IC 5-10.4-4-14 : Service not related to governmental unit; contribution of employer share

Sec. 14. (a) After December 31, 1994, creditable service does not accrue under:

(1) this chapter;

(6) any other law concerning the fund for leave for other educational employment;

unless the creditable service is directly related to a governmental unit under Section 414(d) of the Internal Revenue Code (as defined in IC 5-10.2-1-3.5).

(b) After June 30, 1995, for members receiving credit for leave for other educational employment under section 7 of this chapter or subsection (a), the board shall assess an actuarially determined employer share amount against the appropriate entity to be paid to the state general fund.

[Pre-2006 Education Finance Recodification Citation: 21-6.1-4-13.]

As added by P.L.2-2006, SEC.28.