Indiana Code
Chapter 8. Teachers' Defined Contribution Plan
5-10.4-8-7. Plan Contributions; Member Accounts

Sec. 7. (a) The plan consists of the following:
(1) Each member's contributions to the plan under section 9 of this chapter.
(2) Contributions made by an employer to the plan on behalf of each member under section 10 of this chapter.
(3) Rollovers to the plan by a member under section 15 of this chapter.
(4) All earnings on investments or deposits of the plan.
(5) All contributions or payments to the plan made in the manner provided by the general assembly.
(b) The plan shall establish an account for each member. A member's account consists of two (2) subaccounts credited individually as follows:
(1) The member contribution subaccount consists of:
(A) the member's contributions to the plan under section 9 of this chapter; and
(B) the net earnings on the contributions described in clause (A) as determined under section 8 of this chapter.
(2) The employer contribution subaccount consists of:
(A) the employer's contributions made on behalf of the member to the plan under section 10 of this chapter; and
(B) the earnings on the contributions described in clause (A) as determined under section 8 of this chapter.
The board may combine the two (2) subaccounts established under this subsection into a single account, if the board determines that a single account is administratively appropriate and permissible under applicable law.
(c) If a member makes rollover contributions under section 15 of this chapter, the plan shall establish a rollover account as a separate subaccount within the member's account.
As added by P.L.217-2017, SEC.58.