Indiana § 36-8-8-4 - Fund established; managed by system board
Full text of Indiana Indiana Code § 36-8-8-4 — Fund established; managed by system board, with citation guidance and answers to common questions.
§ 36-8-8-4. Fund established; managed by system board
Sec. 4. (a) There is established a police officers' and firefighters' pension and disability fund to be known as the 1977 fund. The 1977 fund consists of fund member and employer contributions, plus the earnings on them, to be used to make benefit payments to fund members and their survivors in the amounts and under the conditions specified in this chapter.
(b) The system board shall administer the 1977 fund, which may be commingled for investment purposes with other funds administered by the Indiana public retirement system. All actuarial data shall be computed on the total membership of the fund, and the cost of participation is the same for all employers in the fund. The fund member and employer contributions shall be recorded separately for each employer.
[Pre-Local Government Recodification Citations: subsection (a) formerly 19-1-17.8-1 part; 19-1-17.8-2(a); 19-1-36.5-1 part; 19-1-36.5-2(a); subsection (b) formerly 19-1-17.8-2(b); 19-1-36.5-2(b).]
As added by Acts 1981, P.L.309, SEC.59. Amended by P.L.201-1984, SEC.1; P.L.342-1985, SEC.5; P.L.119-2000, SEC.8; P.L.23-2011, SEC.27; P.L.35-2012, SEC.116.
Frequently Asked Questions About Indiana § 36-8-8-4
What does Indiana Code § 36-8-8-4 cover?
Section 36-8-8-4 ("Fund established; managed by system board") 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 § 36-8-8-4?
A common citation format is "Indiana Code § 36-8-8-4" (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 § 36-8-8-4 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.