Indiana Code 5-10.4-8-1. Application to employees
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Sec. 1. (a) Except as provided in subsection (b), this chapter applies after the effective date of the plan to an individual who:
(2) makes an election described in section 6 of this chapter to become a member of the plan.
(1) begins employment with a school corporation in a covered position that would otherwise be eligible for membership in the fund under IC 5-10.4-4; and
Terms Used In Indiana Code 5-10.4-8-1
- 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.
(b) This chapter does not apply to the following:
(1) An individual who, before the effective date of the plan, is or was a member (as defined in IC 5-10.4-1-9) of the fund.
(2) An individual who, on or after the effective date of the plan:
(A) begins employment with a school corporation that participates in the plan in a covered position that would otherwise be eligible for membership in the fund under IC 5-10.4-4; and
(B) does not make the election described in section 6 of this chapter to become a member of the plan.
As added by P.L.217-2017, SEC.58.