{"data":{"id":"us-in/ic-5-10.2-5-7","jurisdiction":"us-in","citation":"IC 5-10.2-5-7","heading":"Postretirement increase payable on or after July 1, 1979","body":"Sec. 7. Postretirement Increase. (a) The monthly benefit payable on and after July 1, 1979, to a member, or a survivor or beneficiary of a member, who retired or was disabled:\n(1) before July 2, 1962, shall be increased by six percent (6%);\n(2) after July 1, 1962, and before July 2, 1967, shall be increased by four percent (4%); and\n(3) after July 1, 1967, and before July 2, 1972, shall be increased by two percent (2%).\nThe increase specified in this section shall be based upon the date of the member's initial retirement or disability. This section does not apply to benefits payable in a lump sum.\n(b) As a cost of living increase, the retirement, disability, and survivor benefits payable after June 30, 1979, to a member, or a beneficiary or a survivor of a member, who retired before August 1, 1978, shall be increased three percent (3%). The increase provided by this subsection is in addition to any other increase provided by law. 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#5-10.2-5-7","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-02T16:11:39Z","sha256":"cc050d92e3bf3c95c966ff6f2f987c2820483c3b442b325ba7394e5c921c8ee8","source_id":"us-in","stale":false,"prev":"us-in/ic-5-10.2-5-6","next":"us-in/ic-5-10.2-5-8"},"notice":"GroundRules: Original legal text. Not legal advice."}