Indiana Code
Chapter 8. 1977 Police Officers' and Firefighters' Pension and Disability Fund
36-8-8-11. Computation of Retirement Benefits; Actuarially Reduced Benefits

Sec. 11. (a) Benefits paid under this section are subject to section 2.5 of this chapter.
(b) This subsection applies to a fund member who retires before July 1, 2019. Each fund member who qualifies for a retirement benefit payment under section 10(b) of this chapter is entitled to receive a monthly benefit equal to fifty percent (50%) of the monthly salary of a first class patrolman or firefighter in the year the member ended the member's active service plus:
(1) for a member who retires before January 1, 1986, two percent (2%) of that salary for each full year of active service; or
(2) for a member who retires after December 31, 1985, one percent (1%) of that salary for each six (6) months of active service;
over twenty (20) years, to a maximum of twelve (12) years.
(c) This subsection applies to a fund member who retires after June 30, 2019. Each fund member who qualifies for a retirement benefit payment under section 10(b) of this chapter is entitled to receive a monthly benefit equal to fifty-two percent (52%) of the monthly salary of a first class patrolman or firefighter in the year the member ended the member's active service plus one percent (1%) of that salary for each six (6) months of active service over twenty (20) years, to a maximum of twelve (12) years.
(d) This subsection applies to a fund member who retires before July 1, 2019. Each fund member who qualifies for a retirement benefit payment under section 10(c) of this chapter is entitled to receive a monthly benefit equal to fifty percent (50%) of the monthly salary of a first class patrolman or firefighter in the year the member ended the member's active service plus one percent (1%) of that salary for each six (6) months of active service over twenty (20) years, to a maximum of twelve (12) years, all actuarially reduced for each month (if any) of benefit payments prior to fifty-two (52) years of age, by a factor established by the fund's actuary from time to time.
(e) This subsection applies to a fund member who retires after June 30, 2019. Each fund member who qualifies for a retirement benefit payment under section 10(c) of this chapter is entitled to receive a monthly benefit equal to fifty-two percent (52%) of the monthly salary of a first class patrolman or firefighter in the year the member ended the member's active service plus one percent (1%) of that salary for each six (6) months of active service over twenty (20) years, to a maximum of twelve (12) years, all actuarially reduced for each month (if any) of benefit payments prior to fifty-two (52) years of age, by a factor established by the fund's actuary from time to time.
[Pre-Local Government Recodification Citations: 19-1-17.8-9; 19-1-36.5-9.]
As added by Acts 1981, P.L.309, SEC.59. Amended by P.L.342-1985, SEC.6; P.L.55-1989, SEC.62; P.L.22-1998, SEC.20; P.L.99-2010, SEC.12; P.L.42-2011, SEC.84; P.L.146-2019, SEC.1.

Structure Indiana Code

Indiana Code

Title 36. Local Government

Article 8. Public Safety

Chapter 8. 1977 Police Officers' and Firefighters' Pension and Disability Fund

36-8-8-0.1. Application of Certain Amendments to Chapter

36-8-8-1. Application of Chapter

36-8-8-1.5. "Electronic Funds Transfer"

36-8-8-2. "Employer"

36-8-8-2.1. "Local Board"

36-8-8-2.3. "System Board"

36-8-8-2.5. Qualification of 1977 Fund Under Internal Revenue Code

36-8-8-2.6. Administration of Fund

36-8-8-3. Participation by Units; Longevity Increases

36-8-8-4. Fund Established; Managed by System Board

36-8-8-5. System Board; Powers and Duties; Appeals; Personnel; Confidentiality of Fund Records

36-8-8-6. Employer Contributions; Reports and Records

36-8-8-6.5. Submission of Salary

36-8-8-7. Membership in Fund; Reemployment With Participating Employer

36-8-8-7.2. Fire Chief or Police Chief Transfer of Service Credit to Perf

36-8-8-8. Employee Contributions; Lump Sum Withdrawal on Termination of Employment

36-8-8-8.3. Purchase of Military Service Credit

36-8-8-8.5. Purchase of Service Credit in Certain Indiana Public Retirement Funds

36-8-8-8.6. Purchase of In-State Service Credit

36-8-8-8.8. Purchase of Out-of-State Service Credit

36-8-8-9. Conversion From Prior Fund

36-8-8-9.5. Fund Member Maximum Retirement Age

36-8-8-10. Eligibility for Retirement; Initiation of Benefits; Election to Receive Actuarially Reduced Benefits

36-8-8-11. Computation of Retirement Benefits; Actuarially Reduced Benefits

36-8-8-11.5. Reemployment After Retirement

36-8-8-12. Benefits for Members With Covered Impairments; Retirement Benefits for Members Who Have a Disability and Are Less Than 52 Years Old

36-8-8-12.3. Covered Impairments; Hearings; Inclusions; Class 3 Excludable Condition; Determination

36-8-8-12.4. Election of Coverage by Ic 36-8-8-12.5 and Ic 36-8-8-13.5

36-8-8-12.5. Determination of Class of Impairment

36-8-8-12.7. Hearings; Notice; Procedure; Discovery; Determinations; Appeals; Records; Determination Whether Disability in Line of Duty

36-8-8-13. Repealed

36-8-8-13.1. Submission of Determination of Local Board and Safety Board to System Director; Medical Examinations; Initial Determination; Objections; Hearing; Final Order; Appeals

36-8-8-13.3. Disability Benefits; Benefit for Catastrophic Physical Personal Injury

36-8-8-13.5. Applicability to Certain Fund Members; Disability Benefits for Classes of Impairment; Benefit for Catastrophic Physical Personal Injury

36-8-8-13.6. "Class 3 Excludable Condition"; Rules; Recording and Retaining Listing of Condition

36-8-8-13.7. Review of Member's Impairment; Hearing; Costs of Medical Examination

36-8-8-13.8. Members Dying Other Than in Line of Duty After August 31, 1982

36-8-8-13.9. Members Dying in Line of Duty Before September 1, 1982

36-8-8-14. Repealed

36-8-8-14.1. Members Dying in Line of Duty After August 31, 1982

36-8-8-14.2. Public Safety Officers Survivors' Health Coverage Cumulative Fund

36-8-8-15. Cost of Living Adjustment

36-8-8-16. Lump Sum Death Benefit

36-8-8-17. Benefits Exempt From Judicial Process; Reimbursement of Employers; Withholding Payments; Transfer Prohibited; Rollover to Eligible Retirement Plan

36-8-8-17.2. Voluntary Benefit Deductions

36-8-8-18. Credit for Service Prior to Participation in 1977 Fund; Rollover Distributions; Trustee to Trustee Transfers

36-8-8-18.1. Members Electing to Transfer or Being Transferred to 1997 Fund From Perf

36-8-8-19. Baseline Statewide Physical and Mental Examinations

36-8-8-20. Special Lump Sum Death Benefit in Addition to Other Benefits

36-8-8-21. 1977 Fund Members; Age Limitation; Aptitude, Physical Agility, and Physical and Mental Standards; Credit for Prior Service

36-8-8-22. Selection of Administrative Law Judge

36-8-8-23. Disability Retiree Supplemental Benefit

36-8-8-24. Beneficiary Designation