Indiana Administrative Code
Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM
Article 1.2 - PUBLIC EMPLOYEES' RETIREMENT FUND
Rule 5 - Retirement and Disability Benefits
Section 5-15 - No guarantee option
Universal Citation: 35 IN Admin Code 5-15
Current through September 18, 2024
Authority: IC 5-10.5-4-2
Affected: IC 5-10.2; IC 5-10.3
Sec. 15.
Under the no guarantee option, if the member dies prior to the first day of the month that benefits are scheduled to begin, the account reverts to an active status and the beneficiary receives the account as though the member had died in active service.
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