35 Ind. Admin. Code 14-7-2

Current through November 6, 2024

Section 35 IAC 14-7-2 - Retirement effective date

Authority: IC 5-10.5-4-2

Affected: IC 5-10.2-4-1; IC 5-10.2-4-8; IC 5-10.4-5-8

Sec. 2.

(a) A member's retirement shall become effective on the latest of the first day of:

(1) the month following the last day of compensated service;

(2) the month following the date that age, service credit, or disability requirements are met; or

(3) any future month requested by the member in writing.

(b) For the purpose of IC 5-10.2-4-8, the separation requirement counting period begins with the member's retirement benefit accrual date.

(c) For the purpose of IC 5-10.2-4-8, the separation requirement period is measured between the date of reemployment and the member's benefit accrual date.

35 IAC 14-7-2

Board of Trustees of the Indiana Public Retirement System; 35 IAC 14-7-2; filed Oct 5, 1992, 5:00 p.m.: 16 IR 711; readopted filed Dec 3, 2001, 11:02 a.m.: 25 IR 1731; adopted Mar 27, 2007: 20070404-IR-550070200ONA; adopted Nov 19, 2008: 20081126-IR-550080887ONA

Transferred from the Board of Trustees of the Indiana State Teachers' Retirement Fund ( 550 IAC 2-7-2) to the Board of Trustees of the Indiana Public Retirement System ( 35 IAC 14-7-2) by P.L. 23-2011, SECTION 22, effective July 1, 2011.