35 Ind. Admin. Code 14-1-6

Current through November 6, 2024

Section 35 IAC 14-1-6 - "De minimis account" or "de minimis amount" defined

Authority: IC 5-10.2-2-1; IC 5-10.5-4-2

Affected: IC 5-10.2-3; IC 5-10.4-4

Sec. 6.

"De minimis account" or "de minimis amount" means an inactive, retired, retired for disability, suspended, or deceased member's ASA account whereby no regular and continuing contributions are being received and the account has a balance of which the value is less than the actual cost of making a distribution of the balance to the member or the member's beneficiary.

35 IAC 14-1-6

Board of Trustees of the Indiana Public Retirement System; 35 IAC 14-1-6; adopted Apr 21, 2010: 20100505-IR-550100241ONA; errata filed Jun 2, 2010, 3:01 p.m.: 20100616-IR-550100241ACA

Transferred from the Board of Trustees of the Indiana State Teachers' Retirement Fund ( 550 IAC 2-1-2.6) to the Board of Trustees of the Indiana Public Retirement System ( 35 IAC 14-1-6) by P.L. 23-2011, SECTION 22, effective July 1, 2011.