§ 5-10.2-5-21 — Pension increases payable after June 30, 1990

Indiana § 5-10.2-5-21

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 10.2: PUBLIC RETIREMENT AND DISABILITY
• Ch. 5: Restricted Benefits

Text

(a) The pension portion (plus postretirement
increases to the pension portion) provided by employer contributions
of the monthly benefit payable after June 30, 1990, to a member or a
survivor or beneficiary of a member who retired or was disabled:
(1) before July 2, 1971, shall be increased by three percent (3%);
(2) after July 1, 1971, and before July 2, 1976, shall be increased
by two percent (2%); and
(3) after July 1, 1976, and before July 2, 1983, shall be increased
by one percent (1%).
(b) In addition to the increase specified in subsection (a), the
pension portion (plus postretirement increases to the pension portion),
provided by employer contributions of the monthly benefit payable
after June 30, 1990, to a member or a survivor or beneficiary of a
member, who retired or was disabled before July 2, 1988, shall be
increased by two percent (2%).

Legislative History

As added by P.L.43-1990, SEC.1.