§ 5-10.5-7-4 — Transfer of employees

Indiana § 5-10.5-7-4

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 10.5: INDIANA PUBLIC PENSION
• Ch. 7: Short Title and Saving Provisions

Text

The employees of the:
(1) public employees' retirement fund; and
(2) teachers' retirement fund;
become employees of the system on July 1, 2011, without change in
compensation, seniority, or benefits. An employee of the public
employees' retirement fund who is a member of the public employees'
retirement fund before July 1, 2011, and becomes an employee of the
system after June 30, 2011, remains a member of the public employees'
retirement fund after June 30, 2011. An employee of the teachers'
retirement fund who is a member of the teachers' retirement fund
before July 1, 2011, and becomes an employee of the system after June
30, 2011, remains a member of the teachers' retirement fund after June
30, 2011. An employee who becomes an employee of the system after
June 30, 2011, is a member of the public employees' retirement fund,
unless the director expressly determines otherwise.

Legislative History

As added by P.L.23-2011, SEC.22.