Sec. 11. (a) The INPRS shall adopt provisions to establish a retirement medical benefits account as a health reimbursement arrangement or as a separate fund under another applicable section of the Internal Revenue Code for the purpose of funding by an employer on a pretax basis benefits for sickness, accident, hospitalization, and medical expenses for a participant and the spouse and dependents of a participant after the participant's retirement.
(b) The INPRS shall administer the account and may request the assistance of the department, the fund, and other state agencies. The account shall be maintained as a separate account to pay benefits for sickness, accident, hospitalization, and medical expenses for retired participants and their spouses and dependents.
(c) Notwithstanding any other provision of this chapter, the INPRS may not establish the account or implement the health reimbursement arrangement unless the general assembly makes a specific appropriation to implement the health reimbursement arrangement.
(d) The INPRS may adopt rules and regulations under IC 5-10.5-4-2 that it considers appropriate or necessary to administer the account.
As added by P.L.44-2007, SEC.1. Amended by P.L.108-2019, SEC.88.
Structure Indiana Code
Title 5. State and Local Administration
Article 10. Public Employee Benefits
Chapter 8.5. Retirement Medical Benefits Account
5-10-8.5-0.1. Application of Certain Amendments to Chapter
5-10-8.5-1. Application of Chapter
5-10-8.5-7. "Internal Revenue Code"
5-10-8.5-9. "Retired Participant"
5-10-8.5-9.5. Transfer of Service Credit; Eligible Employee
5-10-8.5-9.6. Transfer of Service Credit; Position Other Than Eligible Employee
5-10-8.5-11. Account Established; Administered by Inprs; Specific Appropriation Required
5-10-8.5-12. Authorization to Request Internal Revenue Service Rulings
5-10-8.5-13. Management and Pooling of Account Assets; Confidentiality of Account Records
5-10-8.5-14. Account; Subaccounts; Administrative Costs
5-10-8.5-15. Annual Employer Contributions; Limits for Certain Participants
5-10-8.5-16. Employer Additional Contribution; Eligibility; Computation
5-10-8.5-17. Eligibility for Benefits; Benefit Amount
5-10-8.5-18. Account Benefits; Coverage
5-10-8.5-19. Surviving Spouse or Dependent Use of Account; Forfeiture