35 Ind. Admin. Code 4-2-3

Current through January 8, 2025

Section 35 IAC 4-2-3 - Calculation of creditable service

Authority: IC 5-10-5.5-3; IC 5-10.5-4-2

Affected: IC 5-10-5.5-7; IC 5-10-5.5-10

Sec. 3.

(a) Total service credit is the sum of all creditable service including partial years.

(b) Notwithstanding (a) [subsection (a)], a member's benefit is calculated on whole and not partial years.

35 IAC 4-2-3

Board of Trustees of the Indiana Public Retirement System; 35 IAC 4-2-3; adopted Apr 29, 2011: 20110511-IR-035110273ONA