{"data":{"id":"us-in/ic-5-10.2-5-40","jurisdiction":"us-in","citation":"IC 5-10.2-5-40","heading":"Public employees' retirement fund; benefit increase payable after December 31, 2006","body":"Sec. 40. (a) The pension portion (plus postretirement increases to the pension portion) provided by employer contributions of the monthly benefit payable after December 31, 2006, to a member of the public employees' retirement fund (or to a survivor or beneficiary of a member of the public employees' retirement fund) who retired or was disabled before January 1, 2006, shall be increased by two percent (2%).\n(b) The increase specified in this section:\n(1) is based on the date of the member's latest retirement or disability;\n(2) does not apply to benefits payable in a lump sum; and\n(3) is 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#5-10.2-5-40","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-02T16:11:39Z","sha256":"94f21f7172b81ca3c606a0fdb77a91d877dd215b3ea373de8a96521e9281806d","source_id":"us-in","stale":false,"prev":"us-in/ic-5-10.2-5-39","next":"us-in/ic-5-10.2-5-41"},"notice":"GroundRules: Original legal text. Not legal advice."}