2013 Indiana Code
TITLE 5. STATE AND LOCAL ADMINISTRATION
ARTICLE 10.5. INDIANA PUBLIC PENSION MODERNIZATION ACT
CHAPTER 6. DIRECTOR; REPORTS AND ADMINISTRATION
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IC 5-10.5-6
Chapter 6. Director; Reports and Administration
IC 5-10.5-6-1
Director; executive officer; appointment
Sec. 1. (a) The director is the executive officer of the system and
is responsible for the administration of the system.
(b) The director is appointed by and serves at the pleasure of the
board.
As added by P.L.23-2011, SEC.22.
IC 5-10.5-6-2
Director; duties
Sec. 2. The director shall do the following:
(1) Maintain a record of the board's proceedings.
(2) Keep the books and records of the system.
(3) Deposit payments made to the system with the custodian for
the system's accounts.
(4) Sign vouchers for the payment of money from the system as
authorized by the board.
(5) Execute a corporate surety bond in an amount specified by
the board. The premium for the bond is an administrative
expense of the system.
(6) Perform other duties as assigned by the board.
As added by P.L.23-2011, SEC.22.
IC 5-10.5-6-3
Fund member records; requirements
Sec. 3. (a) The board shall maintain individual records for each
member of a public pension or retirement fund of the system
administered by the board.
(b) A member's record must include at least the following
information:
(1) The member's name.
(2) Date of birth.
(3) Age at beginning service.
(4) Service record.
(5) Address.
(6) Contributions.
(7) Amounts withdrawn.
(8) Benefits paid.
(9) Social Security number.
(10) Any other information necessary for the fund to administer
the member's account.
As added by P.L.23-2011, SEC.22.
IC 5-10.5-6-4
Fund member records; confidentiality; exceptions
Sec. 4. (a) Records of:
(1) individual members of; and
(2) membership information concerning;
a public pension or retirement fund administered by the board are
confidential, except for the name and years of service of a member.
(b) This section does not prohibit the board from providing fund
records to an association or organization described in IC 2-3.5-4-12,
IC 2-3.5-5-10, IC 5-10.3-8-10, IC 5-10.4-5-14.5, or IC 36-8-8-17.2.
As added by P.L.23-2011, SEC.22. Amended by P.L.15-2013, SEC.7.
IC 5-10.5-6-5
Administrative expenses; proration
Sec. 5. (a) Each public pension and retirement fund of the system
shall pay the expenses of administration attributable to that public
pension or retirement fund.
(b) The board shall:
(1) prorate the expenses of administration of the system that
cannot be attributed to a particular public pension or retirement
fund and the bond of the director among; and
(2) pay the prorated expenses from;
the public pension and retirement funds of the system.
As added by P.L.23-2011, SEC.22.
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