Indiana Code 5-10.2-8-4. Supplemental nature of plan; reduction in other retirement or pension benefits prohibited
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Terms Used In Indiana Code 5-10.2-8-4
- plan: refers to a voluntary supplemental retirement plan established for a political subdivision under this chapter. See Indiana Code 5-10.2-8-1
Sec. 4. A plan established under this chapter exists and serves in addition to other retirement, pension, and benefit systems established by a political subdivision and may not result in a reduction of any retirement, pension, or other benefit provided by applicable law. Any compensation deferred under the plan shall continue to be included as regular compensation for the purpose of computing the retirement and pension benefits earned by an employee.
As added by P.L.5-1997, SEC.3.