Indiana Administrative Code
Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM
Article 20 - 401(H) MEDICAL BENEFITS ACCOUNTS
Rule 1 - Plan Rules
Section 1-9 - Limitations

Authority: IC 5-10.5-4-2

Affected: IC 5-10-1.1-7.5; IC 5-10.3-8-14

Sec. 9.

This rule does not create any additional rights to compensation for accrued but unused leave or to any additional benefits under the Public Employees' Retirement Fund beyond those rights expressly granted herein. If a terminating state employee does not retire with normal, unreduced retirement benefits from PERF contemporaneously with employment termination, the employee does not receive the benefit of these rules and instead is limited to the conversion rules under IC 5-10-1.1-7.5, 31 IAC 1-9-3, 31 IAC 2-11-3, and 31 IAC 4-4-1. If a retired employee returns to service as a state employee (as defined in IC 5-10.3-7-1(d)) the individual will no longer be considered retired and will only have access to their PERF 401(h) account upon retirement from reemployment. Such individual will not receive additional leave conversion under these rules at the time of such subsequent retirement(s).