Indiana § 5-10.2-12-4 Supplemental allowance reserve account; actuarial report; grants of
postretirement benefits

Indiana Statutes

§ 5-10.2-12-4 — Supplemental allowance reserve account; actuarial report; grants of postretirement benefits

Indiana § 5-10.2-12-4

Title 5STATE AND LOCAL ADMINISTRATION

Art. 10.2PUBLIC RETIREMENT AND DISABILITY

Ch. 12Supplemental Allowance Reserve Accounts

This text of Indiana § 5-10.2-12-4 (Supplemental allowance reserve account; actuarial report; grants of postretirement benefits) 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 § 5-10.2-12-4 (2026).

Text

(a)In each even-numbered calendar year, beginning in 2018, the board shall present to the interim study committee on pension management oversight (established by IC 2-5-1.3-4) an actuarial report concerning the status of each supplemental allowance reserve account.

(b)The general assembly may grant a postretirement benefit increase, thirteenth check, or other benefit change or adjustment for members of or participants in a fund or plan listed in section 1 of this chapter only:

(1)in an odd-numbered calendar year; and

(2)if the postretirement benefit increase, thirteenth check, or other benefit change or adjustment:

(A)may be funded from the uncommitted balance in the supplemental allowance reserve account of the particular fund or plan; and

(B)may be paid in the same amount or percen

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(a) In each even-numbered calendar year,
beginning in 2018, the board shall present to the interim study
committee on pension management oversight (established by IC 2-5-1.3-4) an actuarial report concerning the status of each
supplemental allowance reserve account.
(b) The general assembly may grant a postretirement benefit
increase, thirteenth check, or other benefit change or adjustment for
members of or participants in a fund or plan listed in section 1 of this
chapter only:
(1) in an odd-numbered calendar year; and
(2) if the postretirement benefit increase, thirteenth check, or
other benefit change or adjustment:
(A) may be funded from the uncommitted balance in the
supplemental allowance reserve account of the particular fund
or plan; and
(B) may be paid in the same amount or percentage, or by using
the same formula or computation method, to members of or
participants in each of the funds and plans listed in section 1 of
this chapter.