Indiana Administrative Code (Last Updated: December 20, 2016) |
Title 35. BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM |
Article 35IAC20. 401(H) MEDICAL BENEFITS ACCOUNTS |
Rule 35IAC20-1. Plan Rules |
Section 35IAC20-1-7. Benefits
Latest version.
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The balance in a retired employee's PERF 401(h) Account may be used to pay or reimburse the retired employee or the spouse or dependent of the retired employee for medical expenses. Such payment or reimbursement will be made as soon as administratively feasible following a claim therefore [sic, therefor]. No benefits will be paid from a PERF 401(h) Account on or after the date the balance in the account has been reduced to zero (0). (Board of Trustees of the Indiana Public Retirement System; 35 IAC 20-1-7; adopted Sep 14, 2012: 20120926-IR-035120542ONA)