Section 35 IAC 2-1-2 - Prior service credit; prerequisitesAuthority: IC 5-10.5-4-2; IC 36-8-8-5
Affected: IC 36-8-8-7; IC 36-8-8-8
Sec. 2.
Prior service credit shall be given to any member of the 1977 Police and Firefighters' Pension and Disability Fund (1977 Fund) providing the following conditions are met:
(1) As used in this section, "prior service" means any services or duties performed as a member of the 1977 Fund after April 30, 1977.(2) The police officer or firefighter was a member of the 1977 Fund and had contributions withheld for membership.(3) The city, town, or township to which the police officer or firefighter is transferred or has been hired by is a member of the 1977 Fund.(4) The member repays, either in a lump sum or a series of payments determined by the 1977 Fund, the amount of contributions plus interest which was refunded to him.(5) For the purpose of computing benefits, prior service shall be included only once.Board of Trustees of the Indiana Public Retirement System; 35 IAC 2-1-2; filed May 9, 1979; 11:31 a.m.: 2 IR 681; filed Sep 8, 1982, 2:05 p.m.: 5 IR 2110; filed May 7, 1998, 4:15 p.m.: 21 IR 3327; readopted filed Oct 31, 2001, 2:21 p.m.: 25 IR 898; adopted Nov 9, 2007: 20071205-IR-035070818ONA