IC 7.1-4-11-1: Enforcement officer's retirement fund

Sec. 1. The sums realized from the collection of the biennial license fees imposed by IC 7.1-4-4.1-3 shall be paid first, and are hereby appropriated, to the state excise police, gaming agent, gaming control officer, and conservation enforcement officers' retirement plan established by IC 5-10-5.5-2 (referred to as "retirement plan" in this section). The board of trustees of the Indiana public retirement system shall determine the amount to be appropriated. The amount to be appropriated shall be sufficient, when added to the funds already held by the retirement plan, for the payment of benefits to enforcement officers to pay the aggregate liability of the retirement plan for the payment of benefits and administration costs to the end of the fiscal year. The appropriation of funds shall be credited to the retirement plan in equal installments at the end of each month during each fiscal year.