§ 5-10.3-7-9 — Member contributions

Indiana § 5-10.3-7-9

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

Text

(a) This section:
(1) does not apply to a retired member who begins a period of
reemployment in a covered position more than thirty (30) days
after the member's retirement, except as provided in subdivision
(2); or
(2) applies to the entire period of reemployment for a retired
member of the public employees' retirement fund who, before July
1, 2013, begins a period of reemployment in a covered position.
(b) Each member shall contribute three percent (3%) of the
member's compensation to the fund as specified in IC 5-10.2-3.
However, for a member who is a state employee, the employer shall
pay the contribution for the member, and for a member who is not a
state employee, the employer may pay all or a part of the contribution
for the member.
As added by Acts 1977, P.L.53, SEC.3. Amended by
P.L.41-1983, SEC.8; P.L.35-1985, SEC.22; P.L.55-1989, SEC.23;
P.L.246-2001, SEC.11; P.L.195-2013, SEC.12.