Title 5, STATE AND LOCAL ADMINISTRATION

Sec. 3. (a) The annuity savings account consists of: (1) the members' contributions; and (2) the interest credits on these contributions in the guaranteed fund (before January 1, 2017), the gain or loss in the balance of the member's account in the stable value fund (after Decemb…

Sec. 3.3. Interest credited prior to July 1, 2005, in the annuity savings account of the public employees' retirement fund to suspended members participating in the guaranteed fund (before its elimination on January 1, 2017) under section 3 of this chapter shall be treated as pro…

Sec. 4.1. (a) This section applies only after December 31, 2016. (b) Except as provided in subsection (e), the market value of the stable value fund program shall be allocated at least annually to the members participating in that program. (c) Except as provided in subsection (e)…

Sec. 6. (a) The retirement allowance account of the public employees' retirement fund consists of the retirement fund, exclusive of the annuity savings account and the supplemental allowance reserve account. The retirement allowance account also includes any amounts received unde…

Sec. 7. (a) When a member retires or dies in service under conditions which entitle a beneficiary or spouse to survivor benefits and if the member or survivor chooses to receive an annuity from the fund, the annuity savings account shall be charged with the amount credited to him…

Sec. 8. (a) For a member who retires after June 30, 2008, with service in more than one (1) retirement fund, the member may choose at the time the member files an application for retirement benefits whether to retire from the Indiana state teachers' retirement fund or from the pu…

Sec. 9. (a) The funds may employ a common actuary or actuarial service. (b) At least once in every five (5) years and in every year in which this article is amended so that benefits are changed, the actuary shall make a separate actuarial investigation for each fund of the mortal…

Sec. 0.3. If before June 1, 1985, the board approved a member's choice of retirement date that preceded the member's application for benefits, payments made as a result of the choice of retirement date are legalized. As added by P.L.220-2011, SEC.77.

Sec. 0.4. (a) If the board, the state, or a political subdivision denied, after December 31, 1986, an employee of the state or the political subdivision who was sixty (60) years of age or older the option not to join the fund, the denial is validated. (b) Actions taken by the boa…

Sec. 1. (a) The public employees' retirement fund of Indiana, referred to as the fund, is established to pay benefits to officers and employees of the state and its political subdivisions after specified years of service and under other specified circumstances. The purpose of the…

Sec. 2. No individual, group of persons, or entity has a right to any specific security, property, or cash other than an undivided interest in the whole fund as specified in this article. As added by Acts 1977, P.L.53, SEC.3. Amended by P.L.28-1984, SEC.3.

Sec. 3. The general assembly intends that, to the extent specified in this article, the payments to the fund by the state or the participating political subdivisions, the payment of all benefits, the payment of interest credits, and the payment of administration expenses are obli…

Sec. 4. (a) The following definitions apply throughout this section: (1) "Defined contribution plan" refers to the public employees' defined contribution plan established under IC 5-10.3-12. (2) "Eligible entity" means an entity that is eligible but not required to participate in…

Sec. 1. (a) The Indiana state teachers' retirement fund is established to be used to pay benefits to teachers and to supervisors of teachers in the public schools after specified years of service and under other specified circumstances. (b) The board is responsible for the contro…

Sec. 2. (a) The board shall segregate the fund into the following accounts: (1) The pre-1996 account. (2) The 1996 account. (b) The board shall segregate each of the accounts established under subsection (a) into the following subaccounts: (1) The annuity savings account. (2) The…

Sec. 2.5. The board shall adjust the employer contribution rate for the Indiana state teachers' retirement fund to take into account any actuarial savings resulting from the amendment to IC 21-6.1-2-2 (before its repeal, now codified at section 2 of this chapter) by P.L.291-2001.…

Sec. 3. (a) The board shall: (1) prorate the expenses of administration of the fund between the retirement allowance accounts; and (2) pay the prorated expenses from those accounts. (b) The board shall pay the expenses for the administration of the system as provided in IC 5-10.5…

Sec. 4. (a) The general assembly shall appropriate an amount from the state general fund that is sufficient to cover the state's actuarial liability for each member covered by the pre-1996 account and for each state employee covered by the 1996 account. The board may reduce this …

Sec. 5. (a) The pension stabilization fund is established. The pension stabilization fund is a part of the pre-1996 account and shall be administered by the board in accordance with the powers and duties granted to the board by IC 5-10.4-3-10 through IC 5-10.4-3-14, IC 5-10.5-4, …

Sec. 5.5. The board shall allocate from the pension stabilization fund (IC 21-6.1-2-8, before its repeal, now codified at section 5 of this chapter) to the fund's 1996 account an amount equal to the unfunded liability for individuals who were members of the fund's pre-1996 accoun…

Sec. 6. The board shall do the following: (1) Credit interest to the members' annuity savings accounts in the guaranteed fund (before January 1, 2017), actual earnings to the stable value fund (after December 31, 2016), and actual earnings to the alternative investment programs. …

Sec. 1. On July 1, 2011, the Indiana public retirement system is established. As added by P.L.23-2011, SEC.22.

Sec. 2. The system consists of the following public pension or retirement funds: (1) The public employees' retirement fund established under IC 5-10.2 and IC 5-10.3. (2) The public employees' defined contribution plan established under IC 5-10.3-12. (3) The Indiana state teachers…

Sec. 3. The system is an independent body corporate and politic. The system is not a department or agency of the state but is an independent instrumentality exercising essential government functions. As added by P.L.23-2011, SEC.22.

Sec. 4. For purposes of IC 34-13-2, IC 34-13-3, and IC 34-13-4, the board, the system, and all employees of the board or the system are public employees (as defined in IC 34-6-2.1-54). As added by P.L.23-2011, SEC.22. Amended by P.L.100-2012, SEC.16; P.L.186-2025, SEC.56.

Sec. 5. The system shall be managed and administered by a board of trustees established under IC 5-10.5-3. As added by P.L.23-2011, SEC.22.

Sec. 6. Each public pension or retirement fund listed in section 2 of this chapter is a separate fund managed by the board under this article and the retirement law applicable to the public pension or retirement fund. The obligations of the state and political subdivisions for be…

Sec. 1. The following individuals may apply to the office of the attorney general to have an address designated by the office of the attorney general serve as the individual's address or as the address of a minor or an incapacitated individual: (1) An individual who is at least e…

Sec. 11. A program participant who obtains a change of name under IC 34-28-2 shall provide a copy of the decree of the court changing the program participant's name to the office of the attorney general not more than thirty (30) days after the court enters the decree. As added by…

Sec. 2. The office of the attorney general shall approve an application filed in the manner and on a form prescribed by the office of the attorney general if the application contains the following: (1) A sworn statement by the applicant that the applicant has good reason to belie…

Sec. 3. (a) Upon approving an application under section 2 of this chapter, the office of the attorney general shall certify the applicant as a program participant. (b) Subject to IC 5-26.5-3-2, IC 5-26.5-5-2.5, IC 5-26.5-5-2.6, and IC 5-26.5-5-6, the name, address, telephone numb…

Sec. 4. A program participant may use an address designated by the office of the attorney general as the program participant's work address. As added by P.L.273-2001, SEC.3.

Sec. 5. (a) The definitions set forth in IC 3-5-2.1 apply to this section. (b) A program participant who is otherwise qualified to vote may apply to vote as provided in IC 3-7. The residence address of a program participant shall be recorded in the computerized system as set fort…

Sec. 6. Certification as a program participant expires June 30 of the fourth year after the date on which the office of the attorney general certifies or renews the certification of the applicant as a program participant. A program participant may apply to renew the certification…

Sec. 7. (a) This section applies to a program participant whose certification expired under section 6 of this chapter. (b) The office of the attorney general shall notify the program participant of the expiration date at least thirty (30) days before the expiration date. (c) The …

Sec. 1. "Federally recognized Indian tribe" means an Indian tribe named on the list of Indian tribes recognized by the United States Secretary of the Interior published under 25 U.S.C. 5131. As added by P.L.108-2019, SEC.100.

Sec. 2. "State" means the state of Indiana. The term does not include a political subdivision. As added by P.L.108-2019, SEC.100.

Sec. 3. "State agency" means an authority, a board, a commission, a committee, a department, a division, or other instrumentality of state government. However, the term does not include a state educational institution. As added by P.L.108-2019, SEC.100.

Sec. 1. (a) This chapter applies to a contract with a maximum contract amount of not less than five hundred thousand dollars ($500,000). (b) This chapter does not apply to a contract entered into by the Indiana department of transportation for the construction, repair, or mainten…

Sec. 2. Not later than January 1, 2026, and not later than each January 1, April 1, July 1, and October 1 thereafter, a state agency must submit a report to the budget committee that provides information regarding the following contracts of the state agency: (1) For a report due …

Sec. 3. A report submitted by a state agency under section 2 of this chapter must include, at a minimum, the following information: (1) The current contract expenditures compared with the maximum contract amount of the contract. (2) Any changes made to the terms of the initial co…

Sec. 4. A report submitted under section 2 of this chapter must be in an electronic format. As added by P.L.182-2025, SEC.6.

Sec. 1. As used in this chapter: (1) "electronic signature" has the meaning set forth in IC 26-2-8-102(10); (2) "obligations" shall include any bond, note, warrant, or other obligation; and (3) "public entity" shall include any political subdivision as defined by IC 36-1-2, state…

Sec. 2. (a) Whenever any existing statute requires the manual execution, attesting or authentication of any obligation issued by any public entity named in IC 5-1-1-1 by one (1) or more officials or persons, facsimile signatures or electronic signatures of the officials or person…

Sec. 3. These provisions shall not be construed to require manual signing of any interest coupons and signatures on interest coupons may all be facsimile signatures. Formerly: Acts 1971, P.L.40, SEC.1.

Sec. 1. In all cases in which the law provides for the publication of a legal notice or notices pertaining to public works projects in any newspaper, it shall be legal for the governmental agency or official required by law to provide for and effect publication of such legal noti…