Indiana Code Title 36. Local Government § 36-8-8-11.5

Sec. 11.5. (a) This subsection applies to a fund member who is less than fifty-five (55) years of age on the date on which the fund member retires.  Not less than thirty (30) days after a fund member retires from a position covered by this chapter, the fund member may:

(b) This subsection applies to a fund member who is at least fifty-five (55) years of age on the date on which the fund member retires.  In accordance with the federal Pension Protection Act of 2006 (P.L.109-280) and unless otherwise prohibited by law, a fund member may:

(c) This section may be implemented unless the system board receives from the Internal Revenue Service a determination that prohibits the implementation.