Ind. Code § 10-12-2-4
Mortality reserve account
Redline — January 1, 2018 → current.View current text →
Current — January 1, 2023
As of January 1, 2018
Sec. 4. The department may establish, operate, and make necessary contributions to a mortality reserve account for the payment of supplementary death benefits to deceased employee beneficiaries. However, a supplementary death benefit may not exceed:
Sec. 4. The department may establish, operate, and make necessary contributions to a mortality reserve account for the payment of supplementary death benefits to deceased employee beneficiaries. However, a supplementary death benefit may not exceed twenty thousand dollars ($20,000). The department may not use a deceased employee beneficiary's retirement date with the department as a factor in determining the amount of the deceased employee beneficiary's supplementary death benefit.
(1) fourteen thousand five hundred dollars ($14,500), for an employee beneficiary who dies before July 1, 2013; or
(2) twenty thousand dollars ($20,000), for an employee beneficiary who dies after June 30, 2013.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.