Sec. 6. "Net amount paid into the trust fund from the wages of an employee beneficiary" means:
(1) the amount of money paid into the trust fund from the wages of an employee beneficiary, plus interest at the rate of three percent (3%) or more compounded annually; less
(2) any sums, plus interest at the same rate, paid from the trust fund to:
(A) the employee beneficiary;
(B) any person claiming by, through, or under the employee beneficiary; or
(C) any government fund for the credit or benefit of the employee beneficiary.
[Pre-2003 Recodification Citation: 10-1-1.9-5.]
As added by P.L.2-2003, SEC.3.
Structure Indiana Code
Article 12. State Police Pensions and Benefits
10-12-1-1. Applicability of Definitions
10-12-1-3. "Eligible Employee"
10-12-1-4. "Employee Beneficiary"
10-12-1-5. "Internal Revenue Code"
10-12-1-6. "Net Amount Paid Into the Trust Fund From the Wages of an Employee Beneficiary"
10-12-1-7. "Pension Consultants"