§ 5-10-8.5-11 — Account established; administered by INPRS; specific appropriation required

Indiana § 5-10-8.5-11

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 10: PUBLIC EMPLOYEE BENEFITS
• Ch. 8.5: Retirement Medical Benefits Account

Text

(a) The INPRS shall adopt provisions to
establish a retirement medical benefits account as a health
reimbursement arrangement or as a separate fund under another
applicable section of the Internal Revenue Code for the purpose of
funding by an employer on a pretax basis benefits for sickness,
accident, hospitalization, and medical expenses for a participant and
the spouse and dependents of a participant after the participant's
retirement.
(b) The INPRS shall administer the account and may request the
assistance of the department, the fund, and other state agencies. The
account shall be maintained as a separate account to pay benefits for
sickness, accident, hospitalization, and medical expenses for retired
participants and their spouses and dependents.
(c) Notwithstanding any other provision of this chapter, the INPRS
may not establish the account or implement the health reimbursement
arrangement unless the general assembly makes a specific
appropriation to implement the health reimbursement arrangement.
(d) The INPRS may adopt rules and regulations under IC 5-10.5-4-2
that it considers appropriate or necessary to administer the account.

Legislative History

As added by P.L.44-2007, SEC.1. Amended by P.L.108-2019, SEC.88.