Sec. 17. (a) If a member of the plan separates from employment with the member's employer and later returns to employment in a position covered by the plan:
(1) the individual resumes membership in the plan; and
(2) the member is entitled to receive credit for the member's years of participation in the plan before the member's separation.
(b) An individual who elected under section 6 of this chapter to become a member of the plan resumes membership in the plan upon the individual's return to employment covered by the plan.
(c) An individual who did not elect to become a member of the plan resumes membership in the fund.
(d) An individual who returns to employment in a position covered by the plan having had an opportunity to make an election under section 6 of this chapter during an earlier period of employment is not entitled to a second opportunity to make an election under section 6 of this chapter.
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