Indiana Statutes
§ 5-10-5.5-12 — Early retirement allowance; monthly installments
Indiana § 5-10-5.5-12
JurisdictionIndiana
Title 5STATE AND LOCAL ADMINISTRATION
Art. 10PUBLIC EMPLOYEE BENEFITS
Ch. 5.5State Excise Police, Gaming Agent, Gaming Control
This text of Indiana § 5-10-5.5-12 (Early retirement allowance; monthly installments) 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 § 5-10-5.5-12 (2026).
Text
(a)The amount of annual retirement
allowance payable in equal monthly installments to a participant who
retires under section 11(a) of this chapter (relating to early retirement)
shall be determined in accordance with section 10 of this chapter
(relating to normal retirement). However, the amount of annual
retirement allowance otherwise payable upon early retirement shall be
reduced by one-quarter percent (1/4%) for each full month that the date
of early retirement precedes the attainment of the participant's sixtieth
birthday.
(b)The amount of annual retirement allowance payable in equal
monthly installments to a participant who retires under section 11(b)
or 11(c) of this chapter (relating to early retirement) shall be
determined in accordance with section 10 of this chapter (relating
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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Repealed§ 5-1-10-1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 § 5-10-5.5-12, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/5-10-5.5-12.