§ 5-10.3-12-1 Applicability of chapter
§ 5-10.3-12-2 “Account”
§ 5-10.3-12-3 “Annuity savings account”
§ 5-10.3-12-4 “Board”
§ 5-10.3-12-5 “Compensation”
§ 5-10.3-12-6 “Dies in the line of duty”
§ 5-10.3-12-7 “Effective date”
§ 5-10.3-12-7.5 “Employees of the state”
§ 5-10.3-12-8 “Employer”
§ 5-10.3-12-9 “Employer contribution subaccount”
§ 5-10.3-12-10 “Fund”
§ 5-10.3-12-11 “Internal Revenue Code”
§ 5-10.3-12-12 “Member”
§ 5-10.3-12-13 “Member contribution subaccount”
§ 5-10.3-12-14 “Normal retirement age”
§ 5-10.3-12-14.5 “Participating political subdivision”
§ 5-10.3-12-15 “Plan”
§ 5-10.3-12-15.5 “Volunteer fire department”
§ 5-10.3-12-16 “Years of participation”
§ 5-10.3-12-17 Applicability of other laws
§ 5-10.3-12-18 Establishment and administration of plan; Internal Revenue Service approval
§ 5-10.3-12-19 Authorization to request Internal Revenue Service rulings or determination letters
§ 5-10.3-12-20 Plan membership; election; fund membership
§ 5-10.3-12-20.3 Election during July 2016, by first time state employee who is fund member
§ 5-10.3-12-20.5 Election by employee of political subdivision to become plan member; failure to make election
§ 5-10.3-12-21 Plan; member accounts; rollover accounts
§ 5-10.3-12-22 Alternative investment programs; stable value fund program; requirements and rules; administrative fees
§ 5-10.3-12-23 Member required contributions; additional contributions; crediting; employer pick-up and payment
§ 5-10.3-12-24 State employer contribution; contribution rate determination; minimum rate; amounts credited; electronic submission of contributions
§ 5-10.3-12-24.5 Political subdivision employer contribution; contribution rate determination; amounts credited; electronic submission of contributions
§ 5-10.3-12-24.7 Political subdivision contributions; members of a volunteer fire department
§ 5-10.3-12-25 Member contributions belong to member; vesting schedule for employer contributions; forfeiture of amounts not vested
§ 5-10.3-12-26 Member accounts; withdrawals; forms of payment
§ 5-10.3-12-27 Member accounts; beneficiary or survivor withdrawals; forms of payment
§ 5-10.3-12-28 Plan exempt from legal process; assignment of payments
§ 5-10.3-12-29 Rollover contributions; rollover accounts
§ 5-10.3-12-30 Member accounts; disability withdrawals; forms of payment
§ 5-10.3-12-31 Effect of reemployment on plan participation
§ 5-10.3-12-32 Election by state or participating political subdivision to allow plan participation by retired reemployed fund members
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Terms Used In Indiana Code > Title 5 > Article 10.3 > Chapter 12 - Public Employees' Defined Contribution Plan

  • account: means the plan account established for a member under section 21(b) of this chapter. See Indiana Code 5-10.3-12-2
  • 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.
  • annuity savings account: means the annuity savings account maintained under Indiana Code 5-10.3-12-3
  • 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
  • board: has the meaning set forth in Indiana Code 5-10.3-12-4
  • compensation: has the meaning set forth in Indiana Code 5-10.3-12-5
  • Contract: A legal written agreement that becomes binding when signed.
  • Dependent: A person dependent for support upon another.
  • dies in the line of duty: has the meaning set forth in IC 5-10-11-2. See Indiana Code 5-10.3-12-6
  • director: refers to the director of the Indiana public retirement system established by Indiana Code 5-10.3-1-2.5
  • effective date: means the first day of the month that is six (6) months after the month in which the Internal Revenue Service issues an approval of the plan. See Indiana Code 5-10.3-12-7
  • employees of the state: has the meaning set forth in Indiana Code 5-10.3-12-7.5
  • employer: means the state or a participating political subdivision. See Indiana Code 5-10.3-12-8
  • employer contribution subaccount: means the subaccount in a member's plan account established under section 21(b)(2) of this chapter. See Indiana Code 5-10.3-12-9
  • fund: has the meaning set forth in Indiana Code 5-10.3-12-10
  • 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
  • in writing: include printing, lithographing, or other mode of representing words and letters. See Indiana Code 1-1-4-5
  • Internal Revenue Code: has the meaning set forth in Indiana Code 5-10.3-12-11
  • member: means an individual who has elected or is required to participate in the plan. See Indiana Code 5-10.3-12-12
  • member contribution subaccount: means the subaccount in a member's plan account established under section 21(b)(1) of this chapter. See Indiana Code 5-10.3-12-13
  • Month: means a calendar month, unless otherwise expressed. See Indiana Code 1-1-4-5
  • participating political subdivision: means a political subdivision which is participating in the plan as specified in Indiana Code 5-10.3-12-14.5
  • plan: refers to the public employees' defined contribution plan established by section 18 of this chapter. See Indiana Code 5-10.3-12-15
  • Political subdivision: as used in this article means a county, city, town, township, political body corporate, public school corporation, public library, public utility of a county, city, town, township, and any department of, or associated with, a county, city, town, or township, which department receives revenue independently of, or in addition to, funds obtained from taxation. See Indiana Code 5-10.3-1-6
  • Statute: A law passed by a legislature.
  • volunteer fire department: has the meaning set forth in IC 36-8-12-2. See Indiana Code 5-10.3-12-15.5
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
  • years of participation: means periods of participation in the plan in a covered position, plus any additional service for which this chapter provides years of participation credit, except that the term excludes periods of participation in the plan in a covered position for service described in section 1(a)(7) of this chapter. See Indiana Code 5-10.3-12-16