Indiana Code 5-10.3-12-22. Alternative investment programs; stable value fund program; requirements and rules; administrative fees
(1) a stable value fund as the regular investment program for the plan; and
Terms Used In Indiana Code 5-10.3-12-22
- account: means the plan account established for a member under section 21(b) of this chapter. See Indiana Code 5-10.3-12-2
- board: has the meaning set forth in Indiana Code 5-10.3-12-4
- fund: has the meaning set forth in Indiana Code 5-10.3-12-10
- member: means an individual who has elected or is required to participate in the plan. See Indiana Code 5-10.3-12-12
- plan: refers to the public employees' defined contribution plan established by section 18 of this chapter. See Indiana Code 5-10.3-12-15
(b) The board may adopt requirements and rules that apply to the alternative investment programs within the plan, including the following:
(1) The board’s investment guidelines and limits for the alternative investment programs.
(2) A member‘s selection of and changes to the member’s investment options.
(3) The valuation of a member’s account.
(4) The allocation and payment of administrative expenses for the alternative investment programs.
(c) The board shall determine the appropriate administrative fees to be charged to the member accounts.
As added by P.L.22-2011, SEC.2. Amended by P.L.6-2012, SEC.31; P.L.193-2016, SEC.16; P.L.86-2018, SEC.17; P.L.27-2019, SEC.8.