Ind. Code § 5-10.4-4-10
Designation of beneficiary; allocation of benefits
Indiana · Indiana Code Title 5 — State and Local Administration · Status: effective
Cite this
- Citation
- Ind. Code § 5-10.4-4-10, Designation of beneficiary; allocation of benefits, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1607893
- Permanent ID
ys:prov:1607893@1- SHA-256
138567055f13eb25a9e4a5aba9478e7bbdbb2f338b56f45b6081213bfe68ecfc
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
Sec. 10.
(a) The director shall obtain a designation of beneficiary as soon as possible from each member.
(b) The board may adopt rules to allow a member who designates more than one (1) beneficiary to allocate benefit shares in percentage increments.
(c) Notwithstanding a contrary collateral agreement, court order, process, attachment, or levy, the right to receive a death benefit under IC 5-10.2 or this article vests with the designated beneficiary on file with the fund at the time of the member's death. The fund shall distribute the death benefit to the designated beneficiary or the designated beneficiary's estate in accordance with IC 5-10.2 and this article.