Ind. Code § 5-10.2-5-33
Public employees' retirement fund; pension increases payable after December 31, 2003
Indiana · Indiana Code Title 5 — State and Local Administration · Status: effective
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- Ind. Code § 5-10.2-5-33, Public employees' retirement fund; pension increases payable after December 31, 2003, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1607486
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Full text
Sec. 33.
(a) The pension portion (plus postretirement increases to the pension portion) provided by employer contributions of the monthly benefit payable after December 31, 2003, to a member of the public employees' retirement fund (or to a survivor or beneficiary of a member of the public employees' retirement fund) who retired or was disabled before January 1, 2003, shall be increased by two percent (2%).
(b) The monthly amount of the increase described in subsection (a) payable to a member of the public employees' retirement fund (or to a survivor or beneficiary of a member of the public employees' retirement fund) may not be less than five dollars ($5).
(c) 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.