Authority: IC 5-10.5-4-2; IC 33-39-7-11

Affected: IC 33-39-7

Sec. 17.2. (a) In accordance with the Pension Protection Act of 2006, a prosecuting attorneys' retirement fund (PARF) participant may make an election to begin receiving his or her PERF benefits without a separating from PARF-covered service if:

1. (1) the member is at least fifty-five (55) years of age and has accrued at least twenty (20) years of creditable PERF service;
2. (2) the member meets the Rule of 85 and has at least thirty (30) years of creditable PERF service; or
3. (3) the member has reached PERF normal retirement age, as defined in 35 IAC 1.2-1-4.

(b) A participant making such election shall not accrue additional PERF service credit and the participant's PERF benefit will remain unchanged despite further employment in any PERF-covered service.

(c) The election is irrevocable and must be made on a form approved by INPRS.

(d) A participant who files a retirement application under this section after July 1, 2019, is entitled to a retirement effective date on or after the date on which the retirement application was filed.

(Board of Trustees of the Indiana Public Retirement System; 35 IAC 1.2-6-17.2; adopted Jun 23, 2017: 20170705-IR-035170307ONA; adopted Dec 13, 2019: 20191225-IR-035190683ONA)