Indiana § 5-10-9-3 - Payments

§ 5-10-9-3. Payments

Sec. 3. Payment by a municipal corporation of a check properly endorsed and drawn in accordance with this chapter constitutes full payment for the amount due the employee.

[Pre-Local Government Recodification Citation: 19-10-5-1 part.]

As added by Acts 1980, P.L.8, SEC.43.

IC 5-10-9.8Chapter 9.8. Special Death Benefit Fund

5-10-9.8-1Definitions 5-10-9.8-2Establishment of fund; source of funding; administration; investment; nonreversion 5-10-9.8-2.5Employer contributions 5-10-9.8-3Repealed

IC 5-10-9.8-1Definitions Sec. 1. The following definitions apply throughout this chapter:

(1) "Board" refers to the board of trustees of the Indiana public retirement system.

(2) "Employer" means an employer of an employee that may receive a lump sum death benefit under a statute identified in section 2(a) of this chapter.

(3) "Fund" refers to the special death benefit fund established by section 2 of this chapter.

As added by P.L.40-2017, SEC.1. Amended by P.L.99-2020, SEC.1.

IC 5-10-9.8-2Establishment of fund; source of funding; administration; investment; nonreversion 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.

As added by P.L.40-2017, SEC.1. Amended by P.L.99-2020, SEC.2.

IC 5-10-9.8-2.5Employer contributions Sec. 2.5. (a) The board shall determine contributions and contribution rates for individual employers or for a group of employers necessary to adequately maintain the fund.

(b) The board shall deposit any contributions received under this section in the fund.

As added by P.L.99-2020, SEC.3.

IC 5-10-9.8-3RepealedAs added by P.L.40-2017, SEC.1. Repealed by P.L.201-2023, SEC.79.

IC 5-10-10Chapter 10. Special Death Benefit Fund

5-10-10-1"Board" 5-10-10-1.5"Correctional officer" 5-10-10-2"Dies in the line of duty" 5-10-10-3"Fund" 5-10-10-4"Public safety officer" 5-10-10-4.5Special death benefits coverage purchased for eligible officers 5-10-10-4.7Special death benefit for eligible chaplain 5-10-10-4.8Special death benefits coverage purchased for eligible emergency medical services providers 5-10-10-4.9Special death benefit; emergency medical service providers employed by health care system affiliated with state educational institution 5-10-10-5Expired 5-10-10-6Special death benefits; suspension of payment 5-10-10-6.5Payment of special death benefits to surviving spouse 5-10-10-7Other benefits; effect