35 IAC 4-4-2
35 IAC 4-4-2 Vesting of benefits
Cite as Ind. Admin. Code tit. 35, r. 4-4-2
Sec. 2. Vesting. A participant is vested under this fund upon:
(1) accumulating fifteen (15) years of creditable service; or
(2) for an officer who becomes a participant after becoming fifty (50) years of age, accumulating ten (10) years of creditable service.
Pursuant to IC 5-10-5.5-22, officers who become participants after becoming fifty (50) years of age will not be eligible for the DROP until
they have accumulated ten (10) years of service.