Indiana Code
Chapter 12. Public Employees' Defined Contribution Plan
5-10.3-12-23. Member Required Contributions; Additional Contributions; Crediting; Employer Pick-Up and Payment

Sec. 23. (a) This section does not apply to a member of the plan described in section 1(a)(7) of this chapter with respect to the member's service with a volunteer fire department.
(b) Each member's contribution to the plan is equal to three percent (3%) of the member's compensation.
(c) For a member who is an employee of the state, the state shall pay the member's contribution on behalf of the member each year.
(d) For a member who is an employee of a political subdivision, the political subdivision may pay all or part of the member's contribution on behalf of the member.
(e) To the extent permitted by the Internal Revenue Code and applicable regulations, a member of the plan may make contributions to the plan in addition to the contribution required under subsection (b). IC 5-10.2-3-2(c) and IC 5-10.2-3-2(d) govern additional contributions made under this subsection.
(f) Member contributions will be credited to the member's account as specified in IC 5-10.2-3.
(g) Although designated as employee contributions, the contributions made under subsection (c) are picked up and paid by the state as the employer in lieu of the contributions being paid by the employee in accordance with Section 414(h)(2) of the Internal Revenue Code.
(h) Although designated as employee contributions, the contributions made under subsection (d) by a political subdivision may be picked up and paid by the employer instead of the contributions being paid by the employee in accordance with Section 414(h)(2) of the Internal Revenue Code.
(i) A member may not receive any amounts paid by an employer under this section directly instead of having the amounts paid to the plan.
As added by P.L.22-2011, SEC.2. Amended by P.L.5-2014, SEC.1; P.L.241-2015, SEC.32; P.L.96-2020, SEC.5.

Structure Indiana Code

Indiana Code

Title 5. State and Local Administration

Article 10.3. The Public Employees' Retirement Fund

Chapter 12. Public Employees' Defined Contribution Plan

5-10.3-12-1. Applicability of Chapter

5-10.3-12-2. "Account"

5-10.3-12-3. "Annuity Savings Account"

5-10.3-12-4. "Board"

5-10.3-12-5. "Compensation"

5-10.3-12-6. "Dies in the Line of Duty"

5-10.3-12-7. "Effective Date"

5-10.3-12-7.5. "Employees of the State"

5-10.3-12-8. "Employer"

5-10.3-12-9. "Employer Contribution Subaccount"

5-10.3-12-10. "Fund"

5-10.3-12-11. "Internal Revenue Code"

5-10.3-12-12. "Member"

5-10.3-12-13. "Member Contribution Account"

5-10.3-12-14. "Normal Retirement Age"

5-10.3-12-14.5. "Participating Political Subdivision"

5-10.3-12-15. "Plan"

5-10.3-12-15.5. "Volunteer Fire Department"

5-10.3-12-16. "Years of Participation"

5-10.3-12-17. Applicability of Other Laws

5-10.3-12-18. Establishment and Administration of Plan; Internal Revenue Service Approval

5-10.3-12-19. Authorization to Request Internal Revenue Service Rulings or Determination Letters

5-10.3-12-20. Plan Membership; Election; Fund Membership

5-10.3-12-20.3. Election During July 2016, by First Time State Employee Who Is Fund Member

5-10.3-12-20.5. Election by Employee of Political Subdivision to Become Plan Member; Failure to Make Election

5-10.3-12-21. Plan; Member Accounts; Rollover Accounts

5-10.3-12-22. Alternative Investment Programs; Stable Value Fund Program; Requirements and Rules; Administrative Fees

5-10.3-12-23. Member Required Contributions; Additional Contributions; Crediting; Employer Pick-Up and Payment

5-10.3-12-24. State Employer Contribution; Contribution Rate Determination; Minimum Rate; Amounts Credited; Electronic Submission of Contributions

5-10.3-12-24.5. Political Subdivision Employer Contribution; Contribution Rate Determination; Amounts Credited; Electronic Submission of Contributions

5-10.3-12-24.7. Political Subdivision Contributions; Members of a Volunteer Fire Department

5-10.3-12-25. Member Contributions Belong to Member; Vesting Schedule for Employer Contributions; Forfeiture of Amounts Not Vested

5-10.3-12-26. Member Accounts; Withdrawals; Forms of Payment

5-10.3-12-27. Member Accounts; Beneficiary or Survivor Withdrawals; Forms of Payment

5-10.3-12-28. Plan Exempt From Legal Process; Assignment of Payments

5-10.3-12-29. Rollover Contributions; Rollover Accounts

5-10.3-12-30. Member Accounts; Disability Withdrawals; Forms of Payment

5-10.3-12-31. Effect of Reemployment on Plan Participation

5-10.3-12-32. Election by State or Participating Political Subdivision to Allow Plan Participation by Retired Reemployed Fund Members