Sec. 4. Each participant shall make contributions to the defined contribution fund of five percent (5%) of each payment of salary received for services after June 30, 1989. Contributions shall be deducted from the salary of each participant by the auditor of state. Contributions shall be credited to the fund on the June 30 following their deduction.
As added by P.L.6-1989, SEC.1.
Structure Indiana Code
Article 3.5. Legislative Retirement Benefits
Chapter 5. Legislators' Defined Contribution Plan
2-3.5-5-2. Defined Contribution Fund; Content
2-3.5-5-3. Alternative Investment Programs
2-3.5-5-3.5. Default Investment Option
2-3.5-5-4. Participant Contributions to the Fund
2-3.5-5-6. Termination of Service; Withdrawal From the Fund
2-3.5-5-7. Death of Participant; Designated Beneficiaries; Surviving Spouse; Dependent Children
2-3.5-5-8. Biennial Appropriation
2-3.5-5-9. Exemptions; Criminal Taking of State Property