Indiana Code 5-10.4-5-15. Termination of benefits; grounds; limitations
(1) Fails to report for a required examination, unless excused by the board.
Terms Used In Indiana Code 5-10.4-5-15
- 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
(3) Refuses to repay an overpayment of benefits.
(b) The board may stop a survivor’s or beneficiary‘s benefit if the survivor or beneficiary refuses to repay an overpayment of benefits while receiving the benefit or overpayment of benefits made to the member.
(c) The board also may stop a member’s, survivor’s, or beneficiary’s benefit if the board has reasonable cause to believe that:
(1) the member, survivor, or beneficiary has died; or
(2) in the case of a member receiving disability benefits under IC 5-10.2-4-6 or classroom disability benefits under section 1 of this chapter, the member no longer has a disability.
(d) Except as provided in subsection (e), if an overpayment under this section occurs, the board may not require a member, survivor, or beneficiary to pay more than twenty-five percent (25%) of their monthly benefit toward the overpayment.
(e) If the overpayment described in subsection (a):
(1) began before July 1, 2015; and
(2) was caused by no fault of the member, survivor, or beneficiary;
the board may only require a member, survivor, or beneficiary to pay the amount of the overpayment of benefits received during the six (6) years before the date that the Indiana public retirement system discovers the overpayment and attempts to notify the member, survivor, or beneficiary of the overpayment. If an overpayment subject to this subsection occurs, the board may not require a member, survivor, or beneficiary to pay more than ten percent (10%) of their monthly benefit toward the overpayment. The board may not use any method to collect an overpayment of benefits under this subsection other than those specified in this section.
[Pre-2006 Education Finance Recodification Citation: 21-6.1-5-18.]
As added by P.L.2-2006, SEC.28. Amended by P.L.99-2007, SEC.18; P.L.92-2021, SEC.11.