Indiana Code 5-10.3-11-3. Payments to units of local government; restriction
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Sec. 3. The pension relief fund may be used only for making payments to cities, counties, towns, and townships, referred to as “units of local government” in this chapter, having pension funds established under IC 18-1-12, IC 19-1-18, IC 19-1-24, IC 19-1-25-4, IC 19-1-30, IC 19-1-37, or IC 19-1-44 (all before their repeal), and paying reasonable administrative expenses approved by the state board. Payments received by the units may be used only for:
(2) withdrawals under section 6 of this chapter.
(1) pension payments from a pension fund listed in this section; or
Terms Used In Indiana Code 5-10.3-11-3
- Board: as used in this article means the board of trustees of the Indiana public retirement system established by Indiana Code 5-10.3-1-1
- Fund: as used in this article means the public employees' retirement fund. See Indiana Code 5-10.3-1-3
[Pre-Local Government Recodification Citation: 19-1-37.3-3.]
As added by Acts 1980, P.L.8, SEC.45. Amended by P.L.182-2009(ss), SEC.74; P.L.27-2019, SEC.5.