§ 20-42-4-1

This chapter applies to a school corporation that:(1) after June 30, 2001, establishes a retirement or severance plan that will require the school corporation to pay postretirement or severance benefits to employees of the school corporation; or(2) includes in a collective bargaining agreement or other contract entered into after June 30, 2001, a provision to increase:(A) the benefit; or(B) the unfunded liability;under a retirement or severance provision that will require the school corporation to pay postretirement or severance benefits to employees of the school corporation.[Pre-2006 Recodification Citation: 21-2-20-1.]As added by P.L.2-2006, SEC.165.