35 Ind. Admin. Code 14-5-2

Current through October 16, 2024

Section 35 IAC 14-5-2 - Omitted contributions

Authority: IC 5-10.5-4-2

Affected: IC 5-10.2-3-2; IC 5-10.4-4-11; IC 5-10.4-7-3; IC 5-10.4-7-4

Sec. 2.

(a) In any case where the employing unit has failed to report and forward the requisite contributions, service credit will not be granted until the member and/or the employer remits the full amount due.

(b) If a member's annual compensation is retroactively increased through court judgment or order, settlement of a claim, or some other means, contributions shall be deducted at the time the member receives the money even though it is attributable to other years.

35 IAC 14-5-2

Board of Trustees of the Indiana Public Retirement System; 35 IAC 14-5-2; filed Oct 5, 1992, 5:00 p.m.: 16 IR 707; readopted filed Dec 3, 2001, 11:02 a.m.: 25 IR 1731; adopted Nov 19, 2008: 20081126-IR-550080887ONA

Transferred from the Board of Trustees of the Indiana State Teachers' Retirement Fund ( 550 IAC 2-5-2) to the Board of Trustees of the Indiana Public Retirement System ( 35 IAC 14-5-2) by P.L. 23-2011, SECTION 22, effective July 1, 2011.