Sec. 14. (a) The benefits payable from the fund are exempt from seizure or levy on attachment, supplemental process, and all other processes. However, the member's contributions or benefits, or both, may be transferred by the board to reimburse the member's employer for loss resulting from the member's criminal taking of the employer's property if the board receives adequate proof of the loss. The loss resulting from the member's criminal taking of the member's employer's property must be proven by an order for restitution in favor of the employer issued by the sentencing court following a felony or misdemeanor conviction.
(b) The board may withhold payment of a member's contributions and interest if the employer of the member notifies the board that felony or misdemeanor charges accusing the member of the criminal taking of the employer's property have been filed.
(c) The board may withhold payment of a member's contributions and interest under subsection (b) until the final resolution of the criminal charges.
(d) Subsections (b) and (c) do not apply to the:
(1) pension portion of the member's retirement benefit; or
(2) disability retirement benefit of a member who becomes disabled.
[Pre-2006 Education Finance Recodification Citation: 21-6.1-5-17.]
As added by P.L.2-2006, SEC.28. Amended by P.L.15-2013, SEC.4; P.L.203-2019, SEC.2.
Structure Indiana Code
Title 5. State and Local Administration
Article 10.4. State Teachers' Retirement Fund
5-10.4-5-0.2. Application of Certain Amendments to Chapter
5-10.4-5-0.3. Validation of Certain Actions Taken by Public Schools
5-10.4-5-1. Disability Benefit
5-10.4-5-2. Calculation of Disability Benefit
5-10.4-5-3. Deduction From Death Benefits
5-10.4-5-4. Election to Terminate Disability Benefit at Retirement Age
5-10.4-5-5. Prohibition Against Mandatory Retirement Age
5-10.4-5-6. Eligibility for Retirement Benefits
5-10.4-5-7. Member-Legislators
5-10.4-5-8. Designation of Retirement Date
5-10.4-5-9. Schedule; Initial Pension Benefit
5-10.4-5-10. Cancellation of Uncashed Benefit Check
5-10.4-5-12. Death Before Retirement; Payment of Benefits
5-10.4-5-13. Calculation of Benefit; Teaching After Initial Retirement
5-10.4-5-14.5. Assignment of Benefits
5-10.4-5-15. Termination of Benefits; Grounds; Limitations
5-10.4-5-16. Retirement Before July 1, 1975; Limitations on Reductions in Benefits