Indiana Code 33-38-8-11. Contributions
(b) Participants’ contributions, other than participants’ contributions paid by the employer, shall be deducted from the monthly salary of each participant by the auditor of state and by the county auditor and credited to the fund as provided in IC 33-38-6-21 and IC 33-38-6-22. After December 31, 2011, the auditor of state and the county auditor shall submit the contributions paid by or on behalf of a participant under subsection (a) by electronic funds transfer in accordance with IC 33-38-6-21.5. However, a contribution is not required:
Terms Used In Indiana Code 33-38-8-11
- Electronic funds transfer: The transfer of money between accounts by consumer electronic systems-such as automated teller machines (ATMs) and electronic payment of bills-rather than by check or cash. (Wire transfers, checks, drafts, and paper instruments do not fall into this category.) Source: OCC
- employer: means the state of Indiana. See Indiana Code 33-38-8-4
- fund: refers to the Indiana judges' retirement fund established by IC 33-38-6-12. See Indiana Code 33-38-8-5
- participant: means a judge who participates in the fund. See Indiana Code 33-38-8-7
- salary: means the total salary paid to a participant by the state and by a county or counties, determined without regard to any salary reduction agreement established under Section 125 of the Internal Revenue Code. See Indiana Code 33-38-8-8
- services: means the period beginning on the first day a person first becomes a judge or, after December 31, 2010, a judge or full-time magistrate, and ending on the date under consideration and includes all intervening employment as a judge or, after December 31, 2010, a judge or full-time magistrate. See Indiana Code 33-38-8-9
(2) during any period that the participant is not serving as judge or, after December 31, 2010, as a judge or full-time magistrate.
[Pre-2004 Recodification Citation: 33-13-10.1-4.]
As added by P.L.98-2004, SEC.17. Amended by P.L.122-2008, SEC.15; P.L.13-2011, SEC.10.