Ind. Code ch. 2-3.5-2

Ind. Code ch. 2-3.5-2
in effect

Ind. Code § 2-3.5-2-1 Definitions; application

Sec. 1. The definitions in this chapter apply throughout this article. As added by P.L.6-1989, SEC.1.

Ind. Code § 2-3.5-2-2.5 Americans with Disabilities Act

Sec. 2.5. "Americans with Disabilities Act" refers to the Americans with Disabilities Act (42 U.S.C. 12101 et seq.) and any amendments and regulations related to the Act. As added by P.L.4-1992, SEC.1.

Ind. Code § 2-3.5-2-2.7 Board

Sec. 2.7. "Board" refers to the board of trustees of the Indiana public retirement system established by IC 5-10.5-3-1. As added by P.L.23-2011, SEC.1. Amended by P.L.35-2012, SEC.3.

Ind. Code § 2-3.5-2-2.8 "Cryptocurrency"

Sec. 2.8. "Cryptocurrency" means a virtual currency that: (1) is not issued by a central authority; (2) is designed to function as a medium of exchange; and (3) uses encryption technology to: (A) regulate the generation of units of currency; (B) verify fund transfers; and (C) prevent counterfeiting. The term does not include payment stablecoin. As added by P.L.49-2026, SEC.1.

Ind. Code § 2-3.5-2-3 Defined benefit fund

Sec. 3. "Defined benefit fund" refers to the fund for the legislators' defined benefit plan. As added by P.L.6-1989, SEC.1.

Ind. Code § 2-3.5-2-4 Defined contribution fund

Sec. 4. "Defined contribution fund" refers to the fund for the legislators' defined contribution plan. As added by P.L.6-1989, SEC.1.

Ind. Code § 2-3.5-2-5 Fiscal year

Sec. 5. "Fiscal year" means the period beginning July 1 in a year and ending June 30 of the following year. As added by P.L.6-1989, SEC.1.

Ind. Code § 2-3.5-2-6 Internal Revenue Code

Sec. 6. As used in this chapter, "Internal Revenue Code": (1) means the Internal Revenue Code of 1954, as in effect on September 1, 1974, if permitted with respect to governmental plans; or (2) to the extent not inconsistent with subdivision (1), has the meaning set forth in IC 6-3-1-11. As added by P.L.6-1989, SEC.1.

Ind. Code § 2-3.5-2-7 Participant

Sec. 7. "Participant" means a member of the general assembly participating in the legislators' retirement system. As added by P.L.6-1989, SEC.1.

Ind. Code § 2-3.5-2-8 PERF

Sec. 8. "PERF" refers to the public employees' retirement fund. As added by P.L.6-1989, SEC.1.

Ind. Code § 2-3.5-2-10 Salary

Sec. 10. "Salary" means: (1) the salary; and (2) the business per diem allowance and the subsistence allowance treated as compensation for federal income tax purposes; paid to a participant by the state, determined without regard to any salary reduction agreement established under Section 125 or Section 457 of the Internal Revenue Code. As added by P.L.6-1989, SEC.1. Amended by P.L.5-1992, SEC.1; P.L.4-1992, SEC.2; P.L.195-1999, SEC.1 and P.L.205-1999, SEC.2.

Ind. Code § 2-3.5-2-11 Service

Sec. 11. "Service" means the period beginning on the day a participant first became a member of the general assembly, whether that date is before, on, or after July 1, 1989, and ending on the date under consideration, including all intervening employment as a member of the general assembly, following resignation or expiration of a term of election or appointment. As added by P.L.6-1989, SEC.1.

Ind. Code § 2-3.5-2-12 TRF

Sec. 12. "TRF" refers to the state teachers' retirement fund. As added by P.L.6-1989, SEC.1.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/2Fetched: 10/17/2026