Sec. 6. If an employee beneficiary ends employment for any reason before qualifying for a benefit under this chapter, the trustee shall pay to:
(1) the employee beneficiary;
(2) the employee beneficiary's beneficiary; or
(3) the employee beneficiary's estate;
the net amount paid into the trust fund from the employee beneficiary's wages. This amount may be paid in a lump sum or in monthly installments not less than the basic pension amount.
[Pre-2003 Recodification Citation: 10-1-2.3-6.]
As added by P.L.2-2003, SEC.3.
Structure Indiana Code
Article 12. State Police Pensions and Benefits
Chapter 4. The State Police 1987 Benefit System
10-12-4-1. Application of Chapter; Election of Coverage
10-12-4-2. Limitations on Trust
10-12-4-4. Deductions From Wages
10-12-4-5. Years of Service for Full Pension Amount; Proportionate Amount; Beginning of Payments
10-12-4-6. Right to Net Amount Paid Into Fund From Wages
10-12-4-7. Basic Monthly Pension Amount; Additional Benefits
10-12-4-8. Increase in Pension to Certain Individuals