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§ 5-10-1-1-3 — Indiana Law | CourtGPT
  1. Home/
  2. Laws/
  3. Indiana/
  4. Title 5 - State and Local Administration/
  5. Article 10 - Public Employee Benefits/
  6. Chapter 1.1 - Public Employees Deferred Compensation Plans5-10-1.1-0.3. Legalization of Actions of School Corporations to Establish Certain Employee Savings Plans/
  7. § 5-10-1-1-3
Indiana Legal Code

§ 5-10-1-1-3

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A deferred compensation plan established under this chapter exists and serves in addition to other retirement, pension and benefit systems established by the state, or political subdivision, and may not effect a reduction of any retirement, pension or other benefit provided by applicable law. Any compensation deferred under such a plan shall continue to be included as regular compensation for the purpose of computing the retirement and pension benefits earned by any employee.Formerly: Acts 1975, P.L.42, SEC.1. As amended by Acts 1977, P.L.51, SEC.1.