§ 3

Ind. Code § 5-10.4-2-3

Proration of expenses among accounts

As added by P.L.2-2006, SEC.28. Amended by P.L.35-2012, SEC.87.

  1. (a) The board shall:

    1. (1) prorate the expenses of administration of the fund between the retirement allowance accounts; and
    2. (2) pay the prorated expenses from those accounts.

  2. (b) The board shall pay the expenses for the administration of the system as provided in IC 5-10.5-6-5 .

    [Pre-2006 Education Finance Recodification Citation: 21-6.1-2-4.]

As added by P.L.2-2006, SEC.28. Amended by P.L.35-2012, SEC.87.

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