Indiana § 5-10.2-5-43 Public employees' retirement fund; benefit increase payable after
December 31, 2008

Indiana Statutes

§ 5-10.2-5-43 — Public employees' retirement fund; benefit increase payable after December 31, 2008

Indiana § 5-10.2-5-43

Title 5STATE AND LOCAL ADMINISTRATION

Art. 10.2PUBLIC RETIREMENT AND DISABILITY

Ch. 5Restricted Benefits

This text of Indiana § 5-10.2-5-43 (Public employees' retirement fund; benefit increase payable after December 31, 2008) 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 § 5-10.2-5-43 (2026).

Text

(a)The pension portion (plus postretirement increases to the pension portion) provided by employer contributions of the monthly benefit payable after December 31, 2008, to a member of the public employees' retirement fund (or to a survivor or beneficiary of a member of the public employees' retirement fund) who retired or was disabled before January 1, 2008, shall be increased by:

(1)two percent (2%) for members who retired after December 31, 1999; and

(2)two and one-half (2.5%) percent for members who retired before January 1, 2000.

(b)In addition to any other cost of living increase provided under this chapter, the pension portion (plus postretirement increases to the pension portion) provided by employer contributions of the monthly benefit payable after December 31, 2008, to a memb

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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 December 31, 2008, to a member
of the public employees' retirement fund (or to a survivor or beneficiary
of a member of the public employees' retirement fund) who retired or
was disabled before January 1, 2008, shall be increased by:
(1) two percent (2%) for members who retired after December 31,
1999; and
(2) two and one-half (2.5%) percent for members who retired
before January 1, 2000.
(b) In addition to any other cost of living increase provided under
this chapter, the pension portion (plus postretirement increases to the
pension portion) provided by employer contributions of the monthly
benefit payable after December 31, 2008, to a member of the public
employees' retirement fund (or to a survivor or beneficiary of a member
of the public employees' retirement fund) who is a retired member of
the fund with at least ten (10) years of creditable service may not be
less than one hundred eighty dollars ($180).
(c) Subsection (b) does not apply to a member of the public
employees' retirement fund (or to a survivor or beneficiary of a member
of the public employees' retirement fund) whose creditable service was
earned only as an elected official.
(d) The increases specified in this section:
(1) are based on 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.