Sec. 6.3. (a) Notwithstanding any other provision in this article, IC 5-10.3 , or IC 5-10.4 , a member who: (1) has not attained vested status in the fund; (2) is not an active participant in the fund; and (3) is an active participant in a retirement plan established under IC 36-8-10-12 ; may suspend membership in the fund and transfer the entire amount in the member's annuity savings account in accordance with the member's purchase of service credit under IC 36-8-10-12.5 . (b) A member who makes a transfer under IC 36-8-10-12.5 from the member's annuity savings account shall provide notice of the transfer on a form provided by the board. (c) A transfer under IC 36-8-10-12.5 is irrevocable. (d) A member who makes a transfer under this section waives all credit for service in the fund.
‹ Prev All Indiana sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.