Sec. 8. (a) Subject to the board obtaining any approval from the Internal Revenue Service that the board considers necessary or desirable, the board shall establish:
(1) a stable value fund for the plan; and
(2) alternative investment programs for the plan.
(b) The board may adopt requirements and rules that apply to the alternative investment programs within the plan, including the following:
(1) The board's investment guidelines and limits for the alternative investment programs.
(2) A member's selection of and changes to the member's investment options.
(3) The valuation of a member's account.
(4) The allocation and payment of administrative expenses for the alternative investment programs.
(c) The board shall determine the appropriate administrative fees to be charged to the member accounts.
As added by P.L.217-2017, SEC.58. Amended by P.L.27-2019, SEC.14.
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