35 IAC 14.1-4-2 Participant's election to participate in the plan

Sec. 2. (a) An individual who, on or after the effective date of the plan, begins employment with a school corporation in a covered position that would otherwise be eligible for membership in the fund under IC 5-10.4-4-1 may elect to become a participant in the plan. (b) An election under this section: (1) must be in writing; (2) must be filed with the board, on a form or in a manner approved by the board; and (3) is irrevocable per IC 5-10.4-8-6. (c) An election made due to a material mistake by the participant may be corrected under INPRS' sole discretion within sixty (60) days following the end of the election period upon petition by the participant if the participant can prove to INPRS' satisfaction that the election was made due to a material mistake by the participant.