§ 5-10-8.5-9 — "Retired participant"

Indiana § 5-10-8.5-9

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

Text

(a) As used in this chapter, "retired
participant" means the following:
(1) A participant who is eligible for a normal, unreduced or
disability retirement benefit (as determined by the Indiana public
employee retirement fund of which the participant is a member)
on the participant's last day of service.
(2) A participant who has completed at least ten (10) years of
service as an elected or appointed officer on the participant's last
day of service as an elected or appointed officer. For purposes of
determining whether a participant has completed at least ten (10)
years of service on the participant's last day of service for
purposes of this subdivision, any partial year of service completed
by the participant in the year in which the participant is appointed
to fill a vacant elected office shall be considered to be one (1)
complete year of service.
(3) A participant in PERF MyChoice who is at least normal
retirement age on the participant's last day of service.
(b) For a participant described in subsection (a)(2) who has service
with more than one (1) employer, the participant's years of service is
the sum of all of the participant's years of service.

Legislative History

As added by P.L.44-2007, SEC.1. Amended by P.L.205-2013, SEC.75; P.L.92-2021, SEC.5.