Indiana Code > Title 5 > Article 10.2 > Chapter 5 – Restricted Benefits
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Terms Used In Indiana Code > Title 5 > Article 10.2 > Chapter 5 - Restricted 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.
- 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
- Board: as used in this article , means the board of trustees of the Indiana public retirement system established by Indiana Code 5-10.2-1-1
- Employer: as used in this article means the state for employees of the state and a political subdivision or school corporation for its employees. See Indiana Code 5-10.2-1-3
- Fund: as used in this article means the Indiana state teachers' retirement fund and the public employees' retirement fund. See Indiana Code 5-10.2-1-2
- Member: as used in this article means a member of the Indiana state teachers' retirement fund or of the public employees' retirement fund. See Indiana Code 5-10.2-1-4
- Month: means a calendar month, unless otherwise expressed. See Indiana Code 1-1-4-5
- Retirement fund law: as used in this article means the statutes governing:
Indiana Code 5-10.2-1-6
- Social Security Act: as used in this article means the act of Congress approved August 14, 1935, chapter 531, 49 Stat. See Indiana Code 5-10.2-1-7
- United States: includes the District of Columbia and the commonwealths, possessions, states in free association with the United States, and the territories. See Indiana Code 1-1-4-5