Section 5-10.4-4-11 - Member contributions to fund(a) This section does not apply to a member who is reemployed more than thirty (30) days after the member's retirement in a position covered by the fund.(b) Each member shall contribute to the fund three percent (3%) of the member's compensation as set forth in IC 5-10.2-3. However, the member's employer may pay the contribution on behalf of the member.(c) If a member's employer elects to pay the members' contributions for its employees, the employer must initiate the payments as part of salary and fringe benefit adjustments provided to these employees.Pre-2006 Education Finance Recodification Citation: 21-6.1-4-9.
As added by P.L. 2-2006, SEC.28. Amended by P.L. 72-2007, SEC.8; P.L. 76-2008, SEC.5.