Indiana § 5-10.4-8-11 Contributions and earnings belong to member; vesting in employer
contribution subaccount; forfeiture of employer contributions

Indiana Statutes

§ 5-10.4-8-11 — Contributions and earnings belong to member; vesting in employer contribution subaccount; forfeiture of employer contributions

Indiana § 5-10.4-8-11

Title 5STATE AND LOCAL ADMINISTRATION

Art. 10.4STATE TEACHERS' RETIREMENT FUND

Ch. 8Teachers' Defined Contribution Plan

This text of Indiana § 5-10.4-8-11 (Contributions and earnings belong to member; vesting in employer contribution subaccount; forfeiture of employer contributions) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 5-10.4-8-11 (2026).

Text

(a)Member contributions and net earnings on the member contributions in the member contribution subaccount belong to the member at all times and do not belong to the employer.

(b)A member is vested in the employer contribution subaccount in accordance with the following schedule: For purposes of vesting in the employer contribution subaccount, only a member's full years of participation in the plan may be counted.

(c)The amount that a member may withdraw from the member's account is limited to the vested portion of the account.

(d)A member who attains normal retirement age is fully vested in all amounts in the member's account.

(e)If a member separates from service with an employer before the member is fully vested in the employer contribution subaccount, the amount in the employer co

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(a) Member contributions and net earnings
on the member contributions in the member contribution subaccount
belong to the member at all times and do not belong to the employer.
(b) A member is vested in the employer contribution subaccount in
accordance with the following schedule:
For purposes of vesting in the employer contribution subaccount, only
a member's full years of participation in the plan may be counted.
(c) The amount that a member may withdraw from the member's
account is limited to the vested portion of the account.
(d) A member who attains normal retirement age is fully vested in
all amounts in the member's account.
(e) If a member separates from service with an employer before the
member is fully vested in the employer contribution subaccount, the
amount in the employer contribution subaccount that is not vested
remains in the employer contribution subaccount as unvested employer
contributions until, and only to the extent that, the unvested employer
contributions:
(1) become vested in accordance with subsection (b);
(2) are forfeited in accordance with subsection (f); or
(3) in some proportion, become vested under subdivision (1) and
forfeited under subdivision (2).
(f) A member forfeits unvested employer contributions in the
member's employer contribution account on the earliest of the
following dates:
(1) The date of the member's death.
(2) The date that the member withdraws the member's money
from the plan.
(3) The date that the plan is required to distribute the member's
money from the plan.
(g) Amounts forfeited under subsection (f) must be used as
determined by the board.
(h) A member may not earn creditable service (as defined in IC 5-10.2-3-1(a)) under the plan.