Sec. 8. (a) For purposes of this chapter, there is appropriated for each biennium the following sums of money:
(1) From the state general fund, the amount required to equal the contributions specified in:
(A) section 5 of this chapter (before its repeal on January 1, 2009); or
(B) after December 31, 2008, section 5.5 of this chapter.
(2) From the state general fund, the amount required for administration of this chapter.
(b) The biennial appropriation provided in this section shall be credited to the defined contribution fund annually in the month of July of each year of the biennium, based on the amounts specified in subsection (a).
As added by P.L.6-1989, SEC.1. Amended by P.L.43-2007, SEC.4.
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