Indiana Code 10-12-1-6. “Net amount paid into the trust fund from the wages of an employee beneficiary”
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Sec. 6. “Net amount paid into the trust fund from the wages of an employee beneficiary” means:
(2) any sums, plus interest at the same rate, paid from the trust fund to:
(1) the amount of money paid into the trust fund from the wages of an employee beneficiary, plus interest at the rate of three percent (3%) or more compounded annually; less
Terms Used In Indiana Code 10-12-1-6
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
(A) the employee beneficiary;
(B) any person claiming by, through, or under the employee beneficiary; or
(C) any government fund for the credit or benefit of the employee beneficiary.
[Pre-2003 Recodification Citation: 10-1-1.9-5.]
As added by P.L.2-2003, SEC.3.