§ 5-10-8.5-17 — Eligibility for benefits; benefit amount

Indiana § 5-10-8.5-17

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

Text

(a) A retired participant is entitled to
receive a benefit from the account. The benefit amount is the balance
in the participant's subaccount as determined under this chapter.
(b) A participant who is not a retired participant is not entitled to
receive a benefit from the account when the participant separates from
service.
(c) Years of service that accrued to an individual during the
individual's service as an employee described in section 1(b)(1)
through 1(b)(3) of this chapter may not be included in determining the
individual's eligibility for the retirement medical benefits account
under this chapter, regardless of whether the individual is a retired
participant described in section 9 of this chapter.

Legislative History

As added by P.L.44-2007, SEC.1. Amended by P.L.229-2011, SEC.76; P.L.108-2019, SEC.93.