Sec. 2. A participant who is at least sixty-five (65) years of age is entitled for the remainder of the participant's life to a monthly retirement benefit computed under section 3 of this chapter, beginning on the date specified by the participant in a written application, if all of the following conditions are met on the date on which the benefit begins:
(1) The participant's service as a member of the general assembly is terminated.
(2) The participant:
(A) has at least ten (10) years of service as a member of the general assembly; or
(B) meets the requirements for disability benefits under section 5 of this chapter.
(3) The participant is not receiving and is not entitled to receive a salary from the state.
(4) The participant is not receiving and has not previously received a reduced monthly retirement benefit under section 4 of this chapter.
As added by P.L.6-1989, SEC.1. Amended by P.L.13-2001, SEC.1.
Structure Indiana Code
Article 3.5. Legislative Retirement Benefits
Chapter 4. Legislators' Defined Benefit Plan
2-3.5-4-2. Members 65 and Older; Monthly Retirement Benefit; Conditions
2-3.5-4-3. Monthly Retirement Benefit; Computation
2-3.5-4-4. Participants 55 and Older; Reduced Monthly Retirement Benefit; Computation
2-3.5-4-4.1. Monthly Retirement Benefit; Conditions
2-3.5-4-5. Disabled Participant; Benefits; Transcripts, Records, and Other Materials
2-3.5-4-6. Surviving Spouse; Benefits
2-3.5-4-7. Dependent Children; Benefits
2-3.5-4-8. Manner of Payment; Application for Benefits; Termination
2-3.5-4-9. Actuarial Valuation; Annual Determinations
2-3.5-4-10. Biennial Appropriations
2-3.5-4-11. Exemptions; Criminal Taking of State Property
2-3.5-4-12. Assignment of Benefits
2-3.5-4-13. Benefit Increases Payable After June 30, 1992; Calculation