Terms Used In Indiana Code > Title 5 > Article 10.2 > Chapter 14 - ESG Commitment

• Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• 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: 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
• Contract: A legal written agreement that becomes binding when signed.
• 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.
• 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: 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
• 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}
• Oversight: Committee review of the activities of a Federal agency or program.
• Proxy voting: The practice of allowing a legislator to cast a vote in committee for an absent legislator.
• service provider: means investment managers and proxy advisors to the system. See Indiana Code 5-10.2-14-4
• system: refers to the Indiana public retirement system established by Indiana Code 5-10.2-14-5
• Trustee: A person or institution holding and administering property in trust.
• 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