Sec. 10. Assignment of Benefits. A member or a beneficiary may not assign any payment except for:
(1) premiums on a life, hospitalization, surgical, or medical group insurance plan maintained in whole or in part by:
(A) a state agency; or
(B) any association that proves to the board's satisfaction that the association has as members at least twenty percent (20%) of the number of the retired members of the fund; and
(2) dues to any association which proves to the board's satisfaction that the association has as members at least twenty percent (20%) of the number of the retired members of the fund.
As added by Acts 1977, P.L.53, SEC.3. Amended by Acts 1980, P.L.28, SEC.9; P.L.12-2008, SEC.2.
Structure Indiana Code
Title 5. State and Local Administration
Article 10.3. The Public Employees' Retirement Fund
5-10.3-8-0.1. Application of Certain Amendments to Chapter
5-10.3-8-1. Conditions and Computation
5-10.3-8-2. State Legislators; Average of Annual Compensation; Computation
5-10.3-8-3. Retirement Benefit Options
5-10.3-8-4. Disability Retirement; Conditions; Computation
5-10.3-8-7. Re-Employment of Retired Members
5-10.3-8-8. Payment of Retirement Benefit
5-10.3-8-10. Assignment of Benefits
5-10.3-8-12. Stopping Member's Benefit Payments; Grounds; Limitations
5-10.3-8-13. Public Employees' Retirement Fund Benefits; Cost of Living Increase
5-10.3-8-14. Retirement Medical Benefits Account
5-10.3-8-15. Allocation of Benefits; Distribution of Death Benefit