Board of Trustees of the Public Employees' Retirement Fund v. King

This is an appeal from a decision of the Superior Court of Marion County which rendered the following-order :

“Nearing on temporary injunction held, taken under advisement, Restraining Order continued in full force and effect.”

The appellant is the Board of Trustees for a retirement fund plan. The plan is for the benefit of certain public employees and the fund is accumulated by contributions made by the State of Indiana and the member-employees of the plan. Appellant is required by statute to pay up to three (3%) per cent interest on each member’s account annually. These three (3%) per cent…