Sec. 12. If during a state fiscal year beginning after June 30, 2018, the trustee or the pension consultants perform a stress test or a risk assessment on the trust fund, including a sensitivity analysis of funding status, the trustee, or another suitable person designated by the trustee, shall before November 1 of the following state fiscal year:
(1) submit a report describing the stress tests and risk assessments performed and the results of those tests and risk assessments to the interim study committee on pension management oversight established by IC 2-5-1.3-4 in an electronic format under IC 5-14-6; and
(2) upon request from the chairman of the interim study committee on pension management oversight, present a summary of the information described in subdivision (1) to the interim study committee on pension management oversight.
As added by P.L.20-2019, SEC.2.
Structure Indiana Code
Article 12. State Police Pensions and Benefits
Chapter 2. Pension, Death, Disability, Survivor, and Other Benefits
10-12-2-1. Retention of Service Weapon; Badge; Identification Card
10-12-2-2. Pension Trust; Commingling Funds; Investment of Funds; Report; Termination
10-12-2-3. Qualification of Trust Under Internal Revenue Code; Benefit Limitations
10-12-2-4. Mortality Reserve Account
10-12-2-5. Disability Reserve Account; Additional Department Authority; Disability Pension Payments
10-12-2-6. Dependent's Pension Reserve Account
10-12-2-7. Police Benefit Fund; Duties of Trustee; Appropriations
10-12-2-8. Actuarial Soundness of Pension Trust; Inspection of Books and Accounts
10-12-2-9. Transfer of Funds to Police Benefit Fund; Rewards and Fees