Indiana Code 5-10-8.5-9. “Retired participant”
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Sec. 9. (a) As used in this chapter, “retired participant” means the following:
(2) A participant who has completed at least ten (10) years of service as an elected or appointed officer on the participant’s last day of service as an elected or appointed officer. For purposes of determining whether a participant has completed at least ten (10) years of service on the participant’s last day of service for purposes of this subdivision, any partial year of service completed by the participant in the year in which the participant is appointed to fill a vacant elected office shall be considered to be one (1) complete year of service.
(1) A participant who is eligible for a normal, unreduced or disability retirement benefit (as determined by the Indiana public employee retirement fund of which the participant is a member) on the participant’s last day of service.
Terms Used In Indiana Code 5-10-8.5-9
- employer: means the following:
Indiana Code 5-10-8.5-5
- fund: refers to the public employees' retirement fund established under Indiana Code 5-10-8.5-6
- participant: means an individual for whom a subaccount is established under section 14 of this chapter. See Indiana Code 5-10-8.5-8
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
(3) A participant in PERF MyChoice who is at least normal retirement age on the participant’s last day of service.
(b) For a participant described in subsection (a)(2) who has service with more than one (1) employer, the participant’s years of service is the sum of all of the participant’s years of service.
As added by P.L.44-2007, SEC.1. Amended by P.L.205-2013, SEC.75; P.L.92-2021, SEC.5.