Sec. 12. (a) Except as otherwise provided in this section, each participant shall make contributions to the fund as follows:
(1) A participant described in section 8(a)(1) of this chapter shall make contributions of six percent (6%) of each payment of salary received for services after December 31, 1989.
(2) A participant described in section 8(a)(2) or 8(a)(3) of this chapter shall make contributions of six percent (6%) of each payment of salary received for services after June 30, 1994.
A participant's contributions shall be deducted from the participant's monthly salary by the auditor of state and credited to the fund.
(b) The state may pay the contributions for a participant. The state may elect to pay the contribution for the participant as a pickup under Section 414(h) of the Internal Revenue Code.
(c) After a participant has contributed to the fund as provided in subsection (a) for twenty-two (22) years, the participant is not required to make additional contributions to the fund.
(d) After December 31, 2011, the auditor of state shall submit the contributions paid by or on behalf of a participant under this section by electronic funds transfer in accordance with section 12.5 of this chapter.
[Pre-2004 Recodification Citation: 33-14-9-11.]
As added by P.L.98-2004, SEC.18. Amended by P.L.13-2011, SEC.13; P.L.160-2013, SEC.3.
Structure Indiana Code
Title 33. Courts and Court Officers
Article 39. Prosecuting Attorneys
33-39-7-0.1. Applicability of p.l.33-2006 Amendments
33-39-7-1. Application of Chapter
33-39-7-2. Americans With Disabilities Act
33-39-7-9. Establishment of Fund; Contents
33-39-7-10. Fund Construed as Trust; Purpose
33-39-7-11. Administration; Commingling; Duties of Board; Appeals; Confidentiality of Fund Records
33-39-7-12.5. Submission of Contributions, Reports, and Records Electronically
33-39-7-13. Withdrawals; Rejoining Fund if Participant Returns to Service
33-39-7-15. Eligibility for Retirement Benefits
33-39-7-16. Computation of Retirement Benefits
33-39-7-17. Eligibility for Disability Benefits; Certification by Physician; Segregation of Records
33-39-7-18. Computation of Disability Benefits
33-39-7-19. Benefits Payable to Surviving Spouse; Eligibility; Computation
33-39-7-20. Benefits Payable to Dependent Children; Eligibility; Computation; Distribution
33-39-7-21. Withdrawal of Funds After Participant Dies; Surviving Spouse; Children; Estate
33-39-7-22. Satisfaction of Section 401 of the Internal Revenue Code Requirements
33-39-7-24. Rollover to Eligible Retirement Plan