Section 5-10.4-6-6 - Postretirement increase payable after June 30, 1978(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.
As added by P.L. 2-2006, SEC.28.