Sec. 5. If an employee beneficiary ceases to be an eligible employee for any reason, including death, disability, unemployment, or retirement:
(1) the employee beneficiary;
(2) the employee beneficiary's beneficiary; or
(3) the employee beneficiary's estate;
is entitled to receive at least the net amount paid into the trust fund from the wages of the employee beneficiary, either in a lump sum or in monthly installments not less than the basic pension amount.
[Pre-2003 Recodification Citation: 10-1-2.2-5.]
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