Authority: IC 5-10.5-4-2; IC 5-10-8.5-11

Affected: IC 5-10-8.5

Sec. 10. (a) A former participant who terminated eligible employment before becoming a retired participant and is reemployed by any state employer shall be treated as a new employee upon such employment. The balance of such employee's reimbursement account shall be zero dollars ($0) upon reemployment.

(b) A retired participant who is reemployed by any state employer shall not be eligible to receive benefits from the plan during the participant's period of reemployment. Such participant's account shall not be set to zero dollars ($0) upon reemployment. No additional contributions to the retired participants account shall be made during the period of reemployment. When the retired participant terminates state employment, the retired participant will resume access to the participant's plan account.

(c) INPRS has sole discretion in determining whether the individual is a reemployed participant for purposes of subsections (a) and (b).

(Board of Trustees of the Indiana Public Retirement System; 35 IAC 23-1-10; adopted Sep 10, 2021: 20210915-IR-035210420ONA)