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10-12-3-5. Right to net amount paid into fund from wages

IN Code § 10-12-3-5 (2019) (N/A)
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Sec. 5. If an employee beneficiary ceases to be an eligible employee for any reason, including death, disability, unemployment, or retirement:

(1) the employee beneficiary;

(2) the employee beneficiary's beneficiary; or

(3) the employee beneficiary's estate;

is entitled to receive at least the net amount paid into the trust fund from the wages of the employee beneficiary, either in a lump sum or in monthly installments not less than the basic pension amount.

[Pre-2003 Recodification Citation: 10-1-2.2-5.]

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

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10-12-3-4. Deductions from wages
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10-12-3-6. Old age retirements; right to monthly income; minimum service for full amount