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5-10.2-5-42.4. Public employees' retirement fund; increase payable after December 31, 2007

IN Code § 5-10.2-5-42.4 (2019) (N/A)
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Sec. 42.4. (a) The pension portion (plus postretirement increases to the pension portion) provided by employer contributions of the monthly benefit payable after December 31, 2007, 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, 2007, shall be increased by two percent (2%).

(b) 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.

As added by P.L.163-2007, SEC.1.

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5-10.2-5-42. Teachers' retirement fund; cost of living increase payable after December 31, 2007
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