Indiana Code 34-6-2-131. “Retirement plan”
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Sec. 131. “Retirement plan”, for purposes of IC 34-55-10, includes:
(2) a government or church retirement plan or contract; or
(1) a stock bonus, a pension, a profit sharing, an annuity, or a similar plan or arrangement, including a retirement plan for self-employed individuals or a simplified employee pension plan;
Terms Used In Indiana Code 34-6-2-131
- 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.
- Contract: A legal written agreement that becomes binding when signed.
(3) an individual retirement annuity or individual retirement account;
that is intended in good faith to qualify as a retirement plan under applicable provisions of the Internal Revenue Code of 1986, as amended.
[Pre-1998 Recodification Citation: 34-2-28-1(e).]
As added by P.L.1-1998, SEC.1.