Terms Used In Indiana Code 33-39-7-7

  • 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
  • salary: means the salary paid to a participant by the state, determined without regard to any salary reduction agreement established under Section 125 of the Internal Revenue Code. See Indiana Code 33-39-7-7
   Sec. 7. As used in this chapter, “salary” means the salary paid to a participant by the state, determined without regard to any salary reduction agreement established under Section 125 of the Internal Revenue Code. The term does not include an amount paid to a participant by a county or counties.

[Pre-2004 Recodification Citation: 33-14-9-6.]

As added by P.L.98-2004, SEC.18.