

(b)The 1953 fund shall be managed by a board of trustees (referred to as the "local board" in this chapter) having nine (9) trustees, as follows:

(1)The city executive, the county treasurer, and the city police chief.

(2)One (1) retired member of the police department.

(3)Five (5) active members of the police department.

(c)The trustee under subsection (b)(2) shall be elected at a meeting of the retired members of the 1953 fund. The trustees under subsection

(b)(3) shall be elected at a meeting of the active members of the police department. The trustees are elected for terms of three (3) years, beginning on January 1 following the election, and succeeding those trustees whose terms of off

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(a) A police pension fund to be known as the
1953 fund is established in each consolidated city.
(b) The 1953 fund shall be managed by a board of trustees (referred
to as the "local board" in this chapter) having nine (9) trustees, as
follows:
(1) The city executive, the county treasurer, and the city police
chief.
(2) One (1) retired member of the police department.
(3) Five (5) active members of the police department.
(c) The trustee under subsection (b)(2) shall be elected at a meeting
of the retired members of the 1953 fund. The trustees under subsection
(b)(3) shall be elected at a meeting of the active members of the police
department. The trustees are elected for terms of three (3) years,
beginning on January 1 following the election, and succeeding those
trustees whose terms of office expire on that date.
(d) If a vacancy occurs on the local board among those trustees
elected by the police department, the remaining trustees of the local
board shall fill the vacancy for the unexpired term of the trustee
causing the vacancy, from the same class of members, active or retired,
as was the trustee causing the vacancy.
(e) Any trustee of the local board elected as an active member of the
police department automatically ceases to be a member of the local
board if the trustee ceases, for any reason, to be an active member of
the police department and the vacancy shall be filled as provided in
subsection (d).
(f) The trustees receive no compensation for their services and shall
be paid only their necessary and actual expenses, including travel
expenses, out of the fund in the custody of the treasurer, for acting
upon matters related to the 1953 fund. The submission of expenses by
any local board member and the authorization by the local board at
regular meeting is sufficient authorization to the treasurer for payment.
(g) The local board may make all necessary bylaws for:
(1) meetings of the trustees;
(2) the manner of their election, including the counting and
canvassing of the votes;
(3) the collection of all money and other property due or
belonging to the 1953 fund;
(4) all matters connected with the care, preservation, and
disbursement of the fund; and
(5) all other matters connected with the proper execution of this
chapter.
As added by Acts 1982, P.L.77, SEC.9. Amended by
P.L.127-2017, SEC.253.