Sec. 4. (a) The local board shall ensure and confirm that:
(1) all amounts specified in this chapter to be applied to the 1953 fund, from any sources, are collected and applied to the fund;
(2) the various sums to be deducted from the salaries of the police officers concerned are deducted and are paid into the 1953 fund;
(3) the various sums to be contributed by the police special service district are so contributed and are received into the 1953 fund;
(4) any revenue in form of interest upon money invested or upon money due to the 1953 fund is received and placed into the fund; and
(5) all other money that should accrue to the 1953 fund is collected and paid into it.
(b) The local board shall have an audit of the accounts of the 1953 fund done at least once each biennium, by a person or persons competent to perform the audit, if the state board of accounts fails to examine the affairs of the fund during the period.
As added by Acts 1982, P.L.77, SEC.9.
Structure Indiana Code
Chapter 7.5. 1953 Police Pension Fund (Indianapolis)
36-8-7.5-0.1. Application of Certain Amendments to Chapter
36-8-7.5-1. Application of Chapter; Officers Eligible for Benefits
36-8-7.5-1.5. Qualification of 1953 Fund Under Internal Revenue Code; Benefit Limitations
36-8-7.5-1.7. "Americans With Disabilities Act"
36-8-7.5-1.9. Administration of Fund
36-8-7.5-2. Establishment of Fund; Local Board of Trustees; Terms; Vacancies; Compensation; Bylaws
36-8-7.5-3. Officers of Local Board; Powers and Duties; Secretary's Bond; Reports
36-8-7.5-4. Management of Revenue of Fund by Local Board
36-8-7.5-5. Applications to Local Board for Annuities, Pensions, and Benefits
36-8-7.5-6. Annual Report of Local Board
36-8-7.5-7. Employees of Local Board; Compensation
36-8-7.5-9. City Officers; Powers and Duties
36-8-7.5-10. Insufficient Pension Fund; Estimates; Statement; Tax Levy
36-8-7.5-10.5. Use of Certain Amounts in 1953 Fund
36-8-7.5-11. Investments of Local Board
36-8-7.5-12. Voluntary Retirement Pension; Emergency Services
36-8-7.5-12.5. Reemployment After Retirement
36-8-7.5-13.2. Determination Whether Disability in Line of Duty
36-8-7.5-13.6. Members Dying Other Than in Line of Duty
36-8-7.5-13.7. Members Dying in Line of Duty Before September 1, 1982
36-8-7.5-13.8. Death Benefits Paid to Beneficiary or Estate of Member
36-8-7.5-14.1. Members Dying in Line of Duty After August 31, 1982
36-8-7.5-15. Necessity of Application; Dismissed Member of Police Department
36-8-7.5-16. Reduction in Monthly Pension
36-8-7.5-20. Benefits Paid Contrary to Law; Recovery of Pension
36-8-7.5-21. Remuneration or Allowances Not to Be Used in Computation of Benefits
36-8-7.5-22. Special Lump Sum Death Benefit in Addition to Other Benefits