Establishment of fund; source of funding; administration; investment; nonreversion
Ind. Code § 5-10-9.8-2
in effectSec. 2. (a) The special death benefit fund is established for the purpose of paying lump sum death benefits under the following statutes:
(1) IC 5-10-10.
(2) IC 5-10-11.
(3) IC 10-12-6.
(4) IC 36-8-6-20.
(5) IC 36-8-7-26.
(6) IC 36-8-7.5-22.
(7) IC 36-8-8-20.
(b) The fund consists of:
(1) appropriations by the general assembly;
(2) fees remitted to the board under IC 35-33-8-3.2, IC 5-10-10-4.5, IC 5-10-10-4.8, and IC 5-10-10-4.9;
(3) contributions from employers;
(4) gifts; and
(5) interest or other investment income earned on money in the fund.
(c) The fund shall be administered by the board. The expenses of administering the fund shall be paid from money in the fund.
(d) The board shall invest the money in the fund not currently needed to meet the obligations of the fund in the same manner as the board's other funds may be invested. Interest that accrues from these investments shall be deposited in the fund.
(e) Money in the fund at the end of a state fiscal year does not revert to the state general fund.
As added by P.L.40-2017, SEC.1. Amended by P.L.99-2020, SEC.2.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/5Fetched: 10/17/2026