Indiana Code 5-10-5.5-18. Termination of service before accumulating 15 years of creditable service
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Terms Used In Indiana Code 5-10-5.5-18
- Board: refers to the board of trustees of the Indiana public retirement system established by Indiana Code 5-10-5.5-1
- Interest: means the rate of interest specified by rule by the board of trustees of the Indiana public retirement system established by Indiana Code 5-10-5.5-1
- Officer: means any Indiana state excise police officer, any Indiana state conservation enforcement officer, any gaming agent, or any gaming control officer. See Indiana Code 5-10-5.5-1
- Participant: means any officer who has elected to participate in the retirement plan created by this chapter. See Indiana Code 5-10-5.5-1
Sec. 18. Any participant who terminates his service as an officer before accumulating fifteen (15) years of creditable service may, in the manner and under the conditions provided in the public employees’ retirement law, again become a member of the public employees’ retirement fund. Upon payment of contributions and interest required by the board, the withdrawing participant shall be entitled to transfer creditable service standing to his credit under this chapter to his credit under the public employees’ retirement law.
Formerly: Acts 1972, P.L.1, SEC.1.