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§ 10-12-1-6 — Indiana Law | CourtGPT
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  2. Laws/
  3. Indiana/
  4. Title 10 - Public Safety/
  5. Article 12 - State Police Pensions and Benefits/
  6. Chapter 1 - Definitions10-12-1-0.2. P.l.146-1987 Intended to Be Codification and Restatement of Law; No Effect on Substantive Operation of Prior Law/
  7. § 10-12-1-6
Indiana Legal Code

§ 10-12-1-6

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'Net amount paid into the trust fund from the wages of an employee beneficiary' means:(1) the amount of money paid into the trust fund from the wages of an employee beneficiary, plus interest at the rate of three percent (3%) or more compounded annually; less(2) any sums, plus interest at the same rate, paid from the trust fund to:(A) the employee beneficiary;(B) any person claiming by, through, or under the employee beneficiary; or(C) any government fund for the credit or benefit of the employee beneficiary.[Pre-2003 Recodification Citation: 10-1-1.9-5.]As added by P.L.2-2003, SEC.3.