Indiana Code 5-10.4-8-6. Election to become a member of plan
Current as of: 2023 | Check for updates
|
Other versions
Sec. 6. (a) An individual who, on or after the effective date of the plan, 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 may elect to become a member of the plan.
(1) must be made in writing;
(b) An election under this section:
Terms Used In Indiana Code 5-10.4-8-6
- 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.
- in writing: include printing, lithographing, or other mode of representing words and letters. See Indiana Code 1-1-4-5
(2) must be filed with the board, on a form prescribed by the board; and
(3) is irrevocable.
(c) An individual who does not elect to become a member of the plan becomes a member (as defined in IC 5-10.4-1-9) of the fund.
As added by P.L.217-2017, SEC.58.