5-10.4-8-17. Resuming membership; second election not allowed

IN Code § 5-10.4-8-17 (2019) (N/A)
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Sec. 17. (a) If a member of the plan separates from employment with the member's employer and later returns to employment in a position covered by the plan:

(1) the individual resumes membership in the plan; and

(2) the member is entitled to receive credit for the member's years of participation in the plan before the member's separation.

(b) An individual who elected under section 6 of this chapter to become a member of the plan resumes membership in the plan upon the individual's return to employment covered by the plan.

(c) An individual who did not elect to become a member of the plan resumes membership in the fund.

(d) An individual who returns to employment in a position covered by the plan having had an opportunity to make an election under section 6 of this chapter during an earlier period of employment is not entitled to a second opportunity to make an election under section 6 of this chapter.

As added by P.L.217-2017, SEC.58.