Indiana § 5-10.4-6-2 Members retired under law enacted before January 1, 1949; increased
benefit

Indiana Statutes

§ 5-10.4-6-2 — Members retired under law enacted before January 1, 1949; increased benefit

Indiana § 5-10.4-6-2

Title 5STATE AND LOCAL ADMINISTRATION

Art. 10.4STATE TEACHERS' RETIREMENT FUND

Ch. 6Restricted Benefits

This text of Indiana § 5-10.4-6-2 (Members retired under law enacted before January 1, 1949; increased benefit) 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 § 5-10.4-6-2 (2026).

Text

(a)After July 9, 1949, a member receiving a retirement benefit under Acts 1915, c.182, or any statute amendatory of or supplemental to it enacted before January 1, 1949, is eligible, subject to Acts 1949, c.130, s.2(j), to receive a retirement benefit approximately equal to the state's proportionate share of a retirement benefit provided by Acts 1949, c.130 for up to thirty (30) years of service. These members shall make written application for these benefits to the board at any time. Applications must be based on the service record established in the office of the fund on April 1, 1949. Except as provided under IC 5-10.2-4-7(f), this retirement benefit must begin on the tenth of the month following acknowledgment of the application.

(b)The board shall establish, with the advice of the f

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(a) After July 9, 1949, a member receiving a
retirement benefit under Acts 1915, c.182, or any statute amendatory
of or supplemental to it enacted before January 1, 1949, is eligible,
subject to Acts 1949, c.130, s.2(j), to receive a retirement benefit
approximately equal to the state's proportionate share of a retirement
benefit provided by Acts 1949, c.130 for up to thirty (30) years of
service. These members shall make written application for these
benefits to the board at any time. Applications must be based on the
service record established in the office of the fund on April 1, 1949.
Except as provided under IC 5-10.2-4-7(f), this retirement benefit must
begin on the tenth of the month following acknowledgment of the
application.
(b) The board shall establish, with the advice of the fund's actuary,
a simplified table for computing the increases under this section for the
years of service. The board may provide by resolution for participation
by the members receiving benefits under this section in the additional
annuity fund.
(c) Within a reasonable time, the board shall issue to each member
of the fund a service certificate that includes the following:
(1) The member's name.
(2) The member's last known address.
(3) The member's account number.
(4) The law under which the member is participating in the fund.
(5) The contribution due from the member.
(6) A certification of the total years of creditable service that the
member has as of a date fixed by the board.
(d) The service certificate described in subsection (c) is final and
conclusive regarding service in the fund. However, a member may, not
later than one (1) year from the issuance or notification of the
certificate, request that the board modify the member's service
certificate.
[Pre-2006 Education Finance Recodification Citation:
21-6.1-6-2.]