Indiana § 36-8-8-7.2 Fire chief or police chief transfer of service credit to PERF

Indiana Statutes

§ 36-8-8-7.2 — Fire chief or police chief transfer of service credit to PERF

Indiana § 36-8-8-7.2

Title 36LOCAL GOVERNMENT

Art. 8PUBLIC SAFETY

Ch. 81977 Police Officers' and Firefighters' Pension and

This text of Indiana § 36-8-8-7.2 (Fire chief or police chief transfer of service credit to PERF) 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 § 36-8-8-7.2 (2026).

Text

2.

(a)This section applies to an individual:

(1)who becomes a member of the 1977 fund under section 7(h) of this chapter;

(2)whose appointment as a fire chief or police chief ends after June 30, 2007; and

(3)who is not eligible to receive a benefit from the 1977 fund at the end of the individual's appointment as a fire chief or police chief.

(b)A fund member described in subsection (a) may elect:

(1)to receive the fund member's contributions to the 1977 fund under section 8 of this chapter; or

(2)to transfer the fund member's service credit earned as a fire chief or police chief to PERF under subsection (c).

(c)If a fund member makes the election described in subsection

(b)(2), the system board shall:

(1)grant to the fund member service credit in PERF for all service earned as a f

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2. (a) This section applies to an individual:
(1) who becomes a member of the 1977 fund under section 7(h)
of this chapter;
(2) whose appointment as a fire chief or police chief ends after
June 30, 2007; and
(3) who is not eligible to receive a benefit from the 1977 fund at
the end of the individual's appointment as a fire chief or police
chief.
(b) A fund member described in subsection (a) may elect:
(1) to receive the fund member's contributions to the 1977 fund
under section 8 of this chapter; or
(2) to transfer the fund member's service credit earned as a fire
chief or police chief to PERF under subsection (c).
(c) If a fund member makes the election described in subsection
(b)(2), the system board shall:
(1) grant to the fund member service credit in PERF for all
service earned as a fire chief or police chief in the 1977 fund; and
(2) transfer from the 1977 fund to PERF:
(A) the fund member's contributions made during the fund
member's appointment as a fire chief or police chief to the 1977
fund; plus
(B) the present value of the unreduced benefit that would be
payable to the transferring fund member upon retirement under
section 10 of this chapter.
(d) The system board shall deposit the amounts transferred to PERF
under subsection (c) as follows:
(1) The fund member's contributions to the 1977 fund shall be
credited to the fund member's PERF annuity savings account.
(2) The present value of the unreduced benefit that would be
payable to the transferring fund member upon retirement under
section 10 of this chapter shall be credited to PERF's retirement
allowance account.
(e) For a fund member who makes the election described in
subsection (b)(2), all credit for service as a fire chief or police chief in
the 1977 fund is waived.