Sec. 24. (a) This subsection applies to participants, survivors, and beneficiaries receiving benefits as of December 31, 2007. The amount of the monthly benefit received by a participant, survivor, or beneficiary as of December 31, 2007, shall be increased by two percent (2%). The increase under this subsection applies to monthly benefits paid after December 31, 2007.
(b) This subsection applies to participants, survivors, and beneficiaries receiving benefits as of December 31, 2008. The amount of the monthly benefit received by a participant, survivor, or beneficiary as of December 31, 2008, shall be increased by two percent (2%). The increase under this subsection applies to monthly benefits paid after December 31, 2008.
As added by P.L.68-2007, SEC.2.
Structure Indiana Code
Title 33. Courts and Court Officers
Chapter 8. 1985 Retirement, Disability, and Death System
33-38-8-1. Application of Chapter
33-38-8-2. "Americans With Disabilities Act"
33-38-8-6. "Internal Revenue Code"
33-38-8-10.5. Magistrate Election to Participate in Benefit System
33-38-8-12. Withdrawal of Participant From Fund
33-38-8-13. Retirement Benefits; Termination of Employment; Conditions
33-38-8-14. Retirement Benefits; Computation of Amount
33-38-8-16. Permanent Disability of Participants; Amount of Benefits
33-38-8-17. Death of Participant; Benefits of Surviving Spouse or Children
33-38-8-18. Death of Participant; Benefits of Dependent Children
33-38-8-19. Death of Participant; Payments When No Benefits Payable to Survivors
33-38-8-20. Maximum Annual Benefit Under Internal Revenue Code
33-38-8-21. Service Credit; Contributions for Service as Judge or Full-Time Magistrate
33-38-8-24. Cost of Living Adjustments Payable After December 31, 2007, and December 31, 2008
33-38-8-25. Cost of Living Adjustments for Certain Participants