Ind. Code § 5-10.2-3-6.3 – Suspension of membership; transfer of amount in annuity savings account to purchase service credit in sheriff's pension trust

(a) Notwithstanding any other provision in this article, IC 5-10.3 , or IC 5-10.4 , a member who:
1. (1) has not attained vested status in the fund;
2. (2) is not an active participant in the fund; and
3. (3) is an active participant in a retirement plan established under IC 36-8-10-12 ;
  may suspend membership in the fund and transfer the entire amount in the member's annuity savings account in accordance with the member's purchase of service credit under IC 36-8-10-12.5 .
(b) A member who makes a transfer under IC 36-8-10-12.5 from the member's annuity savings account shall provide notice of the transfer on a form provided by the board.
(c) A transfer under IC 36-8-10-12.5 is irrevocable.
(d) A member who makes a transfer under this section waives all credit for service in the fund.

As added by P.L.98-2009, SEC.1.