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5-10.3-7-7.9. Service credits; eligibility; computation

IN Code § 5-10.3-7-7.9 (2019) (N/A)
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Sec. 7.9. (a) This section applies to a person who is or was an employee of the office of a township executive in a county having a consolidated city.

(b) Except as provided in subsection (d), for the purposes of computing benefits and determining eligibility, a member who:

(1) has at least one (1) year of service in a position covered by the fund;

(2) became a member of the fund after December 31, 1987;

(3) was at least sixty (60) years of age when the member joined the fund; and

(4) was an employee of the state or a political subdivision participating in the fund, or both, before January 1, 1988;

is entitled to service credit as provided in subsection (c).

(c) A member who is qualified under subsection (b) is entitled to service credit for the time the member:

(1) was an employee of the state or a political subdivision participating in the fund, or both;

(2) was employed in a position covered by the fund; and

(3) was not a member of the fund.

(d) To receive service credit under this section, a member must pay into the fund the amount the member would have contributed if the member had been a member of the fund for the period described in subsection (c).

As added by P.L.1-1990, SEC.61.

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