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10-12-1-6. "Net amount paid into the trust fund from the wages of an employee beneficiary"

IN Code § 10-12-1-6 (2019) (N/A)
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Sec. 6. "Net amount paid into the trust fund from the wages of an employee beneficiary" means:

(1) the amount of money paid into the trust fund from the wages of an employee beneficiary, plus interest at the rate of three percent (3%) or more compounded annually; less

(2) any sums, plus interest at the same rate, paid from the trust fund to:

(A) the employee beneficiary;

(B) any person claiming by, through, or under the employee beneficiary; or

(C) any government fund for the credit or benefit of the employee beneficiary.

[Pre-2003 Recodification Citation: 10-1-1.9-5.]

As added by P.L.2-2003, SEC.3.

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