§ 5-10.3-7-3 — Optional membership

Indiana § 5-10.3-7-3

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 10.3: THE PUBLIC EMPLOYEES' RETIREMENT
• Ch. 7: Membership; Creditable Service; Contributions

Text

(a) Members of the general assembly,
including members who:
(1) completed their service before July 1, 1987; and
(2) were not members of the fund during their service in the
general assembly;
are entitled to become, at their option, members of the fund. A member
of the general assembly who completed his service before July 1, 1987,
in order to become a member of the fund must apply to the board for
membership and must present evidence satisfactory to the board of his
prior service. Such a member of the general assembly may become a
member without any service after June 30, 1987.
(b) Notwithstanding the exclusion specified in section 2(4) of this
chapter, a member of the general assembly who is a member of the
Indiana state teachers' retirement fund and who retires after June 30,
1980, may choose at his retirement date to become a member of the
public employees' retirement fund and to receive his retirement benefit
from the fund.
(c) An employee who:
(1) was hired before July 1, 1982; or
(2) is employed by a participating school corporation;
and who is occupying a position normally requiring performance of
services of less than one thousand (1,000) hours a year may at his
option be a member of the fund.
As added by Acts 1977, P.L.53, SEC.3. Amended by Acts 1980,
P.L.28, SEC.8; Acts 1982, P.L.37, SEC.4; P.L.30-1984, SEC.2;
P.L.381-1987(ss), SEC.2; P.L.46-1988, SEC.7.