Ind. Code § 36-7-18-10
(d) A housing authority may contract for and purchase adequate pension plans on behalf of those employees. The plans may be purchased from any insurance company licensed to sell such plans in the state, or from any other financial institutions that are approved by a federal agency with which the authority has dealings, notwithstanding any statute providing for participation of public employees in the public employees retirement fund or any other publicly governed fund. The expenses of such a contract or purchase shall be paid from funds of the authority as other expenses are paid.
[Pre-Local Government Recodification Citations: 18-4-8-5 part; 18-7-11-5 part.]
As added by Acts 1981, P.L.309, SEC.37. Amended by P.L.344-1987, SEC.5.