IC 5-10.4-6-7: Restriction on charging postretirement increase to annuity reserve

Sec. 7. The costs of postretirement increases for the following persons may not be charged against the retired teacher annuity reserve:

(1) A member of the fund who has received a lump sum payment under IC 5-10.2-4-2.

(2) Survivors and beneficiaries of a member described in subdivision (1).