Indiana § 5-10.2-5-31 Pension increases payable after June 30, 2001

Indiana Statutes

§ 5-10.2-5-31 — Pension increases payable after June 30, 2001

Indiana § 5-10.2-5-31

Title 5STATE AND LOCAL ADMINISTRATION

Art. 10.2PUBLIC RETIREMENT AND DISABILITY

Ch. 5Restricted Benefits

This text of Indiana § 5-10.2-5-31 (Pension increases payable after June 30, 2001) 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 § 5-10.2-5-31 (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, 2001, to a member of the public employees' retirement fund or the Indiana state teachers' retirement fund (or to a survivor or beneficiary of a member of the public employees' retirement fund or the Indiana state teachers' retirement fund) who retired or was disabled before July 2, 1999, shall be increased by one percent (1%).

(b)The increases specified in this section:

(1)are 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, 2001, to a member of the
public employees' retirement fund or the Indiana state teachers'
retirement fund (or to a survivor or beneficiary of a member of the
public employees' retirement fund or the Indiana state teachers'
retirement fund) who retired or was disabled before July 2, 1999, shall
be increased by one percent (1%).
(b) The increases specified in this section:
(1) are 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.