Ind. Code § 10-12-3-5

Current through P.L. 171-2024

Section 10-12-3-5 - Right to net amount paid into fund from wages

If an employee beneficiary ceases to be an eligible employee for any reason, including death, disability, unemployment, or retirement:

(1) the employee beneficiary;

(2) the employee beneficiary's beneficiary; or

(3) the employee beneficiary's estate;

is entitled to receive at least the net amount paid into the trust fund from the wages of the employee beneficiary, either in a lump sum or in monthly installments not less than the basic pension amount.

IC 10-12-3-5

Pre-2003 Recodification Citation: 10-1-2.2-5.

As added by P.L. 2-2003, SEC.3.