The accounts are separate and distinct accounts within the public employees' retirement fund and the pension relief fund.(b) A unit of local government may do the following:(1) Make deposits at any time to the separate account established for the unit under this section.(2) Withdraw once each year from the unit's separate account all or a part of the balance in the account to pay pension benefits under IC 36-8-6, IC 36-8-7, or IC 36-8-7.5.(3) Direct the state board at any time to pay from the unit's separate account all or a part of either or both of the following:(A) The unit's employer contributions under IC 36-8-8-6.(B) The contributions paid by the unit for a member under IC 36-8-8-8(a).As added by P.L.38-2001, SEC.3. Amended by P.L.146-2008, SEC.37; P.L.182-2009(ss), SEC.75.
Indiana Legal Code