{"data":{"id":"us-in/ic-5-10.2-5-27","jurisdiction":"us-in","citation":"IC 5-10.2-5-27","heading":"Pension increases payable after June 30, 1999","body":"Sec. 27. (a) The pension portion (plus postretirement increases to the pension portion) provided by employer contributions of the monthly benefit payable after June 30, 1999, to a member of the public employees' retirement fund or the Indiana state teachers' retirement fund (or to a survivor or beneficiary of a member of the public employees' retirement fund or the Indiana state teachers' retirement fund) who retired or was disabled:\n(1) after July 1, 1990, and before July 2, 1995, shall be increased by one and one-quarter percent (1.25%);\n(2) after July 1, 1980, and before July 2, 1990, shall be increased by two percent (2%);\n(3) after July 1, 1970, and before July 2, 1980, shall be increased by five percent (5%);\n(4) after July 1, 1960, and before July 2, 1970, shall be increased by seven percent (7%); and\n(5) before July 2, 1960, shall be increased by nine percent (9%).\n(b) The increases specified in this section:\n(1) are based upon the date of the member's latest retirement or disability;\n(2) do not apply to benefits payable in a lump sum; and\n(3) are in addition to any other increase provided by law.","path":["TITLE 5. STATE AND LOCAL ADMINISTRATION","ARTICLE 10.2. PUBLIC RETIREMENT AND DISABILITY BENEFITS","Chapter 5. Restricted Benefits"],"source_url":"https://iga.in.gov/ic/2026/Title_5.html#5-10.2-5-27","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-02T16:11:39Z","sha256":"2bd8bf337a5c036a7370486cb6bcd0a5c4bc1d61f3345a9c9aa33cd104d88c68","source_id":"us-in","stale":false,"prev":"us-in/ic-5-10.2-5-26","next":"us-in/ic-5-10.2-5-28"},"notice":"GroundRules: Original legal text. Not legal advice."}