Indiana Administrative Code (Last Updated: December 20, 2016) |
Title 35. BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM |
Article 35IAC14. INDIANA STATE TEACHERS' RETIREMENT FUND |
Rule 35IAC14-5. Service Credit and Contributions |
Section 35IAC14-5-1. One day of service credit
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(a) For purposes of IC 5-10.4-4-2, a member is entitled to one (1) day of service credit when the member engages in covered service for a standard work day or any fraction thereof.
(b) Creditable service does not include sick leave, vacation leave, or personal leave unless service credit for such leave is granted pursuant to IC 5-10.4-4-7. (Board of Trustees of the Indiana Public Retirement System; 35 IAC 14-5-1; filed Oct 5, 1992, 5:00 p.m.: 16 IR 707; readopted filed Dec 3, 2001, 11:02 a.m.: 25 IR 1731; adopted Nov 19, 2008: 20081126-IR-550080887ONA; adopted Dec 16, 2009: 20100106-IR-550090990ONA) NOTE: Transferred from the Board of Trustees of the Indiana State Teachers' Retirement Fund (550 IAC 2-5-1) to the Board of Trustees of the Indiana Public Retirement System (35 IAC 14-5-1) by P.L.23-2011, SECTION 22, effective July 1, 2011.