§ 5-10.2-4-1.4 — Direct deposit benefit notice

Indiana § 5-10.2-4-1.4

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 10.2: PUBLIC RETIREMENT AND DISABILITY
• Ch. 4: Retirement and Disability Benefits

Text

4. (a) This section applies to a member or a
beneficiary of the fund who receives a monthly benefit by direct
deposit.
(b) The fund shall furnish to the member or beneficiary:
(1) before each change in the amount of the member's or
beneficiary's benefit; or
(2) once every twelve (12) months, if the member's or
beneficiary's benefit amount does not change;
a written notice showing the member's or beneficiary's benefit amount,
including any cost of living increase or other adjustment to the benefit
amount, and a summary of the member's or beneficiary's benefit
payment history since the member's or beneficiary's last written notice.

Legislative History

As added by P.L.47-2003, SEC.2. Amended by P.L.115-2009, SEC.4.