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Ind. Code § 5-10.2-5-13

Pension increases payable after June 30, 1984

As added by P.L.30-1984, SEC.1.

Sec. 13. (a) The pension portion (plus postretirement increases to the pension portion), provided by employer contributions, of the monthly benefit payable after June 30, 1984, to a member, or a survivor or beneficiary of a member, who retired or was disabled:

(1) before July 2, 1966, shall be increased by four percent (4%);

(2) after July 1, 1966, and before July 2, 1971, shall be increased by three percent (3%); and

(3) after July 1, 1971, and before July 2, 1981, shall be increased by two percent (2%).

(b) The increases specified in this section:

(1) shall be based upon the date of the member's initial 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.

Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.