Indiana Statutes
§ 5-10-5.5-10 — Retirement allowance
Indiana § 5-10-5.5-10
JurisdictionIndiana
Title 5STATE AND LOCAL ADMINISTRATION
Art. 10PUBLIC EMPLOYEE BENEFITS
Ch. 5.5State Excise Police, Gaming Agent, Gaming Control
This text of Indiana § 5-10-5.5-10 (Retirement allowance) 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 § 5-10-5.5-10 (2026).
Text
(a)Benefits provided under this section are
subject to section 2.5 of this chapter.
(b)The annual retirement allowance of a participant, payable in
equal monthly installments beginning on the participant's normal
retirement date, shall be a percentage of the participant's average
annual salary, such percentage to be twenty-five percent (25%)
increased by one and two-thirds percent (1 2/3%) of the participant's
average annual salary for each completed year of creditable service
more than ten (10) years. However, the annual retirement allowance
computed under this subsection may not exceed seventy-five percent
(75%) of the participant's average annual salary.
(c)The annual retirement allowance shall cease with the last
monthly payment prior to the death of the participant.
Formerly: Acts
Free access — add to your briefcase to read the full text and ask questions with AI
Nearby Sections
15
§ 5-1-1-1
Validation§ 5-1-1-2
Repealed§ 5-1-10-1
Issuance; purpose; restrictions§ 5-1-11-7
Restrictions on powers§ 5-1-11.5-1
"ADM"§ 5-1-11.5-2
"Bonds"§ 5-1-11.5-3
Application to certain school corporations§ 5-1-12-1
"Municipal corporation" definedCite This Page — Counsel Stack
Bluebook (online)
Indiana § 5-10-5.5-10, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/5-10-5.5-10.