Sec. 43.4. (a) The pension portion (plus postretirement increases to the pension portion) provided by employer contributions of the monthly benefit payable after December 31, 2008, to a member of the Indiana state teachers' retirement fund (or to a survivor or beneficiary of a member of the Indiana state teachers' retirement fund) who retired or was disabled: (1) before July 2, 2000, shall be increased by two percent (2%); and (2) after July 1, 2000, and before July 2, 2006, shall be increased by one percent (1%). (b) The increases specified in this section: (1) are based upon the date of the member's latest retirement or disability; (2) do not apply to benefits payable in a lump sum; and (3) are in addition to any other increase provided by law. IC 5-10.2-6 Chapter 6. Construction of Codification 5-10.2-6-1 Purpose 5-10.2-6-2 Headings
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