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10-12-4-6. Right to net amount paid into fund from wages

IN Code § 10-12-4-6 (2019) (N/A)
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Sec. 6. If an employee beneficiary ends employment for any reason before qualifying for a benefit under this chapter, the trustee shall pay to:

(1) the employee beneficiary;

(2) the employee beneficiary's beneficiary; or

(3) the employee beneficiary's estate;

the net amount paid into the trust fund from the employee beneficiary's wages. This amount may be paid in a lump sum or in monthly installments not less than the basic pension amount.

[Pre-2003 Recodification Citation: 10-1-2.3-6.]

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

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10-12-4-7. Basic monthly pension amount; additional benefits