Sec. 4. The monthly deductions from the employee beneficiary's wages for the trust fund may not exceed six percent (6%) of the employee beneficiary's average monthly wages (excluding payments for overtime and determined without regard to any salary reduction agreement established under Section 125 of the Internal Revenue Code).
[Pre-2003 Recodification Citation: 10-1-2.2-4.]
As added by P.L.2-2003, SEC.3.
Structure Indiana Code
Article 12. State Police Pensions and Benefits
Chapter 3. The State Police Pre-1987 Benefit System
10-12-3-1. Application of Chapter
10-12-3-2. Limitations on Pension Trust
10-12-3-4. Deductions From Wages
10-12-3-5. Right to Net Amount Paid Into Fund From Wages
10-12-3-6. Old Age Retirements; Right to Monthly Income; Minimum Service for Full Amount