1. (a) Except as provided in subsections (c), (d), and (e), a participant's employer shall make contributions annually to the account on behalf of the participant. The amount of the contribution each fiscal year must equal the following, based on the participant's age on the last day of the calendar year that is in the fiscal year in which the contribution is made:

1. (b) The budget agency shall determine by rule the date on which the contributions are credited to participants' subaccounts.

2. (c) A contribution under this section shall not be made after June 30, 2011, to any of the following participants:

   1. (1) A conservation officer of the department of natural resources.
   2. (2) An employee of the state excise police.

   3. (3) An employee of the state police department, other than the following:

      1. (A) An employee of the state police department who waived coverage under a common and unified plan of self-insurance under IC 5-10-8-6 before July 1, 2011.
      2. (B) An employee of the state police department who makes an election under IC 5-10-8.5-9.5 .
      3. (C) An employee of the state police department who makes an election under IC 5-10-8.5-9.6 .
3. (d) For individuals who are employed on June 30, 2011, the accrued annual contributions made in accordance with subsection (a) to an account described in section 14 of this chapter on behalf of the individuals for any years the individuals were employed as described in section 1(b)(1) through 1(b)(3) of this chapter shall be transferred to the respective plans described in IC 5-10-8-6 (a) for those individuals and shall be used only to reduce the unfunded other post-employment benefit (OPEB) liability of those plans and not to increase benefits or reduce premiums.

4. (e) A contribution under this section shall not be made after June 30, 2017, to a participant who on June 30, 2017:

   1. (1) is eligible for a normal, unreduced retirement benefit from the public employee retirement fund of which the participant is a member; and

   2. (2) has completed:

      1. (A) fifteen (15) years of service with the participant's employer; or
      2. (B) ten (10) years of service as an elected or appointed officer.

As added by P.L.44-2007, SEC.1. Amended by P.L.229-2011, SEC.74; P.L.213-2015, SEC.59.