Indiana Code
Title 5. State and Local Administration
Article 10.4. State Teachers' Retirement Fund

5-10.4-2-2.5. Adjustment of Employer Compensation Rate Because of Certain Savings - Sec. 2.5. The board shall adjust the employer contribution rate...

5-10.4-2-3. Proration of Expenses Among Accounts - Sec. 3. (a) The board shall: (1) prorate the expenses...

5-10.4-2-4. Required Appropriation - Sec. 4. (a) The general assembly shall appropriate an amount...

5-10.4-2-5. Pension Stabilization Fund - Sec. 5. (a) The pension stabilization fund is established. The...

5-10.4-2-5.5. Allocation From Pension Stabilization Fund Certain Amounts - Sec. 5.5. The board shall allocate from the pension stabilization...

5-10.4-2-6. Allocation of Interest Income - Sec. 6. The board shall do the following: (1) Credit...

Chapter 3. Board

5-10.4-3-1. Repealed - [Pre-2006 Education Finance Recodification Citation: 21-6.1-3-1.] As added by P.L.2-2006,...

5-10.4-3-2. Repealed - [Pre-2006 Education Finance Recodification Citation: 21-6.1-3-2.] As added by P.L.2-2006,...

5-10.4-3-3. Repealed - [Pre-2006 Education Finance Recodification Citation: 21-6.1-3-3.] As added by P.L.2-2006,...

5-10.4-3-4. Repealed - [Pre-2006 Education Finance Recodification Citation: 21-6.1-3-4.] As added by P.L.2-2006,...

5-10.4-3-5. Repealed - [Pre-2006 Education Finance Recodification Citation: 21-6.1-3-5.] As added by P.L.2-2006,...

5-10.4-3-6. Repealed - [Pre-2006 Education Finance Recodification Citation: 21-6.1-3-6.] As added by P.L.2-2006,...

5-10.4-3-7. Financial Information; Annualization of Data - Sec. 7. The board shall annually analyze the fund's: (1)...

5-10.4-3-8. Repealed - [Pre-2006 Education Finance Recodification Citation: 21-6.1-3-7.] As added by P.L.2-2006,...

5-10.4-3-9. Management of Property - Sec. 9. (a) The board is responsible for the fund's...

5-10.4-3-10. Investments - Sec. 10. (a) The board shall invest its assets with...

5-10.4-3-11. Compliance With Federal Law - Sec. 11. The board's transactions under section 10 of this...

5-10.4-3-12. Form of Securities - Sec. 12. Each security may be held in bearer form...

5-10.4-3-13. Custodial Agreements - Sec. 13. (a) The board may enter into a custodial...

5-10.4-3-14. Management of Custodial Account - Sec. 14. All income and other receipts from securities may...

5-10.4-3-15. Conflict of Interest Prohibited - Sec. 15. (a) Except as otherwise provided, a trustee or...

5-10.4-3-16. Criminal Penalties - Sec. 16. A person who recklessly violates section 10, 12,...

Chapter 4. Fund Membership; Employee Contributions; Creditable Service; Purchase of Service; Fund Withdrawal

5-10.4-4-0.1. Application of Certain Amendments to Chapter - Sec. 0.1. The amendments made to section 8 of this...

5-10.4-4-0.2. Application of Certain Amendments to Chapter - Sec. 0.2. The amendments made to IC 21-6.1-4-6.1 (before its...

5-10.4-4-1. Membership - Sec. 1. (a) The members of the fund include: (1)...

5-10.4-4-2. Creditable Service - Sec. 2. (a) Creditable service is determined under IC 5-10.2-3-1...

5-10.4-4-3. Creditable Service Earned Under Prior Law - Sec. 3. (a) Except as provided in subsection (b), a...

5-10.4-4-4. Out-of-State Service - Sec. 4. (a) As used in this section, "out-of-state service"...

5-10.4-4-5. Private Teaching Service - Sec. 5. (a) As used in this section, "private teaching...

5-10.4-4-6. Substitute Teaching Service - Sec. 6. (a) As used in this section, "substitute teaching...

5-10.4-4-7. Leaves of Absence - Sec. 7. (a) Except as provided in section 8 of...

5-10.4-4-8. Military Service Credit; Teachers; College Teacher Education; Employees at State Institutions of Higher Learning - Sec. 8. (a) This subsection applies to a member who...

5-10.4-4-9. Computation of State Liability - Sec. 9. The board shall determine the actuarial liability resulting...

5-10.4-4-10. Designation of Beneficiary; Allocation of Benefits - Sec. 10. (a) The director shall obtain a designation of...

5-10.4-4-11. Member Contributions to Fund - Sec. 11. (a) This section does not apply to a...

5-10.4-4-12. Cash Rollover Contributions - Sec. 12. (a) The fund may accept cash rollover contributions...

5-10.4-4-13. Withdrawal Provisions - Sec. 13. A member who suspends membership is subject to...

5-10.4-4-14. Service Not Related to Governmental Unit; Contribution of Employer Share - Sec. 14. (a) After December 31, 1994, creditable service does...

Chapter 5. Benefits

5-10.4-5-0.2. Application of Certain Amendments to Chapter - Sec. 0.2. The amendments made to IC 21-6.1-5-9 (before its...

5-10.4-5-0.3. Validation of Certain Actions Taken by Public Schools - Sec. 0.3. Actions taken by the public schools after December...

5-10.4-5-1. Disability Benefit - Sec. 1. (a) A member who becomes disabled after June...

5-10.4-5-2. Calculation of Disability Benefit - Sec. 2. (a) The monthly classroom disability benefit paid under...

5-10.4-5-3. Deduction From Death Benefits - Sec. 3. (a) If a member dies while on a...

5-10.4-5-4. Election to Terminate Disability Benefit at Retirement Age - Sec. 4. After reaching sixty-five (65) years of age or...

5-10.4-5-5. Prohibition Against Mandatory Retirement Age - Sec. 5. The state or a school corporation may not...

5-10.4-5-6. Eligibility for Retirement Benefits - Sec. 6. A member is eligible for retirement benefits as...

5-10.4-5-7. Member-Legislators - Sec. 7. (a) As used in this section, "member-legislator" means...

5-10.4-5-8. Designation of Retirement Date - Sec. 8. (a) A member who: (1) has ceased employment...

5-10.4-5-9. Schedule; Initial Pension Benefit - Sec. 9. (a) The fund shall make a member's first...

5-10.4-5-10. Cancellation of Uncashed Benefit Check - Sec. 10. (a) If a benefit check issued by the...

5-10.4-5-11. Payment Options - Sec. 11. A member may have the member's retirement benefits...

5-10.4-5-12. Death Before Retirement; Payment of Benefits - Sec. 12. If a member dies before retirement, the member's...

5-10.4-5-13. Calculation of Benefit; Teaching After Initial Retirement - Sec. 13. IC 5-10.2-4-8 applies to the reemployment of a...

5-10.4-5-14. Benefits Exempted From Legal Process; Reimbursement of Employers; Withholding of Payments While Charges of Criminal Taking From Employer Pending - Sec. 14. (a) The benefits payable from the fund are...

5-10.4-5-14.5. Assignment of Benefits - Sec. 14.5. A member's transfer of a benefit payment is...

5-10.4-5-15. Termination of Benefits; Grounds; Limitations - Sec. 15. (a) The board may stop a member's benefit...

5-10.4-5-16. Retirement Before July 1, 1975; Limitations on Reductions in Benefits - Sec. 16. The computation of benefits described in section 2...

5-10.4-5-17. Claims of Error - Sec. 17. A member may petition the board to correct...

Chapter 6. Restricted Benefits

5-10.4-6-1. Members Retired on July 1, 1967; Additional Monthly Benefit - Sec. 1. (a) In addition to any other benefit received...

5-10.4-6-2. Members Retired Under Law Enacted Before January 1, 1949; Increased Benefit - Sec. 2. (a) After July 9, 1949, a member receiving...

5-10.4-6-3. Members Retired Under Law Enacted Before January 1, 1951; Increased Benefit - Sec. 3. (a) After July 9, 1951, a member receiving...

5-10.4-6-4. Minimum Pension Benefit After July 1, 2017; Appropriation - Sec. 4. (a) Beginning July 1, 1965, a person who...

5-10.4-6-5. Supplemental Minimum Benefit; Minimum Pension Benefit After July 1, 2017; Appropriation - Sec. 5. (a) A retired member is entitled to a...

5-10.4-6-6. Postretirement Increase Payable After June 30, 1978 - Sec. 6. (a) In addition to the increase provided in...

5-10.4-6-7. Restriction on Charging Postretirement Increase to Annuity Reserve - Sec. 7. The costs of postretirement increases for the following...

5-10.4-6-8. Postretirement Increase Payable After December 31, 2002 - Sec. 8. (a) The pension portion (plus postretirement increases to...

5-10.4-6-9. Postretirement Increase Payable After December 31, 2003 - Sec. 9. (a) The pension portion (plus postretirement increases to...

5-10.4-6-10. Postretirement Increase Payable After December 31, 2004 - Sec. 10. (a) The pension portion (plus postretirement increases to...

Chapter 7. School Corporation Reports and Administration

5-10.4-7-1. Notice to Teachers of Benefits; Requirement to Include Benefits in Contracts - Sec. 1. (a) The administrative officers of a school corporation...

5-10.4-7-2. Duty of Teacher to Complete Record Form - Sec. 2. A teacher new to the service, when the...

5-10.4-7-3. Requirement to Deduct Member Contribution From Salary; Report to Member - Sec. 3. (a) Unless the member's contribution is made on...

5-10.4-7-4. Officer's Bond Required to Cover Failure to Deduct Employee Contribution - Sec. 4. (a) The treasurer of a school corporation, the...

5-10.4-7-5. Reports; New Employee Information - Sec. 5. (a) Not later than October 1 of each...

5-10.4-7-6. Reports; Member Contributions - Sec. 6. (a) As used in this section, "net contributions"...

5-10.4-7-7. Reports; Employment Information - Sec. 7. (a) Not later than January 15, April 15,...

5-10.4-7-8. Penalties; Failure to Make Report - Sec. 8. If the treasurer of a school corporation, the...

5-10.4-7-9. Reimbursement of Expenses of Secretary of Education Related to Enforcement of Penalties - Sec. 9. Expenses of the secretary of education necessary in...

5-10.4-7-10. Separate Accounts for Each School Corporation and Each Employer Group - Sec. 10. (a) Except as provided in subsection (b), the...

5-10.4-7-11. Employer Contribution Rate - Sec. 11. (a) Annually the board shall certify to each...

5-10.4-7-12. Recovery of Amounts Due From School Corporation - Sec. 12. (a) If a school corporation fails to make...

Chapter 8. Teachers' Defined Contribution Plan

5-10.4-8-1. Application to Employees - Sec. 1. (a) Except as provided in subsection (b), this...

5-10.4-8-2. Definitions - Sec. 2. The following definitions apply throughout this chapter: (1)...

5-10.4-8-3. Application of Annuity Savings Account Provisions; Irs Approval - Sec. 3. Except as otherwise provided in this chapter or...

5-10.4-8-4. Teacher's Defined Contribution Plan Established - Sec. 4. (a) The teachers' defined contribution plan is established...

5-10.4-8-5. Request for Irs Rulings - Sec. 5. The board may request from the Internal Revenue...

5-10.4-8-6. Election to Become a Member of Plan - Sec. 6. (a) An individual who, on or after the...

5-10.4-8-7. Plan Contributions; Member Accounts - Sec. 7. (a) The plan consists of the following: (1)...

5-10.4-8-8. Stable Value Fund; Alternative Investment Programs - Sec. 8. (a) Subject to the board obtaining any approval...

5-10.4-8-9. Member Contribution; Employer Obligation to Make Required Member Contribution; Additional Member Contribution - Sec. 9. (a) Each member's contribution to the plan is...

5-10.4-8-10. Contribution Rates - Sec. 10. (a) An employer shall make employer contributions to...

5-10.4-8-11. Contributions and Earnings Belong to Member; Vesting in Employer Contribution Subaccount; Forfeiture of Employer Contributions - Sec. 11. (a) Member contributions and net earnings on the...

5-10.4-8-12. Withdrawals From Member Account - Sec. 12. (a) After December 31, 2020, subject to the...

5-10.4-8-13. Member Death; Payment to Beneficiaries - Sec. 13. (a) If a member dies: (1) while in...

5-10.4-8-14. Assets of Plan Exempt From Levy, Sale, Garnishment, Attachment, or Other Legal Process; Limited Assignment by Member - Sec. 14. (a) All assets in the plan are exempt...

5-10.4-8-15. Rollovers - Sec. 15. (a) To the extent permitted by the Internal...

5-10.4-8-16. Member Disability - Sec. 16. (a) If a member becomes disabled while in...

5-10.4-8-17. Resuming Membership; Second Election Not Allowed - Sec. 17. (a) If a member of the plan separates...

Chapter 9. Participation by School Corporations in the Defined Contribution Plan

5-10.4-9-1. Definitions - Sec. 1. The following definitions apply throughout this chapter: (1)...

5-10.4-9-2. School Corporation Plan Participation Declared - Sec. 2. On the effective date of the plan, a...

5-10.4-9-3. Governing Body Actions - Sec. 3. After a school corporation becomes a participant in...

5-10.4-9-4. Separate Accounts for Each Contribution Rate Group - Sec. 4. The board shall maintain separate accounts for each...

5-10.4-9-5. School Corporation Appropriations and Payments From School General Fund - Sec. 5. A school corporation shall make the appropriations and...

5-10.4-9-6. Withholding Money From or Suing a School Corporation That Fails to Make Payments to the Plan - Sec. 6. If a school corporation fails to make payments...

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Indiana Code Title 5. State and Local Administration Article 10.4. State Teachers' Retirement Fund

Indiana Code
Title 5. State and Local Administration
Article 10.4. State Teachers' Retirement Fund