Withdrawal by political subdivisions; employer contributions

Authority: IC 5-10.2-4-2; IC 5-10.3-12-18 Affected: IC 5-10.2-3-1; IC 5-10.3-7-4; IC 5-10.3-12 Sec. 9. If a participating political subdivision withdraws from participation in the plan as described in section 7 of this rule, the employees of the participating political subdivision are immediately one hundred percent (100%) vested in employer contributions. (Board of Trustees of the Indiana Public Retirement System; 35 IAC 1.3-7-9; adopted Feb 22, 2019: 20190227-IR-035190137ONA)