Indiana Code 5-10.3-8-10. Assignment of benefits
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Sec. 10. Assignment of Benefits. A member or a beneficiary may not assign any payment except for:
(A) a state agency; or
(1) premiums on a life, hospitalization, surgical, or medical group insurance plan maintained in whole or in part by:
Terms Used In Indiana Code 5-10.3-8-10
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Board: as used in this article means the board of trustees of the Indiana public retirement system established by Indiana Code 5-10.3-1-1
- Fund: as used in this article means the public employees' retirement fund. See Indiana Code 5-10.3-1-3
- Member: as used in this article means persons qualifying for membership under Indiana Code 5-10.3-1-5
(B) any association that proves to the board‘s satisfaction that the association has as members at least twenty percent (20%) of the number of the retired members of the fund; and
(2) dues to any association which proves to the board’s satisfaction that the association has as members at least twenty percent (20%) of the number of the retired members of the fund.
As added by Acts 1977, P.L.53, SEC.3. Amended by Acts 1980, P.L.28, SEC.9; P.L.12-2008, SEC.2.