Administrative expenses; proration

Ind. Code § 5-10.5-6-5
in effect
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Sec. 5. (a) Each public pension and retirement fund of the system shall pay the expenses of administration attributable to that public pension or retirement fund. (b) The board shall: (1) prorate the expenses of administration of the system that cannot be attributed to a particular public pension or retirement fund and the bond of the director among; and (2) pay the prorated expenses from; the public pension and retirement funds of the system. As added by P.L.23-2011, SEC.22.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/5Fetched: 10/17/2026

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