Indiana § 5-10-5.5-8 Contributions; rate; payroll deductions; employer pick-up of
contributions

Indiana Statutes

§ 5-10-5.5-8 — Contributions; rate; payroll deductions; employer pick-up of contributions

Indiana § 5-10-5.5-8

Title 5STATE AND LOCAL ADMINISTRATION

Art. 10PUBLIC EMPLOYEE BENEFITS

Ch. 5.5State Excise Police, Gaming Agent, Gaming Control

This text of Indiana § 5-10-5.5-8 (Contributions; rate; payroll deductions; employer pick-up of contributions) 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 § 5-10-5.5-8 (2026).

Text

(a)Except as provided in subsection (c), every participant shall contribute four percent (4%) of the participant's annual salary to the participants' savings fund.

(b)Contributions shall be made in the form of payroll deductions from each and every payment of salary received by the participant. Every participant shall, as a condition precedent to becoming a participant, consent to the payroll deductions.

(c)An employer may pay all or a part of the contributions for the participant. All contributions made by an employer under this subsection shall be treated as pick-up contributions under Section 414(h)(2) of the Internal Revenue Code.

(d)After December 31, 2011, an employer shall submit the contributions paid by or on behalf of a participant under this section by electronic funds trans

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(a) Except as provided in subsection (c), every
participant shall contribute four percent (4%) of the participant's annual
salary to the participants' savings fund.
(b) Contributions shall be made in the form of payroll deductions
from each and every payment of salary received by the participant.
Every participant shall, as a condition precedent to becoming a
participant, consent to the payroll deductions.
(c) An employer may pay all or a part of the contributions for the
participant. All contributions made by an employer under this
subsection shall be treated as pick-up contributions under Section
414(h)(2) of the Internal Revenue Code.
(d) After December 31, 2011, an employer shall submit the
contributions paid by or on behalf of a participant under this section by
electronic funds transfer in accordance with section 8.5 of this chapter.
Formerly: Acts 1972, P.L.1, SEC.1. As amended by
P.L.180-2007, SEC.3; P.L.13-2011, SEC.1.