Indiana Code 30-2-16-1. “Participant”
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Terms Used In Indiana Code 30-2-16-1
- payroll savings plan: means a method provided by an employer to the employer's employees for the voluntary purchase of United States savings bonds on a regular schedule through the designation of an amount to be deducted each pay period until a sufficient amount accumulates to pay the purchase price of at least one (1) United States savings bond. See Indiana Code 30-2-16-2
Sec. 1. As used in this chapter, “participant” means an individual who has accumulated a balance of funds with a payroll savings plan administrator through a payroll savings plan.
As added by P.L.141-2005, SEC.27.