Indiana § 5-10.2-5-13 Pension increases payable after June 30, 1984

Indiana Statutes

§ 5-10.2-5-13 — Pension increases payable after June 30, 1984

Indiana § 5-10.2-5-13

Title 5STATE AND LOCAL ADMINISTRATION

Art. 10.2PUBLIC RETIREMENT AND DISABILITY

Ch. 5Restricted Benefits

This text of Indiana § 5-10.2-5-13 (Pension increases payable after June 30, 1984) 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 § 5-10.2-5-13 (2026).

Text

(a)The pension portion (plus postretirement increases to the pension portion), provided by employer contributions, of the monthly benefit payable after June 30, 1984, to a member, or a survivor or beneficiary of a member, who retired or was disabled:

(1)before July 2, 1966, shall be increased by four percent (4%);

(2)after July 1, 1966, and before July 2, 1971, shall be increased by three percent (3%); and

(3)after July 1, 1971, and before July 2, 1981, shall be increased by two percent (2%).

(b)The increases specified in this section:

(1)shall be based upon the date of the member's initial retirement or disability;

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

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

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(a) The pension portion (plus postretirement
increases to the pension portion), provided by employer contributions,
of the monthly benefit payable after June 30, 1984, to a member, or a
survivor or beneficiary of a member, who retired or was disabled:
(1) before July 2, 1966, shall be increased by four percent (4%);
(2) after July 1, 1966, and before July 2, 1971, shall be increased
by three percent (3%); and
(3) after July 1, 1971, and before July 2, 1981, shall be increased
by two percent (2%).
(b) The increases specified in this section:
(1) shall be based upon the date of the member's initial retirement
or disability;
(2) do not apply to benefits payable in a lump sum; and
(3) are in addition to any other increase provided by law.