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§ 5-10-3-12-20-5 — Indiana Law | CourtGPT
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  5. Article 10.3 - the Public Employees' Retirement Fund/
  6. Chapter 12 - Public Employees' Defined Contribution Plan5-10.3-12-1. Applicability of Chapter/
  7. § 5-10-3-12-20-5
Indiana Legal Code

§ 5-10-3-12-20-5

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(b) An individual described in subsection (a) may elect to become a member of the plan on the date the individual begins the individual's employment in a covered position with a political subdivision that participates in the plan. The election applies to all service credit that the member accrues in a covered position as an employee of the political subdivision while the political subdivision participates in the plan.(c) An election under this section:(1) must be made in writing;(2) must be filed with the board on a form prescribed by the board; and(3) is irrevocable.(d) Except as provided in section 32(b) of this chapter, an individual described in subsection (a) who does not elect to become a member of the plan becomes a member (as defined in IC 5-10.3-1-5) of the fund for all service credit that the member accrues in a covered position as an employee of the political subdivision while the political subdivision participates in the fund.As added by P.L.241-2015, SEC.30. Amended by P.L.209-2016, SEC.5.