Sec. 3. (a) “Employer” as used in this article means the state for employees of the state and a political subdivision or school
corporation for its employees.
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Terms Used In Indiana Code 5-10.2-1-3
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Employer: as used in this article means the state for employees of the state and a political subdivision or school corporation for its employees. See Indiana Code 5-10.2-1-3
- Fund: as used in this article means the Indiana state teachers' retirement fund and the public employees' retirement fund. See Indiana Code 5-10.2-1-2
(b) With regard to employer contributions, “employer” includes the state for members of the Indiana state teachers’ retirement fund with respect to the pre-1996 account.
As added by Acts 1977, P.L.53, SEC.2. Amended by P.L.54-1993, SEC.1.