Indiana § 5-10.2-5-19 Increases after June 30, 1989

Indiana Statutes

§ 5-10.2-5-19 — Increases after June 30, 1989

Indiana § 5-10.2-5-19

Title 5STATE AND LOCAL ADMINISTRATION

Art. 10.2PUBLIC RETIREMENT AND DISABILITY

Ch. 5Restricted Benefits

This text of Indiana § 5-10.2-5-19 (Increases after June 30, 1989) 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 § 5-10.2-5-19 (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, 1989, to a member, or a survivor or beneficiary of a member, who retired or was disabled before July 2, 1987, shall be increased by three percent (3%).

(b)The increases specified in this section:

(1)shall be based upon the date of the member's latest 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, 1989, to a member, or a
survivor or beneficiary of a member, who retired or was disabled
before July 2, 1987, shall be increased by three percent (3%).
(b) The increases specified in this section:
(1) shall be based upon the date of the member's latest 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.