Indiana Code 5-10.4-4-2. Creditable service
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Sec. 2. (a) Creditable service is determined under IC 5-10.2-3-1 and this chapter.
(1) one hundred twenty (120) days in a year; or
(b) A member, whether or not the member is employed under a contract, must serve at least:
Terms Used In Indiana Code 5-10.4-4-2
- Contract: A legal written agreement that becomes binding when signed.
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
(2) sixty (60) days in each of two (2) years;
to receive one (1) year of service credit in the fund.
(c) Except as otherwise specified, a member may not be granted more than one (1) year of credit for service in a calendar year or fiscal year.
[Pre-2006 Education Finance Recodification Citation: 21-6.1-4-2.]
As added by P.L.2-2006, SEC.28.