Title 5, TITLE 5. STATE AND LOCAL ADMINISTRATION

As added by P.L.191-2005, SEC.1. Amended by P.L.122-2006, SEC.1. Repealed by P.L.190-2014, SEC.11.

dislocated workers Sec. 4. The board, the corporation, and the officers and employees of the board or corporation, when developing job creation incentive packages to locate companies in Indiana, shall give weight, in the awarding or approving of job creation incentives, to busine…

Sec. 5. The corporation shall designate an employee to serve as a compliance officer whose duties are to determine and report to the corporation whether each person that receives a job creation incentive granted by the corporation or another agency or instrumentality of the state…

Sec. 6. The corporation shall require an applicant for a job creation incentive to be granted by the corporation after March 31, 2010, to enter into an agreement with the corporation as a condition of receiving the incentive. Subject to IC 5-28-28-8, the agreement must include th…

considered for jobs created Sec. 7. The corporation shall establish a program to ensure that dislocated workers from Indiana are given consideration for jobs created by business entities receiving a job creation incentive from the state or an instrumentality of the state (excludi…

As added by P.L.116-2014, SEC.1. Repealed by P.L.85-2017, SEC.14.

Sec. 9. (a) Subject to subsection (c), the aggregate amount of applicable tax credits that the corporation may certify for a state fiscal year for all taxpayers is two hundred fifty million dollars ($250,000,000). (b) For purposes of determining the amount of applicable tax credi…

Sec. 1. (a) The state shall pay the employer contributions for state employees. (b) After December 31, 2018, a school corporation may only pay the employer contributions, without an appropriation, from the school corporation's education fund. (c) If state employees receive compen…

school corporations, and political subdivisions Sec. 2. State educational institutions, school corporations, and political subdivisions shall pay the employer contribution. As added by Acts 1977, P.L.53, SEC.1. Amended by P.L.57-1987, SEC.2; P.L.240-1991(ss2), SEC.46; P.L.2-2007,…

As added by Acts 1977, P.L.53, SEC.1. Amended by Acts 1981, P.L.50, SEC.1. Repealed by P.L.57-1987, SEC.6.

Sec. 4. (a) Every employee whose services are covered by the federal-state agreement or a modification of the agreement shall, as a condition of his employment, pay an amount equal to the employee tax imposed by the Federal Insurance Contributions Act. (b) The employee's contribu…

As added by Acts 1977, P.L.53, SEC.1. Repealed by P.L.57-1987, SEC.6.

As added by Acts 1977, P.L.53, SEC.1. Amended by P.L.47-1985, SEC.3. Repealed by P.L.57-1987, SEC.6.

Sec. 1. Purpose of Codification. This article is intended to be a codification and restatement of applicable or corresponding provisions in prior law. A citation to prior law in the Indiana Code shall be construed as a citation to the appropriate provision of this article if the …

Sec. 2. Headings. The headings prefixed to sections of this article are included for organizational purposes and do not affect the meaning, application, or construction of the sections. As added by Acts 1977, P.L.53, SEC.2.

Sec. 0.5. As used in this chapter, "plan" refers to the public employees' defined contribution plan under IC 5-10.3-12. As added by P.L.241-2015, SEC.11.

Sec. 1. (a) The governing body of a political subdivision may adopt an ordinance or resolution specifying a departmental, occupational, or other definable classification of employees: (1) who are required to become members of the fund; (2) who are required to become members of th…

Sec. 1.1. (a) This section applies to a political subdivision that is served by a volunteer fire department. (b) The following definitions apply throughout this section: (1) "Nominal compensation" has the meaning set forth in IC 36-8-12-2. (2) "Volunteer fire department" has the …

Sec. 1.5. (a) This section applies to a third class city or a town. (b) The clerk-treasurer of a city or town is that city's or town's authorized agent for all matters concerning the fund and the plan. As added by P.L.69-1995, SEC.1. Amended by P.L.241-2015, SEC.13.

Sec. 10. (a) If a political subdivision with a retirement system becomes a participant, the moneys and securities in the retirement system shall be transferred to the fund. If the securities to be transferred are not acceptable to the board, they shall be converted to cash, which…

As added by Acts 1977, P.L.53, SEC.3. Repealed by P.L.16-1986, SEC.85.

Sec. 2. The governing body may request a preliminary survey, at its expense as determined by the board, to determine the estimated cost of participation. The board and its actuary shall give an estimate of the costs, the benefits, and other appropriate information. As added by Ac…

Sec. 3. Powers of the Governing Body. After a political subdivision becomes a participant, its governing body may make appropriations, make payments, and do all things required by this article. As added by Acts 1977, P.L.53, SEC.3.

Sec. 4. The board shall maintain separate accounts for each contribution rate group. Credits and charges to these accounts shall be made as prescribed in IC 5-10.2-2 and IC 5-10.3-12, as applicable. As added by Acts 1977, P.L.53, SEC.3. Amended by P.L.23-2011, SEC.18; P.L.241-201…

As added by Acts 1977, P.L.53, SEC.3. Amended by P.L.47-1985, SEC.6; P.L.54-1993, SEC.12. Repealed by P.L.23-2011, SEC.31.

Sec. 6. A school corporation shall make the appropriations and payments required of participating political subdivisions from its education fund or operations fund in accordance with the categories of expenditures established under IC 20-42.5-3. As added by Acts 1977, P.L.53, SEC…

Sec. 7. (a) If the employer or political subdivision fails to make payments required by this chapter, the amount payable may be: (1) withheld by the auditor of state from moneys payable to the employer or subdivision and transferred to the fund or the plan, as applicable; or (2) …

Sec. 8. (a) As used in this section, "withdrawing political subdivision" means a political subdivision that takes an action described in subsection (b). (b) Subject to the provisions of this section, a political subdivision may do the following: (1) Stop its participation in the …

Sec. 8.2. (a) The following definitions apply throughout this section: (1) "Freeze" or "freeze participation in the fund" means to take an action described under subsection (b)(1), (b)(2), or (b)(3). (2) "Freezing political subdivision" means a political subdivision that freezes …

withdraws from or freezes participation in fund Sec. 8.3. (a) This section applies to a political subdivision that: (1) either: (A) withdraws from the fund under section 8 of this chapter; or (B) freezes its participation in the fund as described in section 8.2 of this chapter; a…

Sec. 8.5. (a) This section only applies if: (1) certain employees of a state university in a departmental, occupational, or other definable classification involved in health care are terminated from employment with the state university as a result of: (A) a lease or other transfe…

contractual arrangement with nongovernmental entity Sec. 8.9. (a) This section applies when certain employees of the state in particular departmental, occupational, or other definable classifications are terminated from employment with the state as a result of: (1) a lease or oth…

Sec. 9. Participation of Political Subdivision with Retirement Systems. If a political subdivision has a retirement system for its employees, it must conduct a referendum, at which seventy-five percent (75%) of all active and retired members vote for participation, before it may …

Sec. 1. (a) In addition to any other benefit received from the fund, a person who, on July 1, 1967: (1) received a retirement benefit from the fund; and (2) did not receive a benefit under the federal Social Security Act; shall receive thirty-five dollars ($35) per month. (b) The…

Sec. 10. (a) The pension portion (plus postretirement increases to the pension portion) provided by employer contributions of the monthly benefit payable after December 31, 2004, to a member of the fund (or to a survivor or beneficiary of a member of the fund) who retired or was …

increased benefit Sec. 2. (a) After July 9, 1949, a member receiving a retirement benefit under Acts 1915, c.182, or any statute amendatory of or supplemental to it enacted before January 1, 1949, is eligible, subject to Acts 1949, c.130, s.2(j), to receive a retirement benefit a…

increased benefit Sec. 3. (a) After July 9, 1951, a member receiving or entitled to receive a retirement benefit that accrued before July 11, 1951, under Acts 1915, c.182, or any statute amendatory of or supplemental to Acts 1915, c.182 enacted before January 1, 1951, is eligible…

Sec. 4. (a) Beginning July 1, 1965, a person who receives a retirement benefit shall receive from the fund an amount that when added to the person's pension benefit derived from state sources and the person's Social Security benefit earned as a teacher equals at least one hundred…

after July 1, 2017; appropriation Sec. 5. (a) A retired member is entitled to a supplemental retirement benefit to be paid by the fund as long as the member meets the following conditions: (1) The member currently receives an annuity, a pension, or other retirement benefit from t…

Sec. 6. (a) In addition to the increase provided in IC 5-10.2-5-6, the monthly benefit payable after June 30, 1978, to a member, or a survivor or beneficiary of a member who retired or was disabled: (1) before July 2, 1962, is increased by three percent (3%); (2) after July 1, 19…

reserve Sec. 7. The costs of postretirement increases for the following persons may not be charged against the retired teacher annuity reserve: (1) A member of the fund who has received a lump sum payment under IC 5-10.2-4-2. (2) Survivors and beneficiaries of a member described …

Sec. 8. (a) The pension portion (plus postretirement increases to the pension portion) provided by employer contributions of the monthly benefit payable after December 31, 2002, to a member of the fund (or to a survivor or beneficiary of a member of the fund) who retired or was d…

Sec. 9. (a) The pension portion (plus postretirement increases to the pension portion) provided by employer contributions of the monthly benefit payable after December 31, 2003, to a member of the fund (or to a survivor or beneficiary of a member of the fund) who retired or was d…

Sec. 1. (a) The director is the executive officer of the system and is responsible for the administration of the system. (b) The director is appointed by and serves at the pleasure of the board. As added by P.L.23-2011, SEC.22.

Sec. 2. The director shall do the following: (1) Maintain a record of the board's proceedings. (2) Keep the books and records of the system. (3) Deposit payments made to the system with the custodian for the system's accounts. (4) Sign vouchers for the payment of money from the s…

Sec. 3. (a) The board shall maintain individual records for each member of a public pension or retirement fund of the system administered by the board. (b) A member's record must include at least the following information: (1) The member's name. (2) Date of birth. (3) Age at begi…

Sec. 4. (a) Records of: (1) individual members of; and (2) membership information concerning; a public pension or retirement fund administered by the board are confidential, except for the name and years of service of a member. (b) This section does not prohibit the board from pr…

Sec. 5. (a) Each public pension and retirement fund of the system shall pay the expenses of administration attributable to that public pension or retirement fund. (b) The board shall: (1) prorate the expenses of administration of the system that cannot be attributed to a particul…

Sec. 6. If during a state fiscal year beginning after June 30, 2018, the system performs a stress test or a risk assessment on any of the public pension and retirement funds of the system, including a sensitivity analysis of funding status, the director, or another suitable perso…

on pension management oversight Sec. 6.5. The system shall, not later than October 1 each year, submit to the interim study committee on pension management oversight a written report that summarizes and analyzes the retirement plan information received for the immediately precedi…