Indiana Code 5-10-8.5-18. Account benefits; coverage
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Terms Used In Indiana Code 5-10-8.5-18
- participant: means an individual for whom a subaccount is established under section 14 of this chapter. See Indiana Code 5-10-8.5-8
- retired participant: means the following:
Indiana Code 5-10-8.5-9
- subaccount: means a participant's allocable share of the account. See Indiana Code 5-10-8.5-10
Sec. 18. The balance in a retired participant‘s subaccount may be used by the retired participant and the spouse and dependents of the retired participant to pay premiums for individual or group health coverage.
As added by P.L.44-2007, SEC.1. Amended by P.L.124-2008, SEC.1.