IC 5-10.4-8-8: Stable value fund; alternative investment programs

Sec. 8. (a) Subject to the board obtaining any approval from the Internal Revenue Service that the board considers necessary or desirable, the board shall establish:

(1) a stable value fund for the plan; and

(2) alternative investment programs for the plan.

(b) The board may adopt requirements and rules that apply to the alternative investment programs within the plan, including the following:

(1) The board's investment guidelines and limits for the alternative investment programs.

(2) A member's selection of and changes to the member's investment options.

(3) The valuation of a member's account.

(4) The allocation and payment of administrative expenses for the alternative investment programs.

(c) The board shall determine the appropriate administrative fees to be charged to the member accounts.