Sec. 6. (a) An individual who, on or after the effective date of the plan, 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 may elect to become a member of the plan.
(b) An election under this section:
(1) must be made in writing;
(2) must be filed with the board, on a form prescribed by the board; and
(3) is irrevocable.
(c) An individual who does not elect to become a member of the plan becomes a member (as defined in IC 5-10.4-1-9) of the fund.
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