Indiana Code 10-12-1-8. “Pension trust”
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Terms Used In Indiana Code 10-12-1-8
- Trustee: A person or institution holding and administering property in trust.
Sec. 8. “Pension trust” means the agreement between the department and the trustee under the terms of which an actuarially sound retirement pension plan is established and operated for the exclusive benefit of the employee beneficiaries subject to the limitations specified in IC 10-12-2, IC 10-12-3, and IC 10-12-4.
[Pre-2003 Recodification Citation: 10-1-1.9-8.]
As added by P.L.2-2003, SEC.3.