35 IAC 14-3-6 Unclaimed ASA assets within dormant accounts

Authority IC 5-10.2-2-1; IC 5-10.5-4-2 Sec. 6. (a) Whenever a vested member's account has received no contributions for a period of twenty (20) years and it has been determined by TRF that the member is otherwise age and service eligible to receive a benefit, the fund may conduct an investigation to locate the member. (b) Reasonable costs of locating the member or the member's beneficiary may be charged against the member's ASA. (c) If the member or the member's beneficiary is not located after an investigation to locate the member, the monies in the member's ASA shall remain in the member's account until the member or the member's beneficiary claims the monies or there are insufficient assets in the account to pay the administrative costs of the account, at such time the account will be closed.