Indiana § 10-12-4-9 Benefit increase payable after June 30, 2007

Indiana Statutes

§ 10-12-4-9 — Benefit increase payable after June 30, 2007

Indiana § 10-12-4-9

Title 10PUBLIC SAFETY

Art. 12STATE POLICE PENSIONS AND BENEFITS

Ch. 4The State Police 1987 Benefit System

This text of Indiana § 10-12-4-9 (Benefit increase payable after June 30, 2007) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 10-12-4-9 (2026).

Text

(a)The basic monthly pension amount (plus postretirement increases) payable after June 30, 2007, to an employee beneficiary of the state police 1987 benefit system who retired or was disabled after June 30, 1987, and before July 2, 2005, shall be increased by one percent (1%) of the maximum basic monthly pension amount payable to a retired state police employee in the grade of a trooper who has completed twenty-five (25) years of service as of July 1, 2007, as calculated under section 7 of this chapter.

(b)The increases specified in this section:

(1)shall be based on the date of the employee beneficiary's latest retirement or disability;

(2)do not apply to the benefits payable in a lump sum; and

(3)are in addition to any other increase provided by law.

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(a) The basic monthly pension amount (plus
postretirement increases) payable after June 30, 2007, to an employee
beneficiary of the state police 1987 benefit system who retired or was
disabled after June 30, 1987, and before July 2, 2005, shall be
increased by one percent (1%) of the maximum basic monthly pension
amount payable to a retired state police employee in the grade of a
trooper who has completed twenty-five (25) years of service as of July
1, 2007, as calculated under section 7 of this chapter.
(b) The increases specified in this section:
(1) shall be based on the date of the employee beneficiary's latest
retirement or disability;
(2) do not apply to the benefits payable in a lump sum; and
(3) are in addition to any other increase provided by law.