Sec. 9. The board shall determine the actuarial liability resulting from the years of service of the members in the fund and shall determine the state's share of the liability. The board shall distribute the payment of this liability over a period of years that will be equitable to the state and the fund, not to exceed thirty (30) years.
[Pre-2006 Education Finance Recodification Citation: 21-6.1-4-7.]
As added by P.L.2-2006, SEC.28. Amended by P.L.111-2015, SEC.4.
Structure Indiana Code
Title 5. State and Local Administration
Article 10.4. State Teachers' Retirement Fund
5-10.4-4-0.1. Application of Certain Amendments to Chapter
5-10.4-4-0.2. Application of Certain Amendments to Chapter
5-10.4-4-2. Creditable Service
5-10.4-4-3. Creditable Service Earned Under Prior Law
5-10.4-4-4. Out-of-State Service
5-10.4-4-5. Private Teaching Service
5-10.4-4-6. Substitute Teaching Service
5-10.4-4-9. Computation of State Liability
5-10.4-4-10. Designation of Beneficiary; Allocation of Benefits
5-10.4-4-11. Member Contributions to Fund
5-10.4-4-12. Cash Rollover Contributions
5-10.4-4-13. Withdrawal Provisions
5-10.4-4-14. Service Not Related to Governmental Unit; Contribution of Employer Share