Indiana Code 36-8-8-4. Fund established; managed by system board
(b) The system board shall administer the 1977 fund, which may be commingled for investment purposes with other funds administered by the Indiana public retirement system. All actuarial data shall be computed on the total membership of the fund, and the cost of participation is the same for all employers in the fund. The fund member and employer contributions shall be recorded separately for each employer.
[Pre-Local Government Recodification Citations: subsection (a) formerly 19-1-17.8-1 part; 19-1-17.8-2(a); 19-1-36.5-1 part; 19-1-36.5-2(a); subsection (b) formerly 19-1-17.8-2(b); 19-1-36.5-2(b).]
As added by Acts 1981, P.L.309, SEC.59. Amended by P.L.201-1984, SEC.1; P.L.342-1985, SEC.5; P.L.119-2000, SEC.8; P.L.23-2011, SEC.27; P.L.35-2012, SEC.116.
Terms Used In Indiana Code 36-8-8-4
- employer: means :
Indiana Code 36-8-8-2
- system board: refers to the board of trustees of the Indiana public retirement system established by Indiana Code 36-8-8-2.3