Section 10-12-1-6 - "Net amount paid into the trust fund from the wages of an employee beneficiary" "Net amount paid into the trust fund from the wages of an employee beneficiary" means:
(1) the amount of money paid into the trust fund from the wages of an employee beneficiary, plus interest at the rate of three percent (3%) or more compounded annually; less(2) any sums, plus interest at the same rate, paid from the trust fund to: (A) the employee beneficiary;(B) any person claiming by, through, or under the employee beneficiary; or(C) any government fund for the credit or benefit of the employee beneficiary.Pre-2003 Recodification Citation: 10-1-1.9-5.
As added by P.L. 2-2003, SEC.3.