Sec. 5. If a state educational institution establishes a retirement benefit system that includes as participants employees who otherwise qualify as fund members, the state educational institution must allow an employee who otherwise qualifies as a fund member to elect whether to participate in the retirement benefit system.
[Pre-2007 Higher Education Recodification Citation: 21-6.1-8-2(b).]
As added by P.L.2-2007, SEC.279.
Structure Indiana Code
Article 38. State Educational Institutions: Personnel; Compensation; Benefits
Chapter 7. Transfer of Membership From Indiana State Teachers' Retirement Fund; State Appropriation
21-38-7-1. Applicability of Chapter
21-38-7-3. Power of State Educational Institutions to Establish Retirement Benefit System
21-38-7-4. Restricted Participation in Retirement Benefit System
21-38-7-5. Participation in Retirement Benefit System
21-38-7-6. Employee Election to Participate in Retirement Benefit System
21-38-7-7. Noncontributing Fund Members; Date Participation Is Effective
21-38-7-8. Contributing Fund Members; Date Participation Is Effective
21-38-7-9. Prohibition on Rejoining Fund