IC 5-10.2-2-22 — Retirement plans offered by miscellaneous participating entity that withdraws from or freezes participation in public employees' retirement fund
Chapter 2. The Retirement Funds
Section text
Sec. 22. (a) This section applies to a miscellaneous participating entity that: (1) either: (A) withdraws from the public employees' retirement fund under section 20 of this chapter; or (B) freezes its participation in the public employees' retirement fund as described in section 21 of this chapter; and (2) chooses thereafter to offer a retirement plan to its employees. (b) Except as provided in subsection (c), a miscellaneous participating entity to which this section applies may offer a retirement plan to its employees only by participating in the defined contribution plan under IC 5-10.3-12. (c) If, on July 1, 2015, a miscellaneous participating entity to which this section applies has established or is otherwise participating in a defined contribution plan other than the defined contribution plan under IC 5-10.3-12, the miscellaneous participating entity may continue to participate in the defined contribution plan in which the miscellaneous participating entity participated on July 1, 2015.
As added by P.L.241-2015, SEC.7.
Source: official publisher (2026 edition)