Ind. Code § 5-10.5-7-2
Transfer or assumption of tangible and intangible property; transfer of powers and duties
As added by P.L.23-2011, SEC.22.
(a) All powers, duties, liabilities, property, equipment, records, rights, and contracts of the:
- (1) board of trustees of the public employees' retirement fund; and
(2) board of trustees of the teachers' retirement fund;
are transferred to or assumed by the board on July 1, 2011.
(b) The board shall provide indemnification of:
- (1) the board of trustees of the public employees' retirement fund; and
(2) the board of trustees of the teachers' retirement fund;
as necessary or appropriate in regard to any liabilities of the public employees' retirement fund or the teachers' retirement fund assumed by the board.
As added by P.L.23-2011, SEC.22.