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.]
‹ Prev All Indiana sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.