Title 5, TITLE 5. STATE AND LOCAL ADMINISTRATION
355 chapters · 3,747 sections in this title.
Ind. Code § 5-10-1.1-0.3 Legalization of actions of school corporations to establish
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certain employee savings plans Sec. 0.3. The actions taken by a school corporation before January 1, 1988, to: (1) establish an employee savings plan that is a defined contribution plan qualified under Section 401(a) of the Internal Revenue Code; and (2) contribute amounts to the…
Ind. Code § 5-10-1.1-1 Nonqualified deferred compensation plans; employee savings
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plans Sec. 1. The state and any political subdivision (as defined by IC 36-1-2-13) may: (1) agree with any employee to reduce and defer any portion of such employee's compensation which under federal law may be deferred under a nonqualified deferred compensation plan and subseque…
Ind. Code § 5-10-1.1-1.5 Defined contribution plan
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Sec. 1.5. (a) The state, through the budget agency, may adopt a defined contribution plan, under Section 401(a) of the Internal Revenue Code, for the purpose of matching all or a specified portion of state employees' contributions to the state employees' deferred compensation pla…
Ind. Code § 5-10-1.1-2 Employee defined
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Sec. 2. As used in this chapter, "employee" means any person, including a person elected, appointed or under contract, receiving compensation from the state or any political subdivision as described in section 1 of this chapter. Formerly: Acts 1975, P.L.42, SEC.1.
Ind. Code § 5-10-1.1-3 Effective and operative dates
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Sec. 3. A deferred compensation plan established under this chapter exists and serves in addition to other retirement, pension and benefit systems established by the state, or political subdivision, and may not effect a reduction of any retirement, pension or other benefit provid…
Ind. Code § 5-10-1.1-3.5 Deferred compensation plan; automatic enrollment
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Sec. 3.5. (a) This section applies to an individual who becomes an employee of the state after June 30, 2007. (b) Unless an employee notifies the state that the employee does not want to enroll in the deferred compensation plan, on day thirty-one (31) of the employee's employment…
Ind. Code § 5-10-1.1-4 Deferred compensation committee; state employees' deferred
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compensation plan Sec. 4. (a) The deferred compensation committee is established. The committee consists of five (5) persons appointed by the state board of finance as follows: (1) Each member of the state board of finance shall appoint one (1) member to the committee. (2) The re…
Ind. Code § 5-10-1.1-4.5 Repealed
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As added by P.L.217-2017, SEC.51. Amended by P.L.86-2018, SEC.13. Repealed by P.L.212-2018(ss), SEC.11.
Ind. Code § 5-10-1.1-5 State employees' deferred compensation plan; contracts;
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funding, selection by bidding; review Sec. 5. (a) The auditor of state shall provide for the administration of the state employees' deferred compensation plan. The auditor of state may, at the auditor of state's option, enter into a contract or contracts with an individual or ind…
Ind. Code § 5-10-1.1-6 Obligations of state or political subdivision
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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.
Ind. Code § 5-10-1.1-7 Participation by political subdivisions
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Sec. 7. (a) Any political subdivision (as defined in IC 36-1-2-13) may establish for its employees a deferred compensation plan. The plan shall be selected by the governing body of the political subdivision, which in the case of a unit subject to IC 36-1-3 shall be done by ordina…
Ind. Code § 5-10-1.1-7.3 Matching funds
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Sec. 7.3. (a) Any political subdivision (as defined in IC 36-1-2-13) that elects to use the state employees' deferred compensation plan for its employees as authorized in section 7(b)(2) or 7(b)(3) of this chapter also may elect to participate in the state's defined contribution …
Ind. Code § 5-10-1.1-7.5 Unused excess accrued leave
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Sec. 7.5. (a) As used in this section, "state agency" means the following: (1) An authority, a board, a branch, a commission, a committee, a department, a division, or other instrumentality of state government. (2) A separate corporate body politic that adopts the plan described …
Ind. Code § 5-10-1.1-8 Supplemental effect of chapter
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Sec. 8. This chapter shall be supplemental and in addition to all other laws. The powers and duties given to the state and its political subdivisions in this chapter shall be in addition to those given by any other law and shall not be subject to the limitations set out in the ot…
Ind. Code § 5-10-1.1-9 Amounts to be held for exclusive benefit of participants and
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beneficiaries Sec. 9. All amounts held under any deferred compensation plan established under this chapter must be held for the exclusive benefit of participants of the plan and their beneficiaries, as required by Section 457(g) of the Internal Revenue Code. As added by P.L.15-19…