Ind. Code § 5-10.4-5-14.5

Current through P.L. 171-2024

Section 5-10.4-5-14.5 - Assignment of benefits

A member's transfer of a benefit payment is void. However, a member may assign benefits for paying:

(1) premiums on a group, life, hospitalization, surgical, or medical insurance plan maintained in whole or in part by a state agency; and

(2) dues to any association that proves to the board's satisfaction that the association has as members at least twenty percent (20%) of the number of retired members of the fund.

IC 5-10.4-5-14.5

Added by P.L. 15-2013, SEC. 5, eff. 7/1/2013.