§ 5-10-5.5-7 — Transfer of creditable service; credit during disability

Indiana § 5-10-5.5-7

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 10: PUBLIC EMPLOYEE BENEFITS
• Ch. 5.5: State Excise Police, Gaming Agent, Gaming Control

Text

(a) Upon election to become a participant by
any officer who is a member of the public employees' retirement fund,
the board shall transfer all creditable service standing to the credit of
the electing officer under the public employees' retirement fund to the
credit of the electing officer under the retirement plan created by this
chapter.
(b) Creditable service under this chapter, including credit for
military service, shall accrue and be computed and credited to
participants in the same manner and in the same amount as creditable
service accrues, is computed and credited under the public employees'
retirement law.
(c) In addition to creditable service computed under subsection (b),
a participant is entitled to receive creditable service under this chapter
for the time the participant receives disability benefits under a
disability plan established under IC 5-10-8-7.
Formerly: Acts 1972, P.L.1, SEC.1. As amended by
P.L.180-2007, SEC.1.