Indiana § 5-10.4-2-6 Allocation of interest income

Indiana Statutes

§ 5-10.4-2-6 — Allocation of interest income

Indiana § 5-10.4-2-6

Title 5STATE AND LOCAL ADMINISTRATION

Art. 10.4STATE TEACHERS' RETIREMENT FUND

Ch. 2Fund

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Bluebook

Ind. Code § 5-10.4-2-6 (2026).

Text

The board shall do the following:

(1)Credit interest to the members' annuity savings accounts in the guaranteed fund (before January 1, 2017), actual earnings to the stable value fund (after December 31, 2016), and actual earnings to the alternative investment programs.

(2)After complying with subdivision (1), distribute any remaining undistributed income reserve as of the end of each accounting period as determined by the rules of the board. [Pre-2006 Education Finance Recodification Citation: 21-6.1-2-9.]

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The board shall do the following:
(1) Credit interest to the members' annuity savings accounts in the
guaranteed fund (before January 1, 2017), actual earnings to the
stable value fund (after December 31, 2016), and actual earnings
to the alternative investment programs.
(2) After complying with subdivision (1), distribute any
remaining undistributed income reserve as of the end of each
accounting period as determined by the rules of the board.
[Pre-2006 Education Finance Recodification Citation:
21-6.1-2-9.]