Sec. 5. (a) Each public pension and retirement fund of the system shall pay the expenses of administration attributable to that public pension or retirement fund.
(b) The board shall:
(1) prorate the expenses of administration of the system that cannot be attributed to a particular public pension or retirement fund and the bond of the director among; and
(2) pay the prorated expenses from;
the public pension and retirement funds of the system.
As added by P.L.23-2011, SEC.22.
Structure Indiana Code
Title 5. State and Local Administration
Article 10.5. Indiana Public Pension Modernization Act
Chapter 6. Director; Reports and Administration
5-10.5-6-1. Director; Executive Officer; Appointment
5-10.5-6-3. Fund Member Records; Requirements
5-10.5-6-4. Fund Member Records; Confidentiality; Exceptions
5-10.5-6-5. Administrative Expenses; Proration