Indiana Code 5-10.4-7-3. Requirement to deduct member contribution from salary; report to member
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Sec. 3. (a) Unless the member’s contribution is made on behalf of the member or the member is a retired member who may not make contributions during a period of reemployment as provided under IC 5-10.2-4-8(e), the treasurer of a school corporation, the township trustee, or the appropriate officer of any other institution covered by the fund shall:
(2) issue to each member, on behalf of the board, a statement for each contribution deducted.
(1) deduct from each member’s salary the member’s contribution for the fund; and
Terms Used In Indiana Code 5-10.4-7-3
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Trustee: A person or institution holding and administering property in trust.
(b) The statement described in subsection (a)(2) is evidence that the member has credit from the fund for payment of the stated contribution.
[Pre-2006 Education Finance Recodification Citation: 21-6.1-7-3.]
As added by P.L.2-2006, SEC.28. Amended by P.L.72-2007, SEC.11; P.L.1-2009, SEC.20; P.L.195-2013, SEC.14.