Sec. 3. (a) Unless the member's contribution is made on behalf of the member or the member is a retired member who may not make contributions during a period of reemployment as provided under IC 5-10.2-4-8(e), the treasurer of a school corporation, the township trustee, or the appropriate officer of any other institution covered by the fund shall:
(1) deduct from each member's salary the member's contribution for the fund; and
(2) issue to each member, on behalf of the board, a statement for each contribution deducted.
(b) The statement described in subsection (a)(2) is evidence that the member has credit from the fund for payment of the stated contribution.
[Pre-2006 Education Finance Recodification Citation: 21-6.1-7-3.]
As added by P.L.2-2006, SEC.28. Amended by P.L.72-2007, SEC.11; P.L.1-2009, SEC.20; P.L.195-2013, SEC.14.
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