§ 5-10.4-4-11 — Member contributions to fund

Indiana § 5-10.4-4-11

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 10.4: STATE TEACHERS' RETIREMENT FUND
• Ch. 4: Fund Membership; Employee Contributions; Creditable

Text

(a) This section does not apply to a member
who is reemployed more than thirty (30) days after the member's
retirement in a position covered by the fund.
(b) Each member shall contribute to the fund three percent (3%) of
the member's compensation as set forth in IC 5-10.2-3. However, the
member's employer may pay the contribution on behalf of the member.
(c) If a member's employer elects to pay the members' contributions
for its employees, the employer must initiate the payments as part of
salary and fringe benefit adjustments provided to these employees.
[Pre-2006 Education Finance Recodification Citation:
21-6.1-4-9.]

Legislative History

As added by P.L.2-2006, SEC.28. Amended by P.L.72-2007, SEC.8; P.L.76-2008, SEC.5.