{"data":{"id":"us-in/ic-5-10.2-4-3.2","jurisdiction":"us-in","citation":"IC 5-10.2-4-3.2","heading":"Compensation received in contemplation of retirement","body":"Sec. 3.2. (a) This section applies to the calculation of the average of the annual compensation under section 3 of this chapter for members who retire after December 31, 2027.\n(b) For purposes of this section, \"compensation received in contemplation of retirement\" means compensation that:\n(1) a member received:\n(A) during the member's last year of service; and\n(B) after the member's last year of service; and\n(2) is greater than one hundred twenty percent (120%) of the compensation the member received during the year immediately before the member's last year of service.\n(c) For a member who:\n(1) retires after December 31, 2027; and\n(2) served in a covered position during the entire year before the member's last year of service;\ncompensation received in contemplation of retirement is excluded from the average of the annual compensation.\n(d) For purposes of this section, a year must begin on January 1 or July 1 on the same basis as the average of the annual compensation.","path":["TITLE 5. STATE AND LOCAL ADMINISTRATION","ARTICLE 10.2. PUBLIC RETIREMENT AND DISABILITY BENEFITS","Chapter 4. Retirement and Disability Benefits"],"source_url":"https://iga.in.gov/ic/2026/Title_5.html#5-10.2-4-3.2","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-02T16:11:39Z","sha256":"85173dae6e0a258c517778c631fb38b0c06b0a4eedd296d5dfee32d96c0fcf72","source_id":"us-in","stale":false,"prev":"us-in/ic-5-10.2-4-3.1","next":"us-in/ic-5-10.2-4-4"},"notice":"GroundRules: Original legal text. Not legal advice."}