Ind. Code § 10-12-1-6

"Net amount paid into the trust fund from the wages of an employee beneficiary"

As added by P.L.2-2003, SEC.3.

"Net amount paid into the trust fund from the wages of an employee beneficiary" means:

  1. (1) the amount of money paid into the trust fund from the wages of an employee beneficiary, plus interest at the rate of three percent (3%) or more compounded annually; less
  2. (2) any sums, plus interest at the same rate, paid from the trust fund to:

    1. (A) the employee beneficiary;
    2. (B) any person claiming by, through, or under the employee beneficiary; or
    3. (C) any government fund for the credit or benefit of the employee beneficiary.

      [Pre-2003 Recodification Citation: 10-1-1.9-5.]

As added by P.L.2-2003, SEC.3.

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