Indiana Code 5-10.1-4-6. Effective date of modification
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Sec. 6. (a) The effective date of a modification of the agreement must be determined by resolution of the board of each of the following retirement systems:
(2) Any retirement system established by a state educational institution.
(1) The applicable pension system administered by the Indiana public retirement system.
Terms Used In Indiana Code 5-10.1-4-6
- Agreement: as used in this article means the federal-state agreement specified in chapter 2 of this article. See Indiana Code 5-10.1-1-10
For political subdivisions the governing body shall determine the effective date by resolution. The effective date may be made retroactive to the extent permitted by federal law.
(b) The effective date of a modification for employees of political subdivisions with retirement systems which are not covered by subsection (a) may be January 1, 1955, or any subsequent January 1.
As added by Acts 1977, P.L.53, SEC.1. Amended by P.L.2-2007, SEC.90; P.L.35-2012, SEC.28.