Indiana § 10-12-2-7 - Police benefit fund; duties of trustee; appropriations
Full text of Indiana Indiana Code § 10-12-2-7 — Police benefit fund; duties of trustee; appropriations, with citation guidance and answers to common questions.
§ 10-12-2-7. Police benefit fund; duties of trustee; appropriations
Sec. 7. (a) The:
(1) mortality reserve account referred to in section 4 of this chapter;
(2) disability reserve account referred to in section 5 of this chapter; and
(3) dependent pension reserve account referred to in section 6 of this chapter;
may be commingled and operated as one (1) fund, known as the police benefit fund, under the terms of a supplementary trust agreement between the department and the trustee for the exclusive benefit of employee beneficiaries and their dependents.
(b) The trustee shall receive and hold as trustee for the uses and purposes set out in the supplementary trust agreement all funds paid to it as the trustee by the department or by any other person or persons.
(c) The trustee shall hold, invest, and reinvest the police benefit fund in:
(1) investments that trust funds are permitted to invest in under Indiana law; and
(2) other investments as may be specifically designated in the supplementary trust agreement.
(d) The trustee, with the assistance of the pension engineers, shall, not more than ninety (90) days after the close of the fiscal year, prepare and file with the department and the department of insurance a detailed annual report showing receipts, disbursements, case histories, and recommendations as to the contributions required to keep the program in operation.
(e) Contributions by the department to the police benefit fund shall be provided in the general appropriations to the department.
[Pre-2003 Recodification Citation: 10-1-2-6.]
As added by P.L.2-2003, SEC.3.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 10-12-2-7
What does Indiana Code § 10-12-2-7 cover?
Section 10-12-2-7 ("Police benefit fund; duties of trustee; appropriations") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 10-12-2-7?
A common citation format is "Indiana Code § 10-12-2-7" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 10-12-2-7 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.