Sec. 7. (a) As used in this section, "member-legislator" means a member who has at least:
(1) twenty (20) years of service credit as a teacher; and
(2) ten (10) years of service in the general assembly.
(b) Notwithstanding IC 5-10.2-4-3 or IC 5-10.2-4-3.1, in computing the pension for a member-legislator, the average of the annual compensation is the sum of the salaries in any one (1) year for a member-legislator's:
(1) position covered by the fund; and
(2) service in the general assembly.
[Pre-2006 Education Finance Recodification Citation: 21-6.1-5-7.5.]
As added by P.L.2-2006, SEC.28.
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