Section 5-10.5-6-5 - Administrative expenses; proration(a) Each public pension and retirement fund of the system shall pay the expenses of administration attributable to that public pension or retirement fund.(b) The board shall: (1) prorate the expenses of administration of the system that cannot be attributed to a particular public pension or retirement fund and the bond of the director among; and(2) pay the prorated expenses from; the public pension and retirement funds of the system.
Added by P.L. 23-2011, SEC. 22, eff. 7/1/2011.