Sec. 32. (a) Notwithstanding section 20 and section 31(b) of this chapter, the state may elect to allow an individual who meets the following conditions to begin or resume membership in the plan for a period of reemployment with the state on the later of the date the board receives notice that the state has made an election under this subsection or the date on which the individual's period of reemployment begins:
(1) The individual is a retired member (as defined in IC 5-10.3-1-5) of the fund.
(2) The individual is prohibited from making contributions to the fund under IC 5-10.2-4-8(e) during a period of reemployment that begins more than thirty (30) days after the member retired.
(3) On or after the date the board receives notice that the state has made an election under this subsection, the individual begins, or is engaged in, a period of reemployment with the state in a position that would otherwise be covered by the fund.
An election by the state under this subsection must be made as provided under IC 5-10.2-2-23 and is effective on the date that notice of the election is filed with the board.
(b) Notwithstanding section 20.5 and section 31(c) of this chapter, a participating political subdivision may adopt an ordinance or resolution allowing an individual who meets the following conditions to begin or resume membership in the plan for a period of reemployment with the participating political subdivision on the later of the date the ordinance or resolution adopted by the participating political subdivision is filed with the board or the date on which the individual's period of reemployment begins:
(1) The individual is a retired member (as defined in IC 5-10.3-1-5) of the fund.
(2) The individual is prohibited from making contributions to the fund under IC 5-10.2-4-8(e) during a period of reemployment that begins more than thirty (30) days after the member retired.
(3) On or after the date a participating political subdivision files an ordinance or resolution adopted under this subsection, the individual begins, or is engaged in, a period of reemployment with a participating political subdivision as a full-time employee in a position that would otherwise be covered by the fund.
An election by a participating political subdivision under this subsection is effective on the date the ordinance or resolution adopted by a participating political subdivision is filed with the board.
As added by P.L.209-2016, SEC.8.
Structure 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
5-10.3-12-3. "Annuity Savings Account"
5-10.3-12-6. "Dies in the Line of Duty"
5-10.3-12-7.5. "Employees of the State"
5-10.3-12-9. "Employer Contribution Subaccount"
5-10.3-12-11. "Internal Revenue Code"
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"
5-10.3-12-15.5. "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
5-10.3-12-21. Plan; Member Accounts; Rollover Accounts
5-10.3-12-24.7. Political Subdivision Contributions; Members of a Volunteer Fire Department
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