Obligations of state or political subdivision

Ind. Code § 5-10-1.1-6, under Chapter 1.1. Public Employees Deferred Compensation Plans.

Ind. Code § 5-10-1.1-6

Sec. 6. The state or political subdivision under a deferred compensation plan shall be obligated at any point in time solely for the then current market value of the funding theretofore made. Formerly: Acts 1975, P.L.42, SEC.1. As amended by P.L.15-1998, SEC.4.