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

Affected: IC 5-10-8.5

Sec. 13. If qualifying expenses are paid under this plan and the retired participant or covered dependent has or asserts a lawful claim against other parties, including, but not limited to, insurance companies and carriers, this plan shall be subrogated to all claims and rights of recovery of the retired participant or covered dependent. The plan shall be entitled to be reimbursed from any judgment, settlement, or payment resulting from the individual's claim or right. The plan shall be reimbursed in full for any qualified expenses paid by the plan before any amounts, including, but not limited to, legal fees incurred by the retired participant or covered dependent, are deducted from the judgment, settlement, or payment and paid to any other person.

(Board of Trustees of the Indiana Public Retirement System; 35 IAC 23-1-13; adopted Sep 10, 2021: 20210915-IR-035210420ONA)