§ 5-10.3-12-24.7 — Political subdivision contributions; members of a volunteer fire department

Indiana § 5-10.3-12-24.7

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

Text

7. (a) This section applies to a
participating political subdivision's contributions for an individual
described in section 1(a)(7) of this chapter with respect to the
individual's service with a volunteer fire department.
(b) The governing body of a participating political subdivision shall
determine the participating political subdivision's contribution to the
plan for individuals described in section 1(a)(7) of this chapter with
respect to the individual's service with the volunteer fire department in
accordance with IC 5-10.3-6-1.1.
(c) For each individual described in section 1(a)(7) of this chapter
for whom the participating political subdivision makes a contribution
under this section, the amount credited to the member's account is the
entire amount of the contribution that is made on behalf of the
individual. No part of a contribution made on behalf of the individual
under this section may be paid into the fund.
(d) A participating political subdivision shall submit the employer
contributions determined under this section as provided in IC 5-10.2-2-12.5.

Legislative History

As added by P.L.96-2020, SEC.7.