Indiana § 5-10.2-2-4.1 Crediting interest and omitted contributions after December 31, 2016

Indiana Statutes

§ 5-10.2-2-4.1 — Crediting interest and omitted contributions after December 31, 2016

Indiana § 5-10.2-2-4.1

Title 5STATE AND LOCAL ADMINISTRATION

Art. 10.2PUBLIC RETIREMENT AND DISABILITY

Ch. 2The Retirement Funds

This text of Indiana § 5-10.2-2-4.1 (Crediting interest and omitted contributions after December 31, 2016) 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 § 5-10.2-2-4.1 (2026).

Text

1.

(a)This section applies only after December 31, 2016.

(b)Except as provided in subsection (e), the market value of the stable value fund program shall be allocated at least annually to the members participating in that program.

(c)Except as provided in subsection (e), the market value of each alternative investment program shall be allocated at least annually to the members participating in that program.

(d)Contributions to the stable value fund program and the alternative investment programs shall be invested as of the last day of the quarter in which the contributions are received or at an alternate time established by the rules of the board.

(e)This subsection applies whenever the board is required to establish an earnings rate in order to credit earnings to an omitted contribut

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1. (a) This section applies only after
December 31, 2016.
(b) Except as provided in subsection (e), the market value of the
stable value fund program shall be allocated at least annually to the
members participating in that program.
(c) Except as provided in subsection (e), the market value of each
alternative investment program shall be allocated at least annually to
the members participating in that program.
(d) Contributions to the stable value fund program and the
alternative investment programs shall be invested as of the last day of
the quarter in which the contributions are received or at an alternate
time established by the rules of the board.
(e) This subsection applies whenever the board is required to
establish an earnings rate in order to credit earnings to an omitted
contribution to a member's annuity savings account. As used in this
subsection, "omitted contribution" means a contribution contributed by
or on behalf of a member under IC 5-10.3-7-9 or IC 5-10.4-4-11 that is
received by the board after the time required by IC 5-10.3-7-12.5 or IC 5-10.4-7-6(b)(1). Notwithstanding any law to the contrary, the board
may by rule specify:
(1) a single composite earnings rate for the gain or loss in market
value for the stable value fund program for the purpose of
computing the gain or loss in market value on a member's
contributions (including omitted contributions) in the stable value
fund program; and
(2) a single composite earnings rate for the gain or loss in market
value for each alternative investment program and the period to
which the rate applies for the purpose of computing the gain or
loss in market value on a member's contributions (including
omitted contributions) in the alternate investment program.