Sec. 10. (a) Except as provided in subsection (b), the board shall maintain separate reserve accounts within the 1996 account for each school corporation.
(b) If the board sets a group employer rate under IC 5-10.2-2-11(b), the board shall maintain separate reserve accounts within the 1996 account for each employer group.
(c) Credits and charges to these accounts must be made as prescribed in IC 5-10.2-2.
[Pre-2006 Education Finance Recodification Citation: 21-6.1-7-11.]
As added by P.L.2-2006, SEC.28. Amended by P.L.115-2009, SEC.20.
Structure Indiana Code
Title 5. State and Local Administration
Article 10.4. State Teachers' Retirement Fund
Chapter 7. School Corporation Reports and Administration
5-10.4-7-1. Notice to Teachers of Benefits; Requirement to Include Benefits in Contracts
5-10.4-7-2. Duty of Teacher to Complete Record Form
5-10.4-7-3. Requirement to Deduct Member Contribution From Salary; Report to Member
5-10.4-7-4. Officer's Bond Required to Cover Failure to Deduct Employee Contribution
5-10.4-7-5. Reports; New Employee Information
5-10.4-7-6. Reports; Member Contributions
5-10.4-7-7. Reports; Employment Information
5-10.4-7-8. Penalties; Failure to Make Report
5-10.4-7-9. Reimbursement of Expenses of Secretary of Education Related to Enforcement of Penalties
5-10.4-7-10. Separate Accounts for Each School Corporation and Each Employer Group
5-10.4-7-11. Employer Contribution Rate
5-10.4-7-12. Recovery of Amounts Due From School Corporation