State Codes and Statutes
Statutes > Indiana > Title5 > Ar10 > Ch0.5IC 5-10
ARTICLE 10. PUBLIC EMPLOYEE BENEFITS
IC 5-10-0.5
Chapter 0.5. Limitations on Public Retirement Fund Investments
IC 5-10-0.5-1
Limitations on public retirement fund investments
Sec. 1. (a) The prohibitions of Article 11, Section 12 of the
Constitution of the State of Indiana do not apply to:
(1) the public employees' retirement fund (IC 5-10.3);
(2) the Indiana state teachers' retirement fund (IC 5-10.4);
(3) the Indiana state police pre-1987 benefit system (IC
10-12-3);
(4) the Indiana state police 1987 benefit system (IC 10-12-4); or
(5) any other public employee retirement fund administered by
the board of trustees of the Indiana public employees' retirement
fund.
(b) Investments of the funds listed in subsection (a) are subject to
the following limitations and regulations:
(1) Investments of the public employees' retirement fund and
any other public employee retirement fund administered by the
board of trustees of the Indiana public employees' retirement
fund are subject to IC 5-10.3-5-3, including P.L.37-1996.
(2) Investments of the Indiana state teachers' retirement fund are
subject to IC 5-10.4-3-10.
(3) Investments of the Indiana state police benefit system are
subject to IC 10-12-2-2.
As added by P.L.39-1997, SEC.1. Amended by P.L.2-2003, SEC.21;
P.L.2-2006, SEC.12.
