§ 10-12-2-0.2 P.L.146-1987 intended to be codification and restatement of law; no effect on substantive operation of prior law
§ 10-12-2-1 Retention of service weapon; badge; identification card
§ 10-12-2-2 Pension trust; commingling funds; investment of funds; report; termination
§ 10-12-2-3 Qualification of trust under Internal Revenue Code; benefit limitations
§ 10-12-2-4 Mortality reserve account
§ 10-12-2-5 Disability reserve account; additional department authority; disability pension payments
§ 10-12-2-6 Dependent’s pension reserve account
§ 10-12-2-7 Police benefit fund; duties of trustee; appropriations
§ 10-12-2-8 Actuarial soundness of pension trust; inspection of books and accounts
§ 10-12-2-9 Transfer of funds to police benefit fund; rewards and fees
§ 10-12-2-10 Encumbering shares of benefits before payment; reimbursement of employers; withholding payments while charges of criminal taking from employer pending
§ 10-12-2-11 Educational costs exemption
§ 10-12-2-12 Report on stress test or risk assessment
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Terms Used In Indiana Code > Title 10 > Article 12 > Chapter 2 - Pension, Death, Disability, Survivor, and Other Benefits

  • 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.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Conviction: A judgement of guilt against a criminal defendant.
  • Dependent: A person dependent for support upon another.
  • Fiduciary: A trustee, executor, or administrator.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Garnishment: Generally, garnishment is a court proceeding in which a creditor asks a court to order a third party who owes money to the debtor or otherwise holds assets belonging to the debtor to turn over to the creditor any of the debtor
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Month: means a calendar month, unless otherwise expressed. See Indiana Code 1-1-4-5
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Oversight: Committee review of the activities of a Federal agency or program.
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
  • Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
  • Trustee: A person or institution holding and administering property in trust.
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5