§ 5-10.4-7-3 — Requirement to deduct member contribution from salary; report to member

Indiana § 5-10.4-7-3

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 10.4: STATE TEACHERS' RETIREMENT FUND
• Ch. 7: School Corporation Reports and Administration

Text

(a) Unless the member's contribution is made
on behalf of the member or the member is a retired member who may
not make contributions during a period of reemployment as provided
under IC 5-10.2-4-8(e), the treasurer of a school corporation, the
township trustee, or the appropriate officer of any other institution
covered by the fund shall:
(1) deduct from each member's salary the member's contribution
for the fund; and
(2) issue to each member, on behalf of the board, a statement for
each contribution deducted.
(b) The statement described in subsection (a)(2) is evidence that the
member has credit from the fund for payment of the stated contribution.
[Pre-2006 Education Finance Recodification Citation:
21-6.1-7-3.]

Legislative History

As added by P.L.2-2006, SEC.28. Amended by P.L.72-2007, SEC.11; P.L.1-2009, SEC.20; P.L.195-2013, SEC.14.