Transfer or Assumption of Tangible and Intangible Property; Transfer of Powers and Duties

  1. Law
  2. Indiana Code
  3. State and Local Administration
  4. Indiana Public Pension Modernization Act
  5. Short Title and Saving Provisions
  6. Transfer or Assumption of Tangible and Intangible Property; Transfer of Powers and Duties

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Sec. 2. (a) All powers, duties, liabilities, property, equipment, records, rights, and contracts of the:

(1) board of trustees of the public employees' retirement fund; and

(2) board of trustees of the teachers' retirement fund;

are transferred to or assumed by the board on July 1, 2011.

(b) The board shall provide indemnification of:

(1) the board of trustees of the public employees' retirement fund; and

(2) the board of trustees of the teachers' retirement fund;

as necessary or appropriate in regard to any liabilities of the public employees' retirement fund or the teachers' retirement fund assumed by the board.

As added by P.L.23-2011, SEC.22.


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