Sec. 11. The 1925 fund shall be used to pay an amount, equal to the pensions provided by this chapter in the case of voluntary retirement after twenty (20) years' service, to a member of the police department who is dismissed for any reason after having been in actual service for twenty (20) years, including two percent (2%) additional for each full year of service in excess of twenty (20) years' service. However, a pension under this section may not exceed in any year an amount greater than seventy-four percent (74%) of the salary of a first class patrolman.
[Pre-Local Government Recodification Citation: 19-1-24-3 part.]
As added by Acts 1981, P.L.309, SEC.55.
Structure Indiana Code
Chapter 6. 1925 Police Pension Fund
36-8-6-0.1. Application of Certain Amendments to Chapter
36-8-6-1. Application of Chapter
36-8-6-1.5. Qualification of 1925 Fund Under Internal Revenue Code; Benefit Limitations
36-8-6-1.7. "Americans With Disabilities Act"
36-8-6-1.9. Administration of Fund
36-8-6-2. Creation of Fund; Management by Board of Trustees; Selection and Compensation of Trustees
36-8-6-3. Board of Trustees; Officers; Duties
36-8-6-4. Derivation of Funds; Salary Assessments
36-8-6-5. Insufficient Funds; Payment of Deficiency by Municipality; Tax Levy
36-8-6-5.5. Use of Certain Amounts in 1925 Fund
36-8-6-8.1. Determination Whether Disability in Line of Duty
36-8-6-9.5. Reemployment After Retirement
36-8-6-9.6. Members Dying Other Than in Line of Duty; Monthly Benefit
36-8-6-11. Members Dismissed After 20 Years' Service; Benefits
36-8-6-12. Reduction of Benefits After First Payment
36-8-6-15. Ineligibility of Certain Employees for Pension Plan
36-8-6-16. Eligibility of Persons Employed When Fund Established
36-8-6-18. Pension Funds Governed by Other Laws
36-8-6-19. Items Excluded When Computing Benefits; Liability for Overpayment
36-8-6-20. Special Lump Sum Death Benefit in Addition to Other Benefits