Indiana § 5-10.3-11-4 Certification of information to state board; determination of total
pension payments

Indiana Statutes

§ 5-10.3-11-4 — Certification of information to state board; determination of total pension payments

Indiana § 5-10.3-11-4

Title 5STATE AND LOCAL ADMINISTRATION

Art. 10.3THE PUBLIC EMPLOYEES' RETIREMENT

Ch. 11Pension Relief Fund

This text of Indiana § 5-10.3-11-4 (Certification of information to state board; determination of total pension payments) 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 § 5-10.3-11-4 (2026).

Text

(a)Monies from the pension relief fund shall be paid annually by the state board under the procedures specified in this section.

(b)Each year, before a date set by the state board, each unit of local government must certify to the state board:

(1)the amount of payments made during the preceding year for benefits under its pension funds covered by this chapter, referred to in this section as "pension payments";

(2)the data determined necessary by the state board to perform an actuarial valuation of the unit's pension funds covered by this chapter;

(3)the names required to prepare the list specified in subsection

(c); and

(4)any other information that is necessary for the state board to make distributions to units under this chapter. A unit is ineligible to receive a distribution under

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(a) Monies from the pension relief fund shall
be paid annually by the state board under the procedures specified in
this section.
(b) Each year, before a date set by the state board, each unit of local
government must certify to the state board:
(1) the amount of payments made during the preceding year for
benefits under its pension funds covered by this chapter, referred
to in this section as "pension payments";
(2) the data determined necessary by the state board to perform an
actuarial valuation of the unit's pension funds covered by this
chapter;
(3) the names required to prepare the list specified in subsection
(c); and
(4) any other information that is necessary for the state board to
make distributions to units under this chapter.
A unit is ineligible to receive a distribution under this section if it does
not supply the complete information required by this subsection or a
substantial amount of the information required if it is accompanied by
an affidavit of the chief executive officer of the unit detailing the steps
which have been taken to obtain the information and the reasons the
complete information has not been obtained. The reporting requirement
of this subsection is in addition to the reporting requirement of IC 5-11-20.
(c) Each year, before a date set by the state board, the state board
shall prepare a list of all police officers and firefighters, active, retired,
and deceased if their beneficiaries are eligible for benefits, who are
members of a police or fire pension fund that was established before
May 1, 1977. The list may not include police officers, firefighters, or
their beneficiaries for whom no future benefits will be paid. The state
board shall then compute the present value of the accrued liability to
provide the pension and other benefits to each person on the list.
(d) Each year, before a date set by the state board, the state board
shall determine the total pension payments made by all units of local
government for the preceding year and shall estimate the total pension
payments to be made to all units in the calendar year in which the July
1 occurs and in the following calendar year.
[Pre-Local Government Recodification Citation:
19-1-37.3-4 part.]
As added by Acts 1980, P.L.8, SEC.45. Amended by Acts 1982,
P.L.39, SEC.1; P.L.25-1994, SEC.8; P.L.26-1996, SEC.4; P.L.38-2001,
SEC.1; P.L.146-2008, SEC.35; P.L.47-2013, SEC.2.