GroundRules
IC 5-10.4-4-9: Computation of state liability
Where this section sits in the code
- TITLE 5. STATE AND LOCAL ADMINISTRATION
- ARTICLE 10.4. STATE TEACHERS' RETIREMENT FUND
- Chapter 4. Fund Membership; Employee Contributions; Creditable Service; Purchase of Service; Fund Withdrawal
Sec. 9. The board shall determine the actuarial liability resulting from the years of service of the members in the fund and shall determine the state's share of the liability. The board shall distribute the payment of this liability over a period of years that will be equitable to the state and the fund, not to exceed thirty (30) years.
Collected 2026-09-02T16:11:39Z. Source file · JSON