(A) The Clerk-Treasurer and eligible full-time employees may participate in the Indiana Public Retirement System (INPRS). The town shall contribute the 11.2% mandatory employers' contribution and the 3.0% employee's mandatory contribution. The benefits, costs, and administration are determined by current INPRS directives and will be paid 100% from either the General, MVH, Sewer, and Water Funds.
(B) An employee may, on a voluntary basis, have up to 10% more taken from his/her paycheck. Forms for the voluntary contribution may be obtained from the Clerk-Treasurer, filled out and then returned to the Clerk-Treasurer to be kept on file.
(Ord. 2022-13, passed 12-21-2022)