{"data":{"id":"us-in/ic-5-10-5.5-10","jurisdiction":"us-in","citation":"IC 5-10-5.5-10","heading":"Retirement allowance","body":"Sec. 10. (a) Benefits provided under this section are subject to section 2.5 of this chapter.\n(b) Except as provided in section 10.5 of this chapter, the annual retirement allowance of a participant, payable in equal monthly installments beginning on the participant's normal retirement date, shall be a percentage of the participant's average annual salary, such percentage to be twenty-five percent (25%) increased by one and two-thirds percent (1 2/3%) of the participant's average annual salary for each completed year of creditable service more than ten (10) years. However, the annual retirement allowance computed under this subsection may not exceed seventy-five percent (75%) of the participant's average annual salary.\n(c) The annual retirement allowance under subsection (b) shall cease with the last monthly payment prior to the death of the participant.","path":["TITLE 5. STATE AND LOCAL ADMINISTRATION","ARTICLE 10. PUBLIC EMPLOYEE BENEFITS","Chapter 5.5. State Excise Police, Gaming Agent, Gaming Control Officer, and Conservation Enforcement Officers' Retirement Plan"],"source_url":"https://iga.in.gov/ic/2026/Title_5.html#5-10-5.5-10","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-02T16:11:39Z","sha256":"a2b92f8d36aa47f5ae8319f16e2db58c5437a84ffdbdff7b8c038d022b792b89","source_id":"us-in","stale":false,"prev":"us-in/ic-5-10-5.5-9","next":"us-in/ic-5-10-5.5-10.5"},"notice":"GroundRules: Original legal text. Not legal advice."}