Indiana Code 33-39-7-26. Assignment of benefits
Current as of: 2023 | Check for updates
|
Other versions
Sec. 26. A participant, beneficiary, or survivor may not assign any payment under this chapter except for the following:
(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 plan.
(1) Premiums on a life, hospitalization, surgical, or medical group insurance plan maintained in part by a state agency.
Terms Used In Indiana Code 33-39-7-26
- 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
- board: refers to the board of trustees of the Indiana public retirement system established by Indiana Code 33-39-7-3
- participant: means a person serving in a position described in section 8 of this chapter who is participating in the fund. See Indiana Code 33-39-7-6
As added by P.L.27-2019, SEC.28.