Indiana § 5-10.2-5-7 Postretirement increase payable on or after July 1, 1979

Indiana Statutes

§ 5-10.2-5-7 — Postretirement increase payable on or after July 1, 1979

Indiana § 5-10.2-5-7

Title 5STATE AND LOCAL ADMINISTRATION

Art. 10.2PUBLIC RETIREMENT AND DISABILITY

Ch. 5Restricted Benefits

This text of Indiana § 5-10.2-5-7 (Postretirement increase payable on or after July 1, 1979) 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 § 5-10.2-5-7 (2026).

Text

Postretirement Increase.

(a)The monthly benefit payable on and after July 1, 1979, to a member, or a survivor or beneficiary of a member, who retired or was disabled:

(1)before July 2, 1962, shall be increased by six percent (6%);

(2)after July 1, 1962, and before July 2, 1967, shall be increased by four percent (4%); and

(3)after July 1, 1967, and before July 2, 1972, shall be increased by two percent (2%). The increase specified in this section shall be based upon the date of the member's initial retirement or disability. This section does not apply to benefits payable in a lump sum.

(b)As a cost of living increase, the retirement, disability, and survivor benefits payable after June 30, 1979, to a member, or a beneficiary or a survivor of a member, who retired before August 1, 1978

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Postretirement Increase. (a) The monthly
benefit payable on and after July 1, 1979, to a member, or a survivor or
beneficiary of a member, who retired or was disabled:
(1) before July 2, 1962, shall be increased by six percent (6%);
(2) after July 1, 1962, and before July 2, 1967, shall be increased
by four percent (4%); and
(3) after July 1, 1967, and before July 2, 1972, shall be increased
by two percent (2%).
The increase specified in this section shall be based upon the date of
the member's initial retirement or disability. This section does not apply
to benefits payable in a lump sum.
(b) As a cost of living increase, the retirement, disability, and
survivor benefits payable after June 30, 1979, to a member, or a
beneficiary or a survivor of a member, who retired before August 1,
1978, shall be increased three percent (3%). The increase provided by
this subsection is in addition to any other increase provided by law.
This subsection does not apply to benefits payable in a lump sum.
As added by Acts 1979, P.L.36, SEC.1.