{"data":{"id":"us-in/ic-5-10.2-5-6","jurisdiction":"us-in","citation":"IC 5-10.2-5-6","heading":"Post-retirement cost of living increase payable on or after July 1, 1977","body":"Sec. 6. (a) The monthly benefit (B) payable on and after July 1, 1977, to a member, or a survivor or beneficiary of a member, who retired or was disabled before July 2, 1972, shall be increased by an amount equal to the benefit payable (J) in June 1977 times one-half percent (1/2%) times the number of years (y) from the member's date of retirement or disability through June 1977.\nExpressed mathematically: B = (1 + .005y)J\nThis subsection does not apply to persons receiving disability benefits under IC 5-10.4-5-2.\n(b) As a cost of living increase, the retirement, disability, and survivor benefit payable on and after July 1, 1978, to a member, or a beneficiary or survivor of a member, who retired before July 2, 1977, shall be increased by three percent (3%). This subsection does not apply to benefits payable in a lump sum.","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#5-10.2-5-6","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-02T16:11:39Z","sha256":"40211ef86b35966a71ccfb04da9b073695ce21563139d4401f2ac31ce07c3610","source_id":"us-in","stale":false,"prev":"us-in/ic-5-10.2-5-5","next":"us-in/ic-5-10.2-5-7"},"notice":"GroundRules: Original legal text. Not legal advice."}