Sec. 6. (a) In addition to the increase provided in IC 5-10.2-5-6, the monthly benefit payable after June 30, 1978, to a member, or a survivor or beneficiary of a member who retired or was disabled:
(1) before July 2, 1962, is increased by three percent (3%);
(2) after July 1, 1962, and before July 2, 1967, is increased by two percent (2%); and
(3) after July 1, 1967, and before July 2, 1972, is increased by one percent (1%).
(b) This section does not apply to benefits payable in a lump sum.
[Pre-2006 Education Finance Recodification Citation: 21-6.1-6-6.]
As added by P.L.2-2006, SEC.28.
Structure Indiana Code
Title 5. State and Local Administration
Article 10.4. State Teachers' Retirement Fund
Chapter 6. Restricted Benefits
5-10.4-6-1. Members Retired on July 1, 1967; Additional Monthly Benefit
5-10.4-6-2. Members Retired Under Law Enacted Before January 1, 1949; Increased Benefit
5-10.4-6-3. Members Retired Under Law Enacted Before January 1, 1951; Increased Benefit
5-10.4-6-4. Minimum Pension Benefit After July 1, 2017; Appropriation
5-10.4-6-5. Supplemental Minimum Benefit; Minimum Pension Benefit After July 1, 2017; Appropriation
5-10.4-6-6. Postretirement Increase Payable After June 30, 1978
5-10.4-6-7. Restriction on Charging Postretirement Increase to Annuity Reserve
5-10.4-6-8. Postretirement Increase Payable After December 31, 2002
5-10.4-6-9. Postretirement Increase Payable After December 31, 2003
5-10.4-6-10. Postretirement Increase Payable After December 31, 2004