Ind. Code § 21-38-1-2

Current through P.L. 171-2024

Section 21-38-1-2 - "Compensation"

"Compensation" means the sum of the following:

(1) The fiscal year salary received by an employee.

(2) An amount not to exceed two thousand dollars ($2,000) received from the state educational institution in contemplation of the employee's retirement, including severance pay, termination pay, retirement bonus, or commutation of sick leave or personal leave.

IC 21-38-1-2

Pre-2007 Higher Education Recodification Citation: 21-6.1-8-1(1).

As added by P.L. 2-2007, SEC.279.