"Net Amount Paid Into the Trust Fund From the Wages of an Employee Beneficiary"

1. Law
2. Indiana Code
3. Public Safety
4. State Police Pensions and Benefits
5. Definitions
6. "Net Amount Paid Into the Trust Fund From the Wages of an Employee Beneficiary"

Sec. 6. "Net amount paid into the trust fund from the wages of an employee beneficiary" means:

(1) the amount of money paid into the trust fund from the wages of an employee beneficiary, plus interest at the rate of three percent (3%) or more compounded annually; less

(2) any sums, plus interest at the same rate, paid from the trust fund to:

(A) the employee beneficiary;

(B) any person claiming by, through, or under the employee beneficiary; or

(C) any government fund for the credit or benefit of the employee beneficiary.

[Pre-2003 Recodification Citation: 10-1-1.9-5.]

As added by P.L.2-2003, SEC.3.

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