Terms Used In Indiana Code > Title 5 > Article 10.2 - Public Retirement and Disability Benefits

• active business operations: means all business operations that are not inactive business operations. See Indiana Code 5-10.2-9-1
• active business operations: means all business operations that are not inactive business operations. See Indiana Code 5-10.2-10-2
• Alternate valuation date: The earlier of the date six months after the decedent
• Amortization: Paying off a loan by regular installments.
• Attorney: includes a counselor or other person authorized to appear and represent a party in an action or special proceeding. See Indiana Code 1-1-4-5
• board: refers to the board of trustees of the Indiana public retirement system established by Indiana Code 5-10.2-9-2
• board: refers to the board of trustees of the Indiana public retirement system established by Indiana Code 5-10.2-10-3
• board: refers to the board of trustees of the Indiana public retirement system established by Indiana Code 5-10.2-11-2
• board: refers to the board of trustees of the Indiana public retirement system established by Indiana Code 5-10.2-13-2
• Board: as used in this article , means the board of trustees of the Indiana public retirement system established by Indiana Code 5-10.2-1-1
• business: means any of the following that exist for profit making purposes:

  Indiana Code 5-10.2-11-4

• business operations: means engaging in any commerce in any form in Sudan. See Indiana Code 5-10.2-9-3
• business operations: means engaging in any commerce in any form in a state that sponsors terror. See Indiana Code 5-10.2-10-4
• Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
• company: means any of the following:

  Indiana Code 5-10.2-9-4

• company: means any of the following:

  Indiana Code 5-10.2-10-5

• control: means the following:

  Indiana Code 5-10.2-13-3

• cost of divestment: means the sum of the following:

  Indiana Code 5-10.2-9-6

• cost of divestment: means the sum of the following:

  Indiana Code 5-10.2-10-6

• cost of divestment: means the sum of the following:

  Indiana Code 5-10.2-11-5

• divest: means a sale, redemption, replacement, or any other activity that terminates the investment. See Indiana Code 5-10.2-13-4
• Electronic funds transfer: The transfer of money between accounts by consumer electronic systems-such as automated teller machines (ATMs) and electronic payment of bills-rather than by check or cash. (Wire transfers, checks, drafts, and paper instruments do not fall into this category.) ^{Source: OCC}
• Employer: as used in this article means the state for employees of the state and a political subdivision or school corporation for its employees. See Indiana Code 5-10.2-1-3
• ESG commitment: means an action taken or a factor considered by a service provider:

  Indiana Code 5-10.2-14-2

• Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
• Fiduciary: A trustee, executor, or administrator.
• financial: means a prudent determination by a fiduciary to have a material effect on the monetary risk or the monetary return of an investment. See Indiana Code 5-10.2-14-3
• fund: refers to the following:

  Indiana Code 5-10.2-9-8

• fund: refers to the following:

  Indiana Code 5-10.2-10-8

• fund: refers to the following:

  Indiana Code 5-10.2-11-7

• fund: refers to any public pension and retirement funds of the system (as defined in Indiana Code 5-10.2-13-5
• Fund: as used in this article means the Indiana state teachers' retirement fund and the public employees' retirement fund. See Indiana Code 5-10.2-1-2
• government of Sudan: refers to the government in Khartoum, Sudan, that is led by the National Congress Party (formally known as the National Islamic Front) or any successor government formed on or after October 13, 2006, including the coalition National Unity Government agreed upon in the Comprehensive Peace Agreement for Sudan. See Indiana Code 5-10.2-9-9
• Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
• in writing: include printing, lithographing, or other mode of representing words and letters. See Indiana Code 1-1-4-5
• inactive business operations: means the mere continued holding or renewal of rights to property previously operated to generate revenues but not presently deployed for such purpose. See Indiana Code 5-10.2-9-10
• inactive business operations: means the mere continued holding or renewal of rights to property previously operated to generate revenues but not presently deployed for that purpose. See Indiana Code 5-10.2-10-9
• Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. ^{Source: FDIC}
• indirect holdings: means all securities of a company:

  Indiana Code 5-10.2-9-11

• indirect holdings: means all securities of a company that are:

  Indiana Code 5-10.2-10-10

• indirect holdings: means all securities of a business:

  Indiana Code 5-10.2-11-8

• Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. ^{Source: OCC}
• investment: refers to any investment that the board or system is authorized to make under Indiana Code 5-10.2-13-6
• Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
• marginalized populations of Sudan: includes the following:

  Indiana Code 5-10.2-9-12

• Member: as used in this article means a member of the Indiana state teachers' retirement fund or of the public employees' retirement fund. See Indiana Code 5-10.2-1-4
• military equipment: means weapons, arms, or military defense supplies provided directly or indirectly to any force actively participating in the conflict in Sudan. See Indiana Code 5-10.2-9-13
• military equipment: means weapons, arms, or military defense supplies provided directly or indirectly to any force of a state sponsor of terror. See Indiana Code 5-10.2-10-10.2
• mineral extraction activities: means the exploration, extraction, processing, transporting, or wholesale sale of elemental minerals or associated metals or oxides, including:

  Indiana Code 5-10.2-9-14

• mineral extraction activities: means the exploration, extraction, processing, transporting, or wholesale sale of elemental minerals or associated metals or oxides, including:

  Indiana Code 5-10.2-10-10.4

• miscellaneous participating entity: means an entity that participates in the public employees' retirement fund, except:

  Indiana Code 5-10.2-1-4.3

• Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
• Mortgage loan: A loan made by a lender to a borrower for the financing of real property. ^{Source: OCC}
• National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. ^{Source: OCC}
• Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
• oil related activities: includes :

  Indiana Code 5-10.2-9-15

• oil related activities: includes :

  Indiana Code 5-10.2-10-10.6

• Oversight: Committee review of the activities of a Federal agency or program.
• Participating political subdivision: as used in this article means a political subdivision which is participating in the public employees' retirement fund as specified in Indiana Code 5-10.2-1-5
• Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
• person: means an individual or entity. See Indiana Code 5-10.2-13-7
• plan: refers to a voluntary supplemental retirement plan established for a political subdivision under this chapter. See Indiana Code 5-10.2-8-1
• Population: has the meaning set forth in Ind. See Indiana Code 1-1-4-5
• power production activities: means any business operation that involves a project commissioned by the National Electricity Corporation of Sudan or other similar entity of the government of Sudan whose purpose is to facilitate power generation and delivery. See Indiana Code 5-10.2-9-16
• power production activities: means any business operation that involves a project commissioned by a state sponsor of terror whose purpose is to facilitate power generation and delivery. See Indiana Code 5-10.2-10-10.8
• Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
• Proxy voting: The practice of allowing a legislator to cast a vote in committee for an absent legislator.
• Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.
• Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
• research firm: means a reputable, neutral third party research firm not controlled by the fund (before July 1, 2011) or system. See Indiana Code 5-10.2-9-17
• research firm: means a reputable, neutral third party research firm not controlled by the system. See Indiana Code 5-10.2-11-9
• restricted business: means a business that engages in boycott, divest from, or sanction Israel activity. See Indiana Code 5-10.2-11-10
• restricted entity: refers to the following, including wholly owned subsidiaries, majority owned subsidiaries, parent companies, and affiliates that exist for profit-making purposes:

  Indiana Code 5-10.2-13-8

• restricted investment product: refers to an investment product that:

  Indiana Code 5-10.2-13-9

• Retirement fund law: as used in this article means the statutes governing:

  Indiana Code 5-10.2-1-6

• Revocable trust: A trust agreement that can be canceled, rescinded, revoked, or repealed by the grantor (person who establishes the trust).
• school corporation: has the meaning set forth in Indiana Code 5-10.2-1-6.5
• scrutinized business operations: means business operations that have caused a company to become a scrutinized company. See Indiana Code 5-10.2-10-12
• scrutinized company: means a company that meets any of the following criteria:

  Indiana Code 5-10.2-9-18

• scrutinized company: means a company that meets any of the following criteria:

  Indiana Code 5-10.2-10-13

• service provider: means investment managers and proxy advisors to the system. See Indiana Code 5-10.2-14-4
• Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
• social development company: means a company whose primary purpose in Sudan is to provide humanitarian goods or services, including:

  Indiana Code 5-10.2-9-19

• social development company: means a company that is:

  Indiana Code 5-10.2-10-14

• Social Security Act: as used in this article means the act of Congress approved August 14, 1935, chapter 531, 49 Stat. See Indiana Code 5-10.2-1-7
• state sponsor of terror: means a country determined by the Secretary of State of the United States to have repeatedly provided support for acts of international terrorism. See Indiana Code 5-10.2-10-15
• Statute: A law passed by a legislature.
• substantial action: means :

  Indiana Code 5-10.2-9-20

• system: refers to the Indiana public retirement system established by Indiana Code 5-10.2-9-20.5
• system: refers to the Indiana public retirement system established by Indiana Code 5-10.2-10-16.5
• system: refers to the Indiana public retirement system established by Indiana Code 5-10.2-11-11
• system: has the meaning set forth in Indiana Code 5-10.2-13-10
• system: refers to the Indiana public retirement system established by Indiana Code 5-10.2-14-5
• Trial: A hearing that takes place when the defendant pleads "not guilty" and witnesses are required to come to court to give evidence.
• United States: includes the District of Columbia and the commonwealths, possessions, states in free association with the United States, and the territories. See Indiana Code 1-1-4-5
• vested status: as used in this article means the status of having ten (10) years of creditable service. See Indiana Code 5-10.2-1-8