Indiana § 5-10.2-3-6.3 Suspension of membership; transfer of amount in annuity savings
account to purchase service credit in sheriff's pension trust

Indiana Statutes

§ 5-10.2-3-6.3 — Suspension of membership; transfer of amount in annuity savings account to purchase service credit in sheriff's pension trust

Indiana § 5-10.2-3-6.3

Title 5STATE AND LOCAL ADMINISTRATION

Art. 10.2PUBLIC RETIREMENT AND DISABILITY

Ch. 3Creditable Service; Contributions; Withdrawals; Death

This text of Indiana § 5-10.2-3-6.3 (Suspension of membership; transfer of amount in annuity savings account to purchase service credit in sheriff's pension trust) 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 § 5-10.2-3-6.3 (2026).

Text

3.

(a)Notwithstanding any other provision in this article, IC 5-10.3, or IC 5-10.4, a member who:

(1)has not attained vested status in the fund;

(2)is not an active participant in the fund; and

(3)is an active participant in a retirement plan established under IC 36-8-10-12; may suspend membership in the fund and transfer the entire amount in the member's annuity savings account in accordance with the member's purchase of service credit under IC 36-8-10-12.5.

(b)A member who makes a transfer under IC 36-8-10-12.5 from the member's annuity savings account shall provide notice of the transfer on a form provided by the board.

(c)A transfer under IC 36-8-10-12.5 is irrevocable.

(d)A member who makes a transfer under this section waives all credit for service in the fund.

Free access — add to your briefcase to read the full text and ask questions with AI

3. (a) Notwithstanding any other provision in
this article, IC 5-10.3, or IC 5-10.4, a member who:
(1) has not attained vested status in the fund;
(2) is not an active participant in the fund; and
(3) is an active participant in a retirement plan established under
IC 36-8-10-12;
may suspend membership in the fund and transfer the entire amount in
the member's annuity savings account in accordance with the member's
purchase of service credit under IC 36-8-10-12.5.
(b) A member who makes a transfer under IC 36-8-10-12.5 from the
member's annuity savings account shall provide notice of the transfer
on a form provided by the board.
(c) A transfer under IC 36-8-10-12.5 is irrevocable.
(d) A member who makes a transfer under this section waives all
credit for service in the fund.