Sec. 6.3. (a) Notwithstanding any other provision in this article, IC 5-10.3, or IC 5-10.4, a member who:
(1) has not attained vested status in the fund;
(2) is not an active participant in the fund; and
(3) is an active participant in a retirement plan established under IC 36-8-10-12;
may suspend membership in the fund and transfer the entire amount in the member's annuity savings account in accordance with the member's purchase of service credit under IC 36-8-10-12.5.
(b) A member who makes a transfer under IC 36-8-10-12.5 from the member's annuity savings account shall provide notice of the transfer on a form provided by the board.
(c) A transfer under IC 36-8-10-12.5 is irrevocable.
(d) A member who makes a transfer under this section waives all credit for service in the fund.
As added by P.L.98-2009, SEC.1.
Structure Indiana Code
Title 5. State and Local Administration
Article 10.2. Public Retirement and Disability Benefits
Chapter 3. Creditable Service; Contributions; Withdrawals; Death Settlements
5-10.2-3-1. Creditable Service
5-10.2-3-1.2. Additional Service Credit Purchase
5-10.2-3-2. Members' Contributions; Employers Picking Up
5-10.2-3-3. Deduction of Contributions
5-10.2-3-5. Suspension of Membership
5-10.2-3-6. Withdrawal of Contributions; Treatment of Suspended Member's Account
5-10.2-3-6.5. Withdrawal of Annuity Savings Account Before Retirement
5-10.2-3-7.5. Survivor Benefits; Forfeiture
5-10.2-3-7.6. Survivor Benefits of Member With 30 Years Creditable Service
5-10.2-3-8. Survivor Benefits; Death While Not in Service
5-10.2-3-9. Survivor Benefits; Death After July 1, 1991, While Eligible for Retirement Benefits