Indiana § 5-10.3-12-31 Effect of reemployment on plan participation

Indiana Statutes

§ 5-10.3-12-31 — Effect of reemployment on plan participation

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

(a)If a member of the plan separates from employment with the member's employer and later begins employment with the same or a different employer in a position covered by the plan:

(1)the member resumes the member's participation in the plan; and

(2)the member is entitled to receive credit for the member's years of participation in the plan before the member's separation. Any amounts forfeited by the member under section 25(e) of this chapter may not be restored to the member's account.

(b)An individual who returns to state employment having had an opportunity to make an election under section 20 of this chapter during an earlier period of state employment is not entitled to a second opportunity to make an election under section 20 of this chapter.

(c)An individual described in sectio

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(a) If a member of the plan separates from
employment with the member's employer and later begins employment
with the same or a different employer in a position covered by the plan:
(1) the member resumes the member's participation in the plan;
and
(2) the member is entitled to receive credit for the member's years
of participation in the plan before the member's separation.
Any amounts forfeited by the member under section 25(e) of this
chapter may not be restored to the member's account.
(b) An individual who returns to state employment having had an
opportunity to make an election under section 20 of this chapter during
an earlier period of state employment is not entitled to a second
opportunity to make an election under section 20 of this chapter.
(c) An individual described in section 1(a)(3) of this chapter who
returns to employment with a participating political subdivision having
had an opportunity to make an election under section 20.5 of this
chapter during an earlier period of employment with the participating
political subdivision is not entitled to a second opportunity to make an
election under section 20.5 of this chapter with respect to that
employer.

Indiana § 5-10.3-12-31 (Effect of reemployment on plan participation) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.