Indiana Code
Chapter 8. 1977 Police Officers' and Firefighters' Pension and Disability Fund
36-8-8-18.1. Members Electing to Transfer or Being Transferred to 1997 Fund From Perf

Sec. 18.1. (a) As used in this section, "police officer" includes a former full-time, fully paid town marshal or full-time, fully paid deputy town marshal who is employed as a police officer by a metropolitan board of police commissioners.
(b) If a unit becomes a participant in the 1977 fund and the unit previously covered police officers, firefighters, or emergency medical technicians in PERF, or if the employees of the unit become members of the 1977 fund under section 7(g) of this chapter, the following provisions apply:
(1) A minimum benefit applies to members electing to transfer or being transferred to the 1977 fund from PERF. The minimum benefit, payable at age fifty-two (52), for such a member equals the actuarial equivalent of the vested retirement benefit payable to the member upon normal retirement under IC 5-10.2-4-1 as of the day before the transfer, based solely on:
(A) creditable service;
(B) the average of the annual compensation; and
(C) the amount credited to the annuity savings account;
of the transferring member as of the day before the transfer under IC 5-10.2 and IC 5-10.3.
(2) The system board shall transfer from PERF to the 1977 fund the amount credited to the annuity savings accounts that is necessary for the purchase of service credit and the present value of benefits attributable to the transferring members.
(3) The amount the unit and the member must contribute to the 1977 fund under section 18 of this chapter, if any service credit is to be given under that section, will be reduced by the amounts transferred to the 1977 fund by the system board under subdivision (2).
(4) Credit for prior service in PERF of a member as a police officer, a firefighter, or an emergency medical technician is waived in PERF. Any credit for that service under the 1977 fund shall only be given in accordance with section 18 of this chapter.
(5) Credit for prior service in PERF of a member, other than as a police officer, a firefighter, or an emergency medical technician, remains in PERF and may not be credited under the 1977 fund.
As added by P.L.4-1990, SEC.20. Amended by P.L.1-1991, SEC.215; P.L.101-1998, SEC.3; P.L.13-2011, SEC.21; P.L.35-2012, SEC.137; P.L.27-2019, SEC.31.

Structure Indiana Code

Indiana Code

Title 36. Local Government

Article 8. Public Safety

Chapter 8. 1977 Police Officers' and Firefighters' Pension and Disability Fund

36-8-8-0.1. Application of Certain Amendments to Chapter

36-8-8-1. Application of Chapter

36-8-8-1.5. "Electronic Funds Transfer"

36-8-8-2. "Employer"

36-8-8-2.1. "Local Board"

36-8-8-2.3. "System Board"

36-8-8-2.5. Qualification of 1977 Fund Under Internal Revenue Code

36-8-8-2.6. Administration of Fund

36-8-8-3. Participation by Units; Longevity Increases

36-8-8-4. Fund Established; Managed by System Board

36-8-8-5. System Board; Powers and Duties; Appeals; Personnel; Confidentiality of Fund Records

36-8-8-6. Employer Contributions; Reports and Records

36-8-8-6.5. Submission of Salary

36-8-8-7. Membership in Fund; Reemployment With Participating Employer

36-8-8-7.2. Fire Chief or Police Chief Transfer of Service Credit to Perf

36-8-8-8. Employee Contributions; Lump Sum Withdrawal on Termination of Employment

36-8-8-8.3. Purchase of Military Service Credit

36-8-8-8.5. Purchase of Service Credit in Certain Indiana Public Retirement Funds

36-8-8-8.6. Purchase of In-State Service Credit

36-8-8-8.8. Purchase of Out-of-State Service Credit

36-8-8-9. Conversion From Prior Fund

36-8-8-9.5. Fund Member Maximum Retirement Age

36-8-8-10. Eligibility for Retirement; Initiation of Benefits; Election to Receive Actuarially Reduced Benefits

36-8-8-11. Computation of Retirement Benefits; Actuarially Reduced Benefits

36-8-8-11.5. Reemployment After Retirement

36-8-8-12. Benefits for Members With Covered Impairments; Retirement Benefits for Members Who Have a Disability and Are Less Than 52 Years Old

36-8-8-12.3. Covered Impairments; Hearings; Inclusions; Class 3 Excludable Condition; Determination

36-8-8-12.4. Election of Coverage by Ic 36-8-8-12.5 and Ic 36-8-8-13.5

36-8-8-12.5. Determination of Class of Impairment

36-8-8-12.7. Hearings; Notice; Procedure; Discovery; Determinations; Appeals; Records; Determination Whether Disability in Line of Duty

36-8-8-13. Repealed

36-8-8-13.1. Submission of Determination of Local Board and Safety Board to System Director; Medical Examinations; Initial Determination; Objections; Hearing; Final Order; Appeals

36-8-8-13.3. Disability Benefits; Benefit for Catastrophic Physical Personal Injury

36-8-8-13.5. Applicability to Certain Fund Members; Disability Benefits for Classes of Impairment; Benefit for Catastrophic Physical Personal Injury

36-8-8-13.6. "Class 3 Excludable Condition"; Rules; Recording and Retaining Listing of Condition

36-8-8-13.7. Review of Member's Impairment; Hearing; Costs of Medical Examination

36-8-8-13.8. Members Dying Other Than in Line of Duty After August 31, 1982

36-8-8-13.9. Members Dying in Line of Duty Before September 1, 1982

36-8-8-14. Repealed

36-8-8-14.1. Members Dying in Line of Duty After August 31, 1982

36-8-8-14.2. Public Safety Officers Survivors' Health Coverage Cumulative Fund

36-8-8-15. Cost of Living Adjustment

36-8-8-16. Lump Sum Death Benefit

36-8-8-17. Benefits Exempt From Judicial Process; Reimbursement of Employers; Withholding Payments; Transfer Prohibited; Rollover to Eligible Retirement Plan

36-8-8-17.2. Voluntary Benefit Deductions

36-8-8-18. Credit for Service Prior to Participation in 1977 Fund; Rollover Distributions; Trustee to Trustee Transfers

36-8-8-18.1. Members Electing to Transfer or Being Transferred to 1997 Fund From Perf

36-8-8-19. Baseline Statewide Physical and Mental Examinations

36-8-8-20. Special Lump Sum Death Benefit in Addition to Other Benefits

36-8-8-21. 1977 Fund Members; Age Limitation; Aptitude, Physical Agility, and Physical and Mental Standards; Credit for Prior Service

36-8-8-22. Selection of Administrative Law Judge

36-8-8-23. Disability Retiree Supplemental Benefit

36-8-8-24. Beneficiary Designation