Sec. 1. (a) The Indiana state teachers’ retirement fund is established to be used to pay benefits to teachers and to supervisors of teachers in the public schools after specified years of service and under other specified circumstances.

     (b) The board is responsible for the control and management of the fund.

[Pre-2006 Education Finance Recodification Citation: 21-6.1-2-1.]

As added by P.L.2-2006, SEC.28.