Indiana Code 7.1-4-11-1. Enforcement officer’s retirement fund
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Terms Used In Indiana Code 7.1-4-11-1
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Month: means a calendar month, unless otherwise expressed. See Indiana Code 1-1-4-5
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
Sec. 1. The sums realized from the collection of the biennial license fees imposed by IC 7.1-4-4.1-3 shall be paid first, and are hereby appropriated, to the state excise police, gaming agent, gaming control officer, and conservation enforcement officers’ retirement plan established by IC 5-10-5.5-2 (referred to as “retirement plan” in this section). The board of trustees of the Indiana public retirement system shall determine the amount to be appropriated. The amount to be appropriated shall be sufficient, when added to the funds already held by the retirement plan, for the payment of benefits to enforcement officers to pay the aggregate liability of the retirement plan for the payment of benefits and administration costs to the end of the fiscal year. The appropriation of funds shall be credited to the retirement plan in equal installments at the end of each month during each fiscal year.
[Pre-1973 Recodification Citation: 7-2-1-12.]
Formerly: Acts 1973, P.L.55, SEC.1. As amended by P.L.204-2001, SEC.47; P.L.35-2012, SEC.93.