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Indiana Code Title 5. State and Local Administration § 5-10.3-9-1

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 1. Petition for Administration. (a) The members of a retirement system, other than the Indiana state teachers' retirement fund, may petition the board to assume the administration of their retirement system if:

(1) the system was in existence on March 31, 1947;  and

(2) the system is maintained by the state or a political subdivision.

(b) The petition must be signed by at least sixty percent (60%) of the members of the retirement system and must be approved by the employer of the members and the trustees or administrator of the system.

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Cite this article: FindLaw.com - Indiana Code Title 5. State and Local Administration § 5-10.3-9-1 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-5-state-and-local-administration/in-code-sect-5-10-3-9-1/

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