Sec. 5. Special Benefit: $200 Minimum. (a) On and after July 1, 1976, a retired member is entitled to a supplemental retirement benefit to be paid by the fund as long as he meets each of these conditions:
(1) he currently receives an annuity or pension or other retirement benefit from his fund;
(2) he was sixty-five (65) years of age or older on July 1, 1976; and
(3) the amount of all annuities, pensions, and retirement benefits for which he is eligible under the Social Security Act is less than two hundred dollars ($200) per month.
(b) The amount of supplemental retirement benefit to which a qualifying retired member is entitled each month is the difference between two hundred dollars ($200) and the total of all annuities, pensions and retirement benefits which he is eligible to receive under the Social Security Act. A retired member who is not eligible for any annuity, pension, or retirement benefit under the Social Security Act on July 1, 1976, and who qualifies under subsection (a) of this section, is entitled to a supplemental retirement benefit of two hundred dollars ($200) per month.
(c) This section does not apply to members of the public employees' retirement fund who have been classified as federal employees by the secretary of agriculture of the United States.
As added by Acts 1977, P.L.53, SEC.2. Amended by Acts 1978, P.L.24, SEC.3.
Structure Indiana Code
Title 5. State and Local Administration
Article 10.2. Public Retirement and Disability Benefits
Chapter 5. Restricted Benefits
5-10.2-5-1. Transitional Benefits, 1955
5-10.2-5-2. Members Retired Pre-1956
5-10.2-5-3. Surviving Spouse, 1956-1959
5-10.2-5-4. Cost of Living Increases
5-10.2-5-5. Special Benefit; $200 Minimum
5-10.2-5-6. Post-Retirement Cost of Living Increase Payable on or After July 1, 1977
5-10.2-5-7. Postretirement Increase Payable on or After July 1, 1979
5-10.2-5-8. Postretirement Increase Payable on and After July 1, 1980
5-10.2-5-9. 1980 Cost of Living Adjustment
5-10.2-5-10. 1981 Postretirement Increase
5-10.2-5-11. 1982 Postretirement Increases
5-10.2-5-12. 1983 Postretirement Increases
5-10.2-5-13. Pension Increases Payable After June 30, 1984
5-10.2-5-14. Increases in Pension Payable After June 30, 1985
5-10.2-5-15. Cost of Living Increases in Pension Payable After June 30, 1986
5-10.2-5-16. Pension Increases Payable After June 30, 1987
5-10.2-5-17. Increases After June 30, 1988
5-10.2-5-19. Increases After June 30, 1989
5-10.2-5-20. Employees of Institutions of Higher Learning
5-10.2-5-21. Pension Increases Payable After June 30, 1990
5-10.2-5-22. Increases After June 30, 1994
5-10.2-5-23. Pension Increases Payable After June 30, 1995
5-10.2-5-24. Pension Increases Payable After June 30, 1996
5-10.2-5-25. Increases After June 30, 1997
5-10.2-5-26. Pension Increases Payable After June 30, 1998
5-10.2-5-27. Pension Increases Payable After June 30, 1999
5-10.2-5-28. Pension Increases Payable After June 30, 2000
5-10.2-5-29. Minimum Purchasing Power of Pension Portion After June 30, 1999
5-10.2-5-30. Minimum Purchasing Power of Pension Portion After June 30, 2000
5-10.2-5-31. Pension Increases Payable After June 30, 2001
5-10.2-5-33. Public Employees' Retirement Fund; Pension Increases Payable After December 31, 2003
5-10.2-5-36. Public Employees' Retirement Fund; Pension Increase Payable After December 31, 2004
5-10.2-5-38. Public Employees' Retirement Fund; Benefit Increase Payable After December 31, 2005
5-10.2-5-39. Teachers' Retirement Fund; Benefit Increase Payable After December 31, 2005
5-10.2-5-40. Public Employees' Retirement Fund; Benefit Increase Payable After December 31, 2006
5-10.2-5-41. Teachers' Retirement Fund; Benefit Increase Payable After December 31, 2006
5-10.2-5-42. Teachers' Retirement Fund; Cost of Living Increase Payable After December 31, 2007
5-10.2-5-42.4. Public Employees' Retirement Fund; Increase Payable After December 31, 2007
5-10.2-5-43. Public Employees' Retirement Fund; Benefit Increase Payable After December 31, 2008
5-10.2-5-43.4. Teachers' Retirement Fund; Benefit Increase Payable After December 31, 2008