§ 5-10.4-8-8 — Stable value fund; alternative investment programs

Indiana § 5-10.4-8-8

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 10.4: STATE TEACHERS' RETIREMENT FUND
• Ch. 8: Teachers' Defined Contribution Plan

Text

(a) Subject to the board obtaining any approval
from the Internal Revenue Service that the board considers necessary
or desirable, the board shall establish:
(1) a stable value fund for the plan; and
(2) alternative investment programs for the plan.
(b) The board may adopt requirements and rules that apply to the
alternative investment programs within the plan, including the
following:
(1) The board's investment guidelines and limits for the
alternative investment programs.
(2) A member's selection of and changes to the member's
investment options.
(3) The valuation of a member's account.
(4) The allocation and payment of administrative expenses for the
alternative investment programs.
(c) The board shall determine the appropriate administrative fees to
be charged to the member accounts.

Legislative History

As added by P.L.217-2017, SEC.58. Amended by P.L.27-2019, SEC.14.