§ 5-10-0.5-1 — Limitations on investments by public retirement fund investments; funds and trust funds established for common and unified plans of self-insurance

Indiana § 5-10-0.5-1

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 10: PUBLIC EMPLOYEE BENEFITS
• Ch. 0.5: Limitations on Public Retirement Fund Investments

Text

(a) The prohibitions of Article 11, Section 12
of the Constitution of the State of Indiana do not apply to:
(1) the public employees' retirement fund (IC 5-10.3);
(2) the Indiana state teachers' retirement fund (IC 5-10.4);
(3) the Indiana state police pre-1987 benefit system (IC 10-12-3);
(4) the Indiana state police 1987 benefit system (IC 10-12-4);
(5) any other public pension or employee retirement fund
administered by the board of trustees of the Indiana public
retirement system; or
(6) any trust fund established for common and unified plans of
self-insurance under IC 5-10-8-6 and IC 5-10-8-7(i).
(b) Investments of the funds listed in subsection (a) are subject to
the following limitations and regulations:
(1) Investments of the public employees' retirement fund and any
other public pension or employee retirement fund administered by
the board of trustees of the Indiana public retirement system are
subject to IC 5-10.3-5-3, including P.L.37-1996, and IC 5-10.5-5.
(2) Investments of the Indiana state teachers' retirement fund are
subject to IC 5-10.4-3-10 and IC 5-10.5-5.
(3) Investments of the Indiana state police benefit system are
subject to IC 10-12-2-2.
(4) Investments of any trust fund established for common and
unified plans of self-insurance under IC 5-10-8-6 and IC 5-10-8-7(i) are subject to IC 5-10-8-6 and IC 5-10-8-7(i).

Legislative History

As added by P.L.39-1997, SEC.1. Amended by P.L.2-2003, SEC.21; P.L.2-2006, SEC.12; P.L.35-2012, SEC.20; P.L.217-2017, SEC.50.