Indiana Code
Title 5. State and Local Administration
Article 10.5. Indiana Public Pension Modernization Act

Chapter 1. Definitions

5-10.5-1-1. Application - Sec. 1. The definitions in this chapter apply throughout this...

5-10.5-1-2. "Board" - Sec. 2. "Board" refers to the board of trustees of...

5-10.5-1-3. "Director" - Sec. 3. "Director" refers to the director of the system....

5-10.5-1-4. "Public Employees' Retirement Fund" - Sec. 4. "Public employees' retirement fund" means the public employees'...

5-10.5-1-5. "Public Pension and Retirement Funds of the System" - Sec. 5. "Public pension and retirement funds of the system"...

5-10.5-1-6. "System" - Sec. 6. "System" refers to the Indiana public retirement system...

5-10.5-1-7. "Teachers' Retirement Fund" - Sec. 7. "Teachers' retirement fund" means the Indiana state teachers'...

Chapter 2. Indiana Public Retirement System

5-10.5-2-1. System Established - Sec. 1. On July 1, 2011, the Indiana public retirement...

5-10.5-2-2. Funds Comprising the System - Sec. 2. The system consists of the following public pension...

5-10.5-2-3. Independent Body Corporate and Politic - Sec. 3. The system is an independent body corporate and...

5-10.5-2-4. Board, System, and Employees Are Public Employees - Sec. 4. For purposes of IC 34-13-2, IC 34-13-3, and...

5-10.5-2-5. System Management and Administration - Sec. 5. The system shall be managed and administered by...

5-10.5-2-6. Each Fund Is Separate Fund - Sec. 6. Each public pension or retirement fund listed in...

Chapter 3. Board of Trustees

5-10.5-3-1. Board Established; Purpose - Sec. 1. (a) The board of trustees of the Indiana...

5-10.5-3-2. Composition; Appointment; Vacancies; Trustee Education; Education Expense Reimbursement - Sec. 2. (a) The board is composed of nine (9)...

5-10.5-3-3. Term of Office - Sec. 3. (a) A trustee shall serve a term of...

5-10.5-3-5. Oath of Office; Qualification for Membership - Sec. 5. (a) Each trustee shall take an oath of...

5-10.5-3-6. Expense Reimbursement - Sec. 6. (a) Each trustee is entitled to reimbursement for...

5-10.5-3-7. Officers; Election; Term of Office - Sec. 7. (a) Not later than December 31 each year,...

5-10.5-3-8. Meetings; Open to the Public; Record of Proceedings - Sec. 8. (a) The board shall hold regular meetings at...

5-10.5-3-9. Repealed - As added by P.L.23-2011, SEC.22. Repealed by P.L.134-2012, SEC.7.

5-10.5-3-10. Voting; Quorum - Sec. 10. (a) Five (5) trustees constitute a quorum for...

Chapter 4. Board Powers and Duties

5-10.5-4-1. Duties - Sec. 1. The board shall do all of the following:...

5-10.5-4-2. Powers - Sec. 2. (a) The board may do any of the...

5-10.5-4-2.5. Third Party Contracts for Annuities; Limitations - Sec. 2.5. Notwithstanding any other provision in this article, IC...

5-10.5-4-2.6. Annuity Interest Rates - Sec. 2.6. (a) This subsection applies after September 30, 2014,...

5-10.5-4-3. Powers to Be Interpreted Broadly - Sec. 3. The board's powers as specified in this article...

5-10.5-4-4. Direct Deposit of Benefits - Sec. 4. Members and beneficiaries of the public pension and...

5-10.5-4-5. Postretirement Benefit Changes; Requirement - Sec. 5. (a) This section applies to the following public...

5-10.5-4-6. Inprs to Submit Annual Report to the Budget Committee Concerning Post-Employment Benefits - Sec. 6. The system shall, not later than December 1...

Chapter 5. Investments

5-10.5-5-1. Investment Powers, Duties, and Limitations; Penalties - Sec. 1. The board has the powers, duties, restrictions, limitations,...

5-10.5-5-2. Transactions Subject to Internal Revenue Code Qualification Requirements - Sec. 2. The board's transactions under this chapter are subject...

Chapter 6. Director; Reports and Administration

5-10.5-6-1. Director; Executive Officer; Appointment - Sec. 1. (a) The director is the executive officer of...

5-10.5-6-2. Director; Duties - Sec. 2. The director shall do the following: (1) Maintain...

5-10.5-6-3. Fund Member Records; Requirements - Sec. 3. (a) The board shall maintain individual records for...

5-10.5-6-4. Fund Member Records; Confidentiality; Exceptions - Sec. 4. (a) Records of: (1) individual members of; and...

5-10.5-6-5. Administrative Expenses; Proration - Sec. 5. (a) Each public pension and retirement fund of...

5-10.5-6-6. Report on Stress Test or Risk Assessment - Sec. 6. If during a state fiscal year beginning after...

5-10.5-6-6.5. Inprs to Submit Annual Report to the Interim Study Committee on Pension Management Oversight - Sec. 6.5. The system shall, not later than October 1...

Chapter 7. Short Title and Saving Provisions

5-10.5-7-1. Short Title - Sec. 1. This article shall be known as and may...

5-10.5-7-2. Transfer or Assumption of Tangible and Intangible Property; Transfer of Powers and Duties - Sec. 2. (a) All powers, duties, liabilities, property, equipment, records,...

5-10.5-7-3. Transfer of Fund and Account Balances - Sec. 3. Any amounts transferred under this subsection to the...

5-10.5-7-4. Transfer of Employees - Sec. 4. The employees of the: (1) public employees' retirement...

5-10.5-7-5. Rules and Regulations - Sec. 5. Rules and regulations of: (1) the public employees'...

5-10.5-7-6. References and Cross-References - Sec. 6. (a) Any reference or cross-reference to: (1) the...

5-10.5-7-7. Conflicts - Sec. 7. If any provision in this article conflicts with...