Sec. 3.5. (a) Every person who is receiving retirement benefits, survivor benefits or other benefits from any fund or funds established by, or under the authority of, the board of directors for utilities of the department of public utilities may have such retirement benefits, survivor benefits or any other benefits increased by an amount not to exceed two dollars ($2) per month for each year of active service prior to retirement. Such increase may be made if the board of directors for utilities of the department of public utilities shall by resolution so provide which said board of directors is hereby given power to do.
(b) Any person who is receiving a retirement, survivor or other benefit which commenced prior to January 1, 1976, shall receive such increased retirement benefits, survivor benefits or other benefits as long as he or she shall live.
[Pre-Local Government Recodification Citation: 19-3-24-3.5.]
As added by Acts 1981, P.L.11, SEC.43.
Structure Indiana Code
Title 8. Utilities and Transportation
Article 1. Utilities Generally
Chapter 11.1. Department of Public Utilities of Consolidated City
8-1-11.1-2. Board of Directors; Appointment of Officers; Compensation; Meetings; Employee Bonds
8-1-11.1-3. Board of Directors; Powers and Duties
8-1-11.1-3.5. Retirement, Survivor, or Other Benefits; Increase
8-1-11.1-4. Directors or Trustees; Adverse Interest in Contracts
8-1-11.1-5. Actions to Protect Rights of Cities
8-1-11.1-6. Utility Districts; Creation
8-1-11.1-7. Expenses; Procedure for Payment
8-1-11.1-9. Disposition of Bond Revenues
8-1-11.1-10. Tax Levy to Pay for Bonds; Utility District Bond Fund
8-1-11.1-11. Surplus Earnings; Disposition
8-1-11.1-12. Expenditures of Current Income; Vouchers
8-1-11.1-13. Separate Books of Account for Separate Utilities
8-1-11.1-14. Quarterly Accounting and Report to City Controller
8-1-11.1-15. Board of Directors Free From Control of Department of Local Government Finance
8-1-11.1-17. Examination and Audit of Books and Accounts
8-1-11.1-18. Application of Chapter to Currently Held or Acquired Utilities
8-1-11.1-19. "Revenue Obligations" Defined
8-1-11.1-20. Revenue Obligations; Issuance; Authorized Purposes
8-1-11.1-21. Security for Revenue Obligations; Issuance of Additional Obligations Authorized
8-1-11.1-22. Resolution Authorizing Revenue Obligations; Trust Indenture; Terms of Obligations
8-1-11.1-23. Temporary Loans Authorized
8-1-11.1-25. Revenue Obligations; Eligible Investments; Deposit of Securities