Sec. 5. At least annually the state board shall report in writing to each affected unit of local government the following information:
(1) The projected pension payments for the next twenty (20) years.
(2) The present value of the total future projected pension payments.
[Pre-Local Government Recodification Citation: 19-1-37.3-4 part.]
As added by Acts 1980, P.L.8, SEC.45. Amended by P.L.47-1985, SEC.7; P.L.26-1996, SEC.5.
Structure Indiana Code
Title 5. State and Local Administration
Article 10.3. The Public Employees' Retirement Fund
Chapter 11. Pension Relief Fund
5-10.3-11-1. Creation; Administration; Revenues
5-10.3-11-2. Powers and Duties of State Board
5-10.3-11-3. Payments to Units of Local Government; Restriction
5-10.3-11-4. Certification of Information to State Board; Determination of Total Pension Payments