Sec. 7. If an employee is not a contributing fund member at the time the employee is initially hired by a state educational institution that has established a retirement benefit system, the employee may file an election under section 5 of this chapter to participate in the employer's retirement benefit system not later than sixty (60) calendar days after the employee's initial employment date. The election is effective as if it had been made on the employee's initial employment date.
[Pre-2007 Higher Education Recodification Citation: 21-6.1-8-2(g).]
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