{"data":{"id":"us-in/ic-5-10.4-5-16","jurisdiction":"us-in","citation":"IC 5-10.4-5-16","heading":"Retirement before July 1, 1975; limitations on reductions in benefits","body":"Sec. 16. The computation of benefits described in section 2 of this chapter applies to benefits payable on and after July 1, 1975, and includes benefits payable to members who retired or whose employment was terminated before that date. However, a member's benefits may not be reduced below the amount paid to the member before July 1, 1975. The benefits for a member who retired before January 1, 1956, shall be computed by multiplying fifteen dollars ($15) by the member's years of service and then actuarially adjusting the product obtained to take into account a member's early retirement and the retirement option selected by a member using the factors in effect on July 1, 1975.","path":["TITLE 5. STATE AND LOCAL ADMINISTRATION","ARTICLE 10.4. STATE TEACHERS' RETIREMENT FUND","Chapter 5. Benefits"],"source_url":"https://iga.in.gov/ic/2026/Title_5.html#5-10.4-5-16","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-02T16:11:39Z","sha256":"dc93c7cd45e9e14e3133e51f2d39197c2e2463b4ac456e2f70d90ea69b46318d","source_id":"us-in","stale":false,"prev":"us-in/ic-5-10.4-5-15","next":"us-in/ic-5-10.4-5-17"},"notice":"GroundRules: Original legal text. Not legal advice."}