Sec. 10. (a) The pension portion (plus postretirement increases to the pension portion) provided by employer contributions of the monthly benefit payable after December 31, 2004, to a member of the fund (or to a survivor or beneficiary of a member of the fund) who retired or was disabled: (1) after July 1, 1996, and before July 2, 2002, shall be increased by one percent (1%); (2) after July 1, 1978, and before July 2, 1996, shall be increased by two percent (2%); and (3) before July 2, 1978, shall be increased by three percent (3%). (b) The increases specified in this section: (1) are based on 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. [Pre-2006 Education Finance Recodification Citation: 5-10.2-5-37.] IC 5-10.4-7 Chapter 7. School Corporation Reports and Administration 5-10.4-7-1 Notice to teachers of benefits; requirement to include benefits in contracts 5-10.4-7-2 Duty of teacher to complete record form 5-10.4-7-3 Requirement to deduct member contribution from salary; report to member 5-10.4-7-4 Officer's bond required to cover failure to deduct employee contribution 5-10.4-7-5 Reports; new employee information 5-10.4-7-6 Reports; member contributions 5-10.4-7-7 Reports; employment information 5-10.4-7-8 Penalties; failure to make report 5-10.4-7-9 Reimbursement of expenses of secretary of education related to enforcement of penalties 5-10.4-7-10 Separate accounts for each school corporation and each employer group 5-10.4-7-11 Employer contribution rate 5-10.4-7-12 Recovery of amounts due from school corporation
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