Indiana Code § 5-10-1.1-6

Obligations of state or political subdivision
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Sec. 6. The state or political subdivision under a deferred compensation plan shall be obligated at any point in time solely for the then current market value of the funding theretofore made. Formerly: Acts 1975, P.L.42, SEC.1. As amended by P.L.15-1998, SEC.4.

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