Indiana § 10-12-7-2 Supplemental allowance reserve account; purpose

Indiana Statutes

§ 10-12-7-2 — Supplemental allowance reserve account; purpose

Indiana·Title 10 PUBLIC SAFETY·Art. 12 STATE POLICE PENSIONS AND BENEFITS·Ch. 7 Supplemental Allowance Reserve Account

(a)The trustee shall maintain a separate supplemental allowance reserve account for both the state police pre-1987 benefit system under IC 10-12-3 and the state police 1987 benefit system under IC 10-12-4 for the purpose of paying postretirement benefit adjustments, including:

(1)postretirement benefit increases; and

(2)thirteenth checks; granted by the general assembly to employee beneficiaries after June 30, 2025.

(b)For purposes of subsection (a), "postretirement benefit adjustments" does not include a supplemental pension benefit under IC 10-12-5.

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(a) The trustee shall maintain a separate
supplemental allowance reserve account for both the state police
pre-1987 benefit system under IC 10-12-3 and the state police 1987
benefit system under IC 10-12-4 for the purpose of paying
postretirement benefit adjustments, including:
(1) postretirement benefit increases; and
(2) thirteenth checks;
granted by the general assembly to employee beneficiaries after June
30, 2025.
(b) For purposes of subsection (a), "postretirement benefit
adjustments" does not include a supplemental pension benefit under IC 10-12-5.

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