Sec. 1. (a) Except as provided in subsection (b), this chapter applies after the effective date of the plan to an individual who:
(1) begins employment with a school corporation in a covered position that would otherwise be eligible for membership in the fund under IC 5-10.4-4; and
(2) makes an election described in section 6 of this chapter to become a member of the plan.
(b) This chapter does not apply to the following:
(1) An individual who, before the effective date of the plan, is or was a member (as defined in IC 5-10.4-1-9) of the fund.
(2) An individual who, on or after the effective date of the plan:
(A) begins employment with a school corporation that participates in the plan in a covered position that would otherwise be eligible for membership in the fund under IC 5-10.4-4; and
(B) does not make the election described in section 6 of this chapter to become a member of the plan.
As added by P.L.217-2017, SEC.58.
Structure Indiana Code
Title 5. State and Local Administration
Article 10.4. State Teachers' Retirement Fund
Chapter 8. Teachers' Defined Contribution Plan
5-10.4-8-1. Application to Employees
5-10.4-8-3. Application of Annuity Savings Account Provisions; Irs Approval
5-10.4-8-4. Teacher's Defined Contribution Plan Established
5-10.4-8-5. Request for Irs Rulings
5-10.4-8-6. Election to Become a Member of Plan
5-10.4-8-7. Plan Contributions; Member Accounts
5-10.4-8-8. Stable Value Fund; Alternative Investment Programs
5-10.4-8-10. Contribution Rates
5-10.4-8-12. Withdrawals From Member Account
5-10.4-8-13. Member Death; Payment to Beneficiaries
5-10.4-8-16. Member Disability
5-10.4-8-17. Resuming Membership; Second Election Not Allowed