Indiana § 5-10.2-5-4 Cost of living increases

Indiana Statutes

§ 5-10.2-5-4 — Cost of living increases

Indiana § 5-10.2-5-4

Title 5STATE AND LOCAL ADMINISTRATION

Art. 10.2PUBLIC RETIREMENT AND DISABILITY

Ch. 5Restricted Benefits

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Bluebook

Ind. Code § 5-10.2-5-4 (2026).

Text

Cost of Living Increases. As a cost of living
increase, the retirement, disability, and survivor benefit payable on and
after July 1, 1976, to a member, or beneficiary or survivor of a member,
who retired before July 2, 1975, shall be increased by three percent
(3%). However, the benefit may not be increased by an amount less
than seven dollars ($7.00) per month nor more than fifteen dollars
($15.00) per month. This section does not apply to benefits payable in
a lump sum.
As added by Acts 1977, P.L.53, SEC.2. Amended by Acts
1977(ss), P.L.2, SEC.1.

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Cost of Living Increases. As a cost of living
increase, the retirement, disability, and survivor benefit payable on and
after July 1, 1976, to a member, or beneficiary or survivor of a member,
who retired before July 2, 1975, shall be increased by three percent
(3%). However, the benefit may not be increased by an amount less
than seven dollars ($7.00) per month nor more than fifteen dollars
($15.00) per month. This section does not apply to benefits payable in
a lump sum.
As added by Acts 1977, P.L.53, SEC.2. Amended by Acts
1977(ss), P.L.2, SEC.1.