IC 5-10.2-3-6.3 — Suspension of membership; transfer of amount in annuity savings account to purchase service credit in sheriff's pension trust
Chapter 3. Creditable Service; Contributions; Withdrawals; Death Settlements
Section text
Sec. 6.3. (a) Notwithstanding any other provision in this article, IC 5-10.3, or IC 5-10.4, a member who: (1) has not attained vested status in the fund; (2) is not an active participant in the fund; and (3) is an active participant in a retirement plan established under IC 36-8-10-12; may suspend membership in the fund and transfer the entire amount in the member's annuity savings account in accordance with the member's purchase of service credit under IC 36-8-10-12.5. (b) A member who makes a transfer under IC 36-8-10-12.5 from the member's annuity savings account shall provide notice of the transfer on a form provided by the board. (c) A transfer under IC 36-8-10-12.5 is irrevocable. (d) A member who makes a transfer under this section waives all credit for service in the fund.
As added by P.L.98-2009, SEC.1.
Source: official publisher (2026 edition)