Sec. 13. (a) The INPRS may designate the board of trustees of the fund to manage the assets in the account in the same manner and with the same limitations that apply to the management of the assets in the fund.

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Terms Used In Indiana Code 5-10-8.5-13

  • account: refers to the retirement medical benefits account established by section 11 of this chapter. See Indiana Code 5-10-8.5-2
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • fund: refers to the public employees' retirement fund established under Indiana Code 5-10-8.5-6
  • participant: means an individual for whom a subaccount is established under section 14 of this chapter. See Indiana Code 5-10-8.5-8
  • subaccount: means a participant's allocable share of the account. See Indiana Code 5-10-8.5-10
     (b) The assets in the account may be commingled or pooled with other public funds for investment purposes.

     (c) The account and subaccount records of individual participants and participants’ information are confidential, except for the name and contributions made on behalf of the participant.

As added by P.L.44-2007, SEC.1. Amended by P.L.108-2019, SEC.90.

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