(a) All powers, duties, liabilities, property, equipment, records, rights, and contracts of the:(1) board of trustees of the public employees' retirement fund; and(2) board of trustees of the teachers' retirement fund;are transferred to or assumed by the board on July 1, 2011.(b) The board shall provide indemnification of:(1) the board of trustees of the public employees' retirement fund; and(2) the board of trustees of the teachers' retirement fund;as necessary or appropriate in regard to any liabilities of the public employees' retirement fund or the teachers' retirement fund assumed by the board.As added by P.L.23-2011, SEC.22.
Indiana Legal Code