Indiana Code > Title 33 > Article 38 > Chapter 7 – 1977 Retirement, Disability, and Death System
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Terms Used In Indiana Code > Title 33 > Article 38 > Chapter 7 - 1977 Retirement, Disability, and Death System
- Americans with Disabilities Act: refers to the Americans with Disabilities Act (Indiana Code 33-38-7-2
- Amortization: Paying off a loan by regular installments.
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- board: refers to the board of trustees of the Indiana public retirement system established by Indiana Code 33-38-7-3
- Contract: A legal written agreement that becomes binding when signed.
- Decedent: A deceased person.
- Dependent: A person dependent for support upon another.
- Electronic funds transfer: The transfer of money between accounts by consumer electronic systems-such as automated teller machines (ATMs) and electronic payment of bills-rather than by check or cash. (Wire transfers, checks, drafts, and paper instruments do not fall into this category.) Source: OCC
- Executor: A male person named in a will to carry out the decedent
- fund: refers to the Indiana judges' retirement fund established by IC 33-38-6-12. See Indiana Code 33-38-7-5
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Month: means a calendar month, unless otherwise expressed. See Indiana Code 1-1-4-5
- participant: means a judge who participates in the fund. See Indiana Code 33-38-7-7
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
- salary: means the total salary paid to a participant by the state and by a county or counties, determined without regard to any salary reduction agreement established under Section 125 of the Internal Revenue Code. See Indiana Code 33-38-7-8
- services: means the period beginning on the first day a person first becomes a judge, whether the date is before, on, or after March 11, 1953, and ending on the date under consideration and includes all intervening employment as a judge. See Indiana Code 33-38-7-9
- Statute: A law passed by a legislature.
- Trustee: A person or institution holding and administering property in trust.
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5