§ 5-10.3-12-22 — Alternative investment programs; stable value fund program; requirements and rules; administrative fees

Indiana § 5-10.3-12-22

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 10.3: THE PUBLIC EMPLOYEES' RETIREMENT
• Ch. 12: Public Employees' Defined Contribution Plan

Text

(a) Subject to the board obtaining the
approval of the Internal Revenue Service as described in section 18(b)
of this chapter, the board shall establish:
(1) a stable value fund as the regular investment program for the
plan; and
(2) alternative investment programs for the plan.
(b) The board may adopt requirements and rules that apply to the
alternative investment programs within the plan, including the
following:
(1) The board's investment guidelines and limits for the
alternative investment programs.
(2) A member's selection of and changes to the member's
investment options.
(3) The valuation of a member's account.
(4) The allocation and payment of administrative expenses for the
alternative investment programs.
(c) The board shall determine the appropriate administrative fees to
be charged to the member accounts.

Legislative History

As added by P.L.22-2011, SEC.2. Amended by P.L.6-2012, SEC.31; P.L.193-2016, SEC.16; P.L.86-2018, SEC.17; P.L.27-2019, SEC.8.