Indiana Code 36-8-8-17.2. Voluntary benefit deductions
(b) An authorization for a deduction from a disability, retirement, or survivor monthly benefit paid under this chapter is valid only if all the following requirements are met:
Terms Used In Indiana Code 36-8-8-17.2
- employer: means :
Indiana Code 36-8-8-2
- in writing: include printing, lithographing, or other mode of representing words and letters. See Indiana Code 1-1-4-5
- system board: refers to the board of trustees of the Indiana public retirement system established by Indiana Code 36-8-8-2.3
(A) in writing;
(B) signed personally by the person receiving the benefit;
(C) revocable at any time by the person receiving the benefit upon written notice to the system board; and
(D) agreed to in writing by the system board.
(2) An executed copy of the authorization is delivered to the system board within ten (10) days after its execution.
(3) The deduction is made for a purpose described in subsection (c).
(c) A deduction under this section may be made for the purpose of paying any of the following:
(1) A premium on a policy of insurance for medical, surgical, hospitalization, dental, vision, long term care, or Medicare supplement coverage offered to retired fund members by the fund member’s former employer, the state, or the system board.
(2) Dues payable by the person receiving the benefit to a labor organization of which the person is a member.
As added by P.L.183-2003, SEC.3. Amended by P.L.35-2012, SEC.135; P.L.179-2018, SEC.13.