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Current as of January 02, 2024 | Updated by FindLaw Staff
Sec. 2. (a) The special death benefit fund is established for the purpose of paying lump sum death benefits under the following statutes:
(1) IC 5-10-10.
(2) IC 5-10-11.
(3) IC 10-12-6.
(4) IC 36-8-6-20.
(5) IC 36-8-7-26.
(6) IC 36-8-7.5-22.
(7) IC 36-8-8-20.
(b) The fund consists of:
(1) appropriations by the general assembly;
(2) fees remitted to the board under IC 35-33-8-3.2, IC 5-10-10-4.5, IC 5-10-10-4.8, and IC 5-10-10-4.9;
(3) contributions from employers;
(4) gifts; and
(5) interest or other investment income earned on money in the fund.
(c) The fund shall be administered by the board. The expenses of administering the fund shall be paid from money in the fund.
(d) The board shall invest the money in the fund not currently needed to meet the obligations of the fund in the same manner as the board's other funds may be invested. Interest that accrues from these investments shall be deposited in the fund.
(e) Money in the fund at the end of a state fiscal year does not revert to the state general fund.
Cite this article: FindLaw.com - Indiana Code Title 5. State and Local Administration § 5-10-9.8-2 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-5-state-and-local-administration/in-code-sect-5-10-9-8-2/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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