Sec. 6. (a) The effective date of a modification of the agreement must be determined by resolution of the board of each of the following retirement systems:
(1) The applicable pension system administered by the Indiana public retirement system.
(2) Any retirement system established by a state educational institution.
For political subdivisions the governing body shall determine the effective date by resolution. The effective date may be made retroactive to the extent permitted by federal law.
(b) The effective date of a modification for employees of political subdivisions with retirement systems which are not covered by subsection (a) may be January 1, 1955, or any subsequent January 1.
As added by Acts 1977, P.L.53, SEC.1. Amended by P.L.2-2007, SEC.90; P.L.35-2012, SEC.28.
Structure Indiana Code
Title 5. State and Local Administration
Article 10.1. Social Security Coverage for Public Employees
Chapter 4. Coverage of Members of Retirement Systems
5-10.1-4-2. Procedure for Referenda
5-10.1-4-3. Referenda for Public Employees' Retirement Fund
5-10.1-4-4. Effect of Affirmative Vote in Referenda