Indiana § 5-10.3-12-20.3 Election during July 2016, by first time state employee who is fund
member

Indiana Statutes

§ 5-10.3-12-20.3 — Election during July 2016, by first time state employee who is fund member

Indiana § 5-10.3-12-20.3

Title 5STATE AND LOCAL ADMINISTRATION

Art. 10.3THE PUBLIC EMPLOYEES' RETIREMENT

Ch. 12Public Employees' Defined Contribution Plan

This text of Indiana § 5-10.3-12-20.3 (Election during July 2016, by first time state employee who is fund member) 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 § 5-10.3-12-20.3 (2026).

Text

3.

(a)This section applies to an individual who:

(1)is an employee of the state on July 1, 2016;

(2)became for the first time, after January 1, 2013, a full-time employee of the state in a position that is eligible for membership in the fund under IC 5-10.3-7; and

(3)is a member (as defined in IC 5-10.3-1-5) of the fund.

(b)An individual to whom this section applies may elect to become a member of the plan. An election under this section:

(1)must be made in writing;

(2)must be filed with the board, on a form prescribed by the board, not later than July 30, 2016; and

(3)is irrevocable.

(c)If an individual makes the election described in subsection (b), the following apply:

(1)The individual's service from the date, after January 1, 2013, that the individual first became a full-tim

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3. (a) This section applies to an
individual who:
(1) is an employee of the state on July 1, 2016;
(2) became for the first time, after January 1, 2013, a full-time
employee of the state in a position that is eligible for membership
in the fund under IC 5-10.3-7; and
(3) is a member (as defined in IC 5-10.3-1-5) of the fund.
(b) An individual to whom this section applies may elect to become
a member of the plan. An election under this section:
(1) must be made in writing;
(2) must be filed with the board, on a form prescribed by the
board, not later than July 30, 2016; and
(3) is irrevocable.
(c) If an individual makes the election described in subsection (b),
the following apply:
(1) The individual's service from the date, after January 1, 2013,
that the individual first became a full-time employee of the state
until the date immediately preceding the date of the individual's
election under subsection (b) is considered participation in the
plan for purposes of vesting in the employer contribution
subaccount under section 25 of this chapter, and the individual
waives service credit in the fund for the service.
(2) The amount credited to the individual's annuity savings
account in the fund on the date of the individual's election under
subsection (b) is transferred to the individual's member
contribution subaccount.
(3) The amounts paid to the fund by the state as employer normal
cost contributions for the individual from the date, after January
1, 2013, that the individual first became a full-time employee of
the state until the date immediately preceding the date of the
individual's election under subsection (b) are transferred to the
individual's employer contribution subaccount.