Indiana § 5-10.4-5-14.5 Assignment of benefits

Indiana Statutes

§ 5-10.4-5-14.5 — Assignment of benefits

Indiana § 5-10.4-5-14.5

Title 5STATE AND LOCAL ADMINISTRATION

Art. 10.4STATE TEACHERS' RETIREMENT FUND

Ch. 5Benefits

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Bluebook

Ind. Code § 5-10.4-5-14.5 (2026).

Text

5. A member's transfer of a benefit payment is void. However, a member may assign benefits for paying:

(1)premiums on a group, life, hospitalization, surgical, or medical insurance plan maintained in whole or in part by a state agency; and

(2)dues to any association that proves to the board's satisfaction that the association has as members at least twenty percent (20%) of the number of retired members of the fund.

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5. A member's transfer of a benefit
payment is void. However, a member may assign benefits for paying:
(1) premiums on a group, life, hospitalization, surgical, or medical
insurance plan maintained in whole or in part by a state agency;
and
(2) dues to any association that proves to the board's satisfaction
that the association has as members at least twenty percent (20%)
of the number of retired members of the fund.