§ 5-10.4-4-14 — Service not related to governmental unit; contribution of employer share

Indiana § 5-10.4-4-14

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

Text

(a) After December 31, 1994, creditable
service does not accrue under:
(1) this chapter;
(2) IC 5-10.2-3-1;
(3) IC 20-28-10-1;
(4) IC 20-28-10-2;
(5) IC 20-28-10-3; or
(6) any other law concerning the fund for leave for other
educational employment;
unless the creditable service is directly related to a governmental unit
under Section 414(d) of the Internal Revenue Code (as defined in IC 5-10.2-1-3.5).
(b) After June 30, 1995, for members receiving credit for leave for
other educational employment under section 7 of this chapter or
subsection (a), the board shall assess an actuarially determined
employer share amount against the appropriate entity to be paid to the
state general fund.
[Pre-2006 Education Finance Recodification Citation:
21-6.1-4-13.]

Legislative History

As added by P.L.2-2006, SEC.28.