35 Ind. Admin. Code 14-3-1

Current through November 6, 2024

Section 35 IAC 14-3-1 - Suspension of membership; withdrawal of contributions

Authority: IC 5-10.5-4-2

Affected: IC 5-10.2-3-5; IC 5-10.2-3-6; IC 5-10.4-4-13

Sec. 1.

No withdrawal of the member's contributions shall be made when the member is currently under a contract to serve in a covered position, while in active service, or on an approved leave of absence from such a position. A withdrawal may proceed only after the member's employing unit has verified that the member is no longer employed and advised the fund of the termination date. Employer verification is not required whenever more than one (1) year lapses from the date of the member's separation from employment and contributions to the fund cease. An application for voluntary withdrawal of contributions submitted by the member is an affirmation by the member that the member has separated from employment.

35 IAC 14-3-1

Board of Trustees of the Indiana Public Retirement System; 35 IAC 14-3-1; filed Oct 5, 1992, 5:00 p.m.: 16 IR 706; readopted filed Dec 3, 2001, 11:02 a.m.: 25 IR 1731; adopted Mar 27, 2007: 20070404-IR-550070200ONA; adopted Dec 17, 2010: 20101229-IR-550100778ONA

Transferred from the Board of Trustees of the Indiana State Teachers' Retirement Fund ( 550 IAC 2-3-1) to the Board of Trustees of the Indiana Public Retirement System ( 35 IAC 14-3-1) by P.L. 23-2011, SECTION 22, effective July 1, 2011.