Indiana Code 2-3.5-5-10. Assignment of benefits
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Sec. 10. A participant or beneficiary may not assign any payment under this chapter except for:
(2) dues to an association that proves to the board’s satisfaction that the association has as members at least twenty percent (20%) of the retired participants in the legislators’ defined benefit plan.
(1) premiums on a life, hospitalization, surgical, or medical group insurance plan maintained in part by a state agency; and
Terms Used In Indiana Code 2-3.5-5-10
- 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
As added by P.L.6-1989, SEC.1.