35 IAC 1.3-5-1 Member accounts

Sec. 1. (a) Except as provided in subsection (d), each member in the plan will have an account that includes the following subaccounts: (1) A member contribution subaccount as defined in IC 5-10.3-12-13. (2) An employer contribution subaccount as defined in IC 5-10.3-12-9. (b) To the extent a member has made rollover contributions to the plan, a rollover account as defined in IC 5-10.3-12-2 and IC 5-10.3-12-29 will be maintained on behalf of the member as a separate subaccount within the member's account. (c) The accounts will be held and invested in the annuity savings account, subject to the provisions of IC 5-10.3-12 and this title, and the plan shall be a component of the fund. (d) A volunteer firefighter member who joined the plan as result of IC 5-10.3-12-1(a)(7) shall have only a member contribution subaccount with respect to volunteer firefighter service.