Indiana Code 5-10.1-6-1. Employer contributions for state employees
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Sec. 1. (a) The state shall pay the employer contributions for state employees.
(c) If state employees receive compensation from federal funds, contributions shall be made from the federal funds equal to the matching contribution which would be due on the compensation.
(b) After December 31, 2018, a school corporation may only pay the employer contributions, without an appropriation, from the school corporation’s education fund.
Terms Used In Indiana Code 5-10.1-6-1
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- matching contribution: as used in this article , means the tax imposed by section 3111 of the Internal Revenue Code. See Indiana Code 5-10.1-1-3
As added by Acts 1977, P.L.53, SEC.1. Amended by P.L.57-1987, SEC.1; P.L.240-1991(ss2), SEC.45; P.L.244-2017, SEC.4.