Indiana § 5-10.3-12-32 Election by state or participating political subdivision to allow plan
participation by retired reemployed fund members

Indiana Statutes

§ 5-10.3-12-32 — Election by state or participating political subdivision to allow plan participation by retired reemployed fund members

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

(a)Notwithstanding section 20 and section 31(b) of this chapter, the state may elect to allow an individual who meets the following conditions to begin or resume membership in the plan for a period of reemployment with the state on the later of the date the board receives notice that the state has made an election under this subsection or the date on which the individual's period of reemployment begins:

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

(2)The individual is prohibited from making contributions to the fund under IC 5-10.2-4-8(e) during a period of reemployment that begins more than thirty (30) days after the member retired.

(3)On or after the date the board receives notice that the state has made an election under this subsection, the indiv

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(a) Notwithstanding section 20 and section
31(b) of this chapter, the state may elect to allow an individual who
meets the following conditions to begin or resume membership in the
plan for a period of reemployment with the state on the later of the date
the board receives notice that the state has made an election under this
subsection or the date on which the individual's period of
reemployment begins:
(1) The individual is a retired member (as defined in IC 5-10.3-1-5) of the fund.
(2) The individual is prohibited from making contributions to the
fund under IC 5-10.2-4-8(e) during a period of reemployment that
begins more than thirty (30) days after the member retired.
(3) On or after the date the board receives notice that the state has
made an election under this subsection, the individual begins, or
is engaged in, a period of reemployment with the state in a
position that would otherwise be covered by the fund.
An election by the state under this subsection must be made as
provided under IC 5-10.2-2-23 and is effective on the date that notice
of the election is filed with the board.
(b) Notwithstanding section 20.5 and section 31(c) of this chapter,
a participating political subdivision may adopt an ordinance or
resolution allowing an individual who meets the following conditions
to begin or resume membership in the plan for a period of
reemployment with the participating political subdivision on the later
of the date the ordinance or resolution adopted by the participating
political subdivision is filed with the board or the date on which the
individual's period of reemployment begins:
(1) The individual is a retired member (as defined in IC 5-10.3-1-5) of the fund.
(2) The individual is prohibited from making contributions to the
fund under IC 5-10.2-4-8(e) during a period of reemployment that
begins more than thirty (30) days after the member retired.
(3) On or after the date a participating political subdivision files
an ordinance or resolution adopted under this subsection, the
individual begins, or is engaged in, a period of reemployment
with a participating political subdivision as a full-time employee
in a position that would otherwise be covered by the fund.
An election by a participating political subdivision under this
subsection is effective on the date the ordinance or resolution adopted
by a participating political subdivision is filed with the board.

Indiana § 5-10.3-12-32 (Election by state or participating political subdivision to allow plan participation by retired reemployed fund members) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.