IC 5-10.4-6-1 Members retired on July 1, 1967; additional monthly benefit
Sec. 1. (a) In addition to any other benefit received from the fund,
a person who, on July 1, 1967:
(1) received a retirement benefit from the fund; and
(2) did not receive a benefit under the federal Social Security
Act;
shall receive thirty-five dollars ($35) per month.
(b) There is annually appropriated to the fund from money not
otherwise appropriated in the state general fund an amount sufficient
to pay the benefit described in subsection (a). As added by P.L.2-2006, SEC.28.
IC 5-10.4-6-2 Members retired under law enacted before January 1, 1949;
increased benefit
Sec. 2. (a) After July 9, 1949, a member receiving a retirement
benefit under Acts 1915, c.182, or any statute amendatory of or
supplemental to it enacted before January 1, 1949, is eligible, subject
to Acts 1949, c.130, s.2(j), to receive a retirement benefit
approximately equal to the state's proportionate share of a retirement
benefit provided by Acts 1949, c.130 for up to thirty (30) years of
service. These members shall make written application for these
benefits to the board at any time. Applications must be based on the
service record established in the office of the fund on April 1, 1949.
Except as provided under IC 5-10.2-4-7(f), this retirement benefit
must begin on the tenth of the month following acknowledgment of
the application.
(b) The board shall establish, with the advice of the fund's
actuary, a simplified table for computing the increases under this
section for the years of service. The board may provide by resolution
for participation by the members receiving benefits under this section
in the additional annuity fund.
(c) Within a reasonable time, the board shall issue to each
member of the fund a service certificate that includes the following:
(1) The member's name.
(2) The member's last known address.
(3) The member's account number.
(4) The law under which the member is participating in the
fund.
(5) The contribution due from the member.
(6) A certification of the total years of creditable service that
the member has as of a date fixed by the board.
(d) The service certificate described in subsection (c) is final and
conclusive regarding service in the fund. However, a member may,
not later than one (1) year from the issuance or notification of the
certificate, request that the board modify the member's service
certificate. As added by P.L.2-2006, SEC.28. Amended by P.L.115-2009,
SEC.19.
IC 5-10.4-6-3 Members retired under law enacted before January 1, 1951;
increased benefit
Sec. 3. (a) After July 9, 1951, a member receiving or entitled to
receive a retirement benefit that accrued before July 11, 1951, under
Acts 1915, c.182, or any statute amendatory of or supplemental to
Acts 1915, c.182 enacted before January 1, 1951, is eligible to
receive an increase in benefit. This benefit must be, when adjusted
by the board to Acts 1951, c.142, s.2 (j), the equivalent of the
retirement benefit for which the member would be eligible if the
teacher had retired as a member of the fund under Acts 1951, c.142
with the beginning age, years of teaching and equivalent service, and
payments made by the member at retirement.
(b) A member who has completed at least twenty (20) years of
service is eligible to receive a retirement benefit from state sources
of not less than four hundred twenty dollars ($420) a year.
(c) There is appropriated annually to the fund from the state
general fund, in addition to other appropriations for the fund, an
amount sufficient to pay the retirement benefits specified in this
section. As added by P.L.2-2006, SEC.28.
IC 5-10.4-6-4 Minimum benefit after June 30, 1965; members with at least 30
years of creditable service; appropriation
Sec. 4. (a) Beginning July 1, 1965, a person who receives a
retirement benefit shall receive from the fund an amount that when
added to the person's pension benefit derived from state sources and
the person's Social Security benefit earned as a teacher equals at least
one hundred seventeen dollars and fifty cents ($117.50) per month
for a person with thirty (30) years of creditable service. The amount
of the benefit must be adjusted actuarially for more or fewer years of
service.
(b) There is annually appropriated to the fund from money not
otherwise appropriated in the state general fund an amount sufficient
to pay the benefits described in this section. As added by P.L.2-2006, SEC.28.
IC 5-10.4-6-5 Supplemental minimum benefit; retirees at least 65 years of age
Sec. 5. (a) A retired member is entitled to a supplemental
retirement benefit to be paid by the fund as long as the member
meets the following conditions:
(1) The member currently receives an annuity, a pension, or
other retirement benefit from the fund.
(2) The member is at least sixty-five (65) years of age.
(3) The amount of all annuities, pensions, and retirement
benefits for which the member is eligible under the federal
Social Security Act is less than two hundred dollars ($200) per
month.
(b) The amount of the supplemental retirement benefit to which
a qualifying retired member is entitled each month is the difference
between two hundred dollars ($200) and the total of all annuities,
pensions, and retirement benefits that the member is eligible to
receive under the federal Social Security Act.
(c) A retired member who:
(1) is not eligible for an annuity, a pension, or a retirement
benefit under the federal Social Security Act; and
(2) qualifies under subsection (a);
is entitled to a supplemental retirement benefit of two hundred
dollars ($200) per month.
(d) The general assembly shall biennially appropriate to the fund
from money not otherwise appropriated in the state general fund the
amount necessary to satisfy this section. As added by P.L.2-2006, SEC.28.
IC 5-10.4-6-6 Postretirement increase payable after June 30, 1978
Sec. 6. (a) In addition to the increase provided in IC 5-10.2-5-6,
the monthly benefit payable after June 30, 1978, to a member, or a
survivor or beneficiary of a member who retired or was disabled:
(1) before July 2, 1962, is increased by three percent (3%);
(2) after July 1, 1962, and before July 2, 1967, is increased by
two percent (2%); and
(3) after July 1, 1967, and before July 2, 1972, is increased by
one percent (1%).
(b) This section does not apply to benefits payable in a lump sum. As added by P.L.2-2006, SEC.28.
IC 5-10.4-6-7 Restriction on charging postretirement increase to annuity reserve
Sec. 7. The costs of postretirement increases for the following
persons may not be charged against the retired teacher annuity
reserve:
(1) A member of the fund who has received a lump sum
payment under IC 5-10.2-4-2.
(2) Survivors and beneficiaries of a member described in
subdivision (1). As added by P.L.2-2006, SEC.28.
IC 5-10.4-6-8 Postretirement increase payable after December 31, 2002
Sec. 8. (a) The pension portion (plus postretirement increases to
the pension portion) provided by employer contributions of the
monthly benefit payable after December 31, 2002, to a member of
the fund (or to a survivor or beneficiary of a member of the fund)
who retired or was disabled:
(1) after July 1, 1995, and before July 2, 2000, shall be
increased by one percent (1%);
(2) after July 1, 1977, and before July 2, 1995, shall be
increased by two percent (2%); and
(3) before July 2, 1977, shall be increased by three percent
(3%).
(b) The increases specified in this section:
(1) are based on the date of the member's latest retirement or
disability;
(2) do not apply to benefits payable in a lump sum; and
(3) are in addition to any other increase provided by law. As added by P.L.2-2006, SEC.28.
IC 5-10.4-6-9 Postretirement increase payable after December 31, 2003
Sec. 9. (a) The pension portion (plus postretirement increases to
the pension portion) provided by employer contributions of the
monthly benefit payable after December 31, 2003, to a member of
the fund (or to a survivor or beneficiary of a member of the fund)
who retired or was disabled:
(1) after July 1, 1996, and before July 2, 2001, shall be
increased by one percent (1%);
(2) after July 1, 1978, and before July 2, 1996, shall be
increased by two percent (2%); and
(3) before July 2, 1978, shall be increased by three percent
(3%).
(b) The increases specified in this section:
(1) are based on the date of the member's latest retirement or
disability;
(2) do not apply to benefits payable in a lump sum; and
(3) are in addition to any other increase provided by law. As added by P.L.2-2006, SEC.28.
IC 5-10.4-6-10 Postretirement increase payable after December 31, 2004
Sec. 10. (a) The pension portion (plus postretirement increases to
the pension portion) provided by employer contributions of the
monthly benefit payable after December 31, 2004, to a member of
the fund (or to a survivor or beneficiary of a member of the fund)
who retired or was disabled:
(1) after July 1, 1996, and before July 2, 2002, shall be
increased by one percent (1%);
(2) after July 1, 1978, and before July 2, 1996, shall be
increased by two percent (2%); and
(3) before July 2, 1978, shall be increased by three percent
(3%).
(b) The increases specified in this section:
(1) are based on the date of the member's latest retirement or
disability;
(2) do not apply to benefits payable in a lump sum; and
(3) are in addition to any other increase provided by law. As added by P.L.2-2006, SEC.28.
IC 5-10.4-6-1 Members retired on July 1, 1967; additional monthly benefit
Sec. 1. (a) In addition to any other benefit received from the fund,
a person who, on July 1, 1967:
(1) received a retirement benefit from the fund; and
(2) did not receive a benefit under the federal Social Security
Act;
shall receive thirty-five dollars ($35) per month.
(b) There is annually appropriated to the fund from money not
otherwise appropriated in the state general fund an amount sufficient
to pay the benefit described in subsection (a). As added by P.L.2-2006, SEC.28.
IC 5-10.4-6-2 Members retired under law enacted before January 1, 1949;
increased benefit
Sec. 2. (a) After July 9, 1949, a member receiving a retirement
benefit under Acts 1915, c.182, or any statute amendatory of or
supplemental to it enacted before January 1, 1949, is eligible, subject
to Acts 1949, c.130, s.2(j), to receive a retirement benefit
approximately equal to the state's proportionate share of a retirement
benefit provided by Acts 1949, c.130 for up to thirty (30) years of
service. These members shall make written application for these
benefits to the board at any time. Applications must be based on the
service record established in the office of the fund on April 1, 1949.
Except as provided under IC 5-10.2-4-7(f), this retirement benefit
must begin on the tenth of the month following acknowledgment of
the application.
(b) The board shall establish, with the advice of the fund's
actuary, a simplified table for computing the increases under this
section for the years of service. The board may provide by resolution
for participation by the members receiving benefits under this section
in the additional annuity fund.
(c) Within a reasonable time, the board shall issue to each
member of the fund a service certificate that includes the following:
(1) The member's name.
(2) The member's last known address.
(3) The member's account number.
(4) The law under which the member is participating in the
fund.
(5) The contribution due from the member.
(6) A certification of the total years of creditable service that
the member has as of a date fixed by the board.
(d) The service certificate described in subsection (c) is final and
conclusive regarding service in the fund. However, a member may,
not later than one (1) year from the issuance or notification of the
certificate, request that the board modify the member's service
certificate. As added by P.L.2-2006, SEC.28. Amended by P.L.115-2009,
SEC.19.
IC 5-10.4-6-3 Members retired under law enacted before January 1, 1951;
increased benefit
Sec. 3. (a) After July 9, 1951, a member receiving or entitled to
receive a retirement benefit that accrued before July 11, 1951, under
Acts 1915, c.182, or any statute amendatory of or supplemental to
Acts 1915, c.182 enacted before January 1, 1951, is eligible to
receive an increase in benefit. This benefit must be, when adjusted
by the board to Acts 1951, c.142, s.2 (j), the equivalent of the
retirement benefit for which the member would be eligible if the
teacher had retired as a member of the fund under Acts 1951, c.142
with the beginning age, years of teaching and equivalent service, and
payments made by the member at retirement.
(b) A member who has completed at least twenty (20) years of
service is eligible to receive a retirement benefit from state sources
of not less than four hundred twenty dollars ($420) a year.
(c) There is appropriated annually to the fund from the state
general fund, in addition to other appropriations for the fund, an
amount sufficient to pay the retirement benefits specified in this
section. As added by P.L.2-2006, SEC.28.
IC 5-10.4-6-4 Minimum benefit after June 30, 1965; members with at least 30
years of creditable service; appropriation
Sec. 4. (a) Beginning July 1, 1965, a person who receives a
retirement benefit shall receive from the fund an amount that when
added to the person's pension benefit derived from state sources and
the person's Social Security benefit earned as a teacher equals at least
one hundred seventeen dollars and fifty cents ($117.50) per month
for a person with thirty (30) years of creditable service. The amount
of the benefit must be adjusted actuarially for more or fewer years of
service.
(b) There is annually appropriated to the fund from money not
otherwise appropriated in the state general fund an amount sufficient
to pay the benefits described in this section. As added by P.L.2-2006, SEC.28.
IC 5-10.4-6-5 Supplemental minimum benefit; retirees at least 65 years of age
Sec. 5. (a) A retired member is entitled to a supplemental
retirement benefit to be paid by the fund as long as the member
meets the following conditions:
(1) The member currently receives an annuity, a pension, or
other retirement benefit from the fund.
(2) The member is at least sixty-five (65) years of age.
(3) The amount of all annuities, pensions, and retirement
benefits for which the member is eligible under the federal
Social Security Act is less than two hundred dollars ($200) per
month.
(b) The amount of the supplemental retirement benefit to which
a qualifying retired member is entitled each month is the difference
between two hundred dollars ($200) and the total of all annuities,
pensions, and retirement benefits that the member is eligible to
receive under the federal Social Security Act.
(c) A retired member who:
(1) is not eligible for an annuity, a pension, or a retirement
benefit under the federal Social Security Act; and
(2) qualifies under subsection (a);
is entitled to a supplemental retirement benefit of two hundred
dollars ($200) per month.
(d) The general assembly shall biennially appropriate to the fund
from money not otherwise appropriated in the state general fund the
amount necessary to satisfy this section. As added by P.L.2-2006, SEC.28.
IC 5-10.4-6-6 Postretirement increase payable after June 30, 1978
Sec. 6. (a) In addition to the increase provided in IC 5-10.2-5-6,
the monthly benefit payable after June 30, 1978, to a member, or a
survivor or beneficiary of a member who retired or was disabled:
(1) before July 2, 1962, is increased by three percent (3%);
(2) after July 1, 1962, and before July 2, 1967, is increased by
two percent (2%); and
(3) after July 1, 1967, and before July 2, 1972, is increased by
one percent (1%).
(b) This section does not apply to benefits payable in a lump sum. As added by P.L.2-2006, SEC.28.
IC 5-10.4-6-7 Restriction on charging postretirement increase to annuity reserve
Sec. 7. The costs of postretirement increases for the following
persons may not be charged against the retired teacher annuity
reserve:
(1) A member of the fund who has received a lump sum
payment under IC 5-10.2-4-2.
(2) Survivors and beneficiaries of a member described in
subdivision (1). As added by P.L.2-2006, SEC.28.
IC 5-10.4-6-8 Postretirement increase payable after December 31, 2002
Sec. 8. (a) The pension portion (plus postretirement increases to
the pension portion) provided by employer contributions of the
monthly benefit payable after December 31, 2002, to a member of
the fund (or to a survivor or beneficiary of a member of the fund)
who retired or was disabled:
(1) after July 1, 1995, and before July 2, 2000, shall be
increased by one percent (1%);
(2) after July 1, 1977, and before July 2, 1995, shall be
increased by two percent (2%); and
(3) before July 2, 1977, shall be increased by three percent
(3%).
(b) The increases specified in this section:
(1) are based on the date of the member's latest retirement or
disability;
(2) do not apply to benefits payable in a lump sum; and
(3) are in addition to any other increase provided by law. As added by P.L.2-2006, SEC.28.
IC 5-10.4-6-9 Postretirement increase payable after December 31, 2003
Sec. 9. (a) The pension portion (plus postretirement increases to
the pension portion) provided by employer contributions of the
monthly benefit payable after December 31, 2003, to a member of
the fund (or to a survivor or beneficiary of a member of the fund)
who retired or was disabled:
(1) after July 1, 1996, and before July 2, 2001, shall be
increased by one percent (1%);
(2) after July 1, 1978, and before July 2, 1996, shall be
increased by two percent (2%); and
(3) before July 2, 1978, shall be increased by three percent
(3%).
(b) The increases specified in this section:
(1) are based on the date of the member's latest retirement or
disability;
(2) do not apply to benefits payable in a lump sum; and
(3) are in addition to any other increase provided by law. As added by P.L.2-2006, SEC.28.
IC 5-10.4-6-10 Postretirement increase payable after December 31, 2004
Sec. 10. (a) The pension portion (plus postretirement increases to
the pension portion) provided by employer contributions of the
monthly benefit payable after December 31, 2004, to a member of
the fund (or to a survivor or beneficiary of a member of the fund)
who retired or was disabled:
(1) after July 1, 1996, and before July 2, 2002, shall be
increased by one percent (1%);
(2) after July 1, 1978, and before July 2, 1996, shall be
increased by two percent (2%); and
(3) before July 2, 1978, shall be increased by three percent
(3%).
(b) The increases specified in this section:
(1) are based on the date of the member's latest retirement or
disability;
(2) do not apply to benefits payable in a lump sum; and
(3) are in addition to any other increase provided by law. As added by P.L.2-2006, SEC.28.
IC 5-10.4-6-1 Members retired on July 1, 1967; additional monthly benefit
Sec. 1. (a) In addition to any other benefit received from the fund,
a person who, on July 1, 1967:
(1) received a retirement benefit from the fund; and
(2) did not receive a benefit under the federal Social Security
Act;
shall receive thirty-five dollars ($35) per month.
(b) There is annually appropriated to the fund from money not
otherwise appropriated in the state general fund an amount sufficient
to pay the benefit described in subsection (a). As added by P.L.2-2006, SEC.28.
IC 5-10.4-6-2 Members retired under law enacted before January 1, 1949;
increased benefit
Sec. 2. (a) After July 9, 1949, a member receiving a retirement
benefit under Acts 1915, c.182, or any statute amendatory of or
supplemental to it enacted before January 1, 1949, is eligible, subject
to Acts 1949, c.130, s.2(j), to receive a retirement benefit
approximately equal to the state's proportionate share of a retirement
benefit provided by Acts 1949, c.130 for up to thirty (30) years of
service. These members shall make written application for these
benefits to the board at any time. Applications must be based on the
service record established in the office of the fund on April 1, 1949.
Except as provided under IC 5-10.2-4-7(f), this retirement benefit
must begin on the tenth of the month following acknowledgment of
the application.
(b) The board shall establish, with the advice of the fund's
actuary, a simplified table for computing the increases under this
section for the years of service. The board may provide by resolution
for participation by the members receiving benefits under this section
in the additional annuity fund.
(c) Within a reasonable time, the board shall issue to each
member of the fund a service certificate that includes the following:
(1) The member's name.
(2) The member's last known address.
(3) The member's account number.
(4) The law under which the member is participating in the
fund.
(5) The contribution due from the member.
(6) A certification of the total years of creditable service that
the member has as of a date fixed by the board.
(d) The service certificate described in subsection (c) is final and
conclusive regarding service in the fund. However, a member may,
not later than one (1) year from the issuance or notification of the
certificate, request that the board modify the member's service
certificate. As added by P.L.2-2006, SEC.28. Amended by P.L.115-2009,
SEC.19.
IC 5-10.4-6-3 Members retired under law enacted before January 1, 1951;
increased benefit
Sec. 3. (a) After July 9, 1951, a member receiving or entitled to
receive a retirement benefit that accrued before July 11, 1951, under
Acts 1915, c.182, or any statute amendatory of or supplemental to
Acts 1915, c.182 enacted before January 1, 1951, is eligible to
receive an increase in benefit. This benefit must be, when adjusted
by the board to Acts 1951, c.142, s.2 (j), the equivalent of the
retirement benefit for which the member would be eligible if the
teacher had retired as a member of the fund under Acts 1951, c.142
with the beginning age, years of teaching and equivalent service, and
payments made by the member at retirement.
(b) A member who has completed at least twenty (20) years of
service is eligible to receive a retirement benefit from state sources
of not less than four hundred twenty dollars ($420) a year.
(c) There is appropriated annually to the fund from the state
general fund, in addition to other appropriations for the fund, an
amount sufficient to pay the retirement benefits specified in this
section. As added by P.L.2-2006, SEC.28.
IC 5-10.4-6-4 Minimum benefit after June 30, 1965; members with at least 30
years of creditable service; appropriation
Sec. 4. (a) Beginning July 1, 1965, a person who receives a
retirement benefit shall receive from the fund an amount that when
added to the person's pension benefit derived from state sources and
the person's Social Security benefit earned as a teacher equals at least
one hundred seventeen dollars and fifty cents ($117.50) per month
for a person with thirty (30) years of creditable service. The amount
of the benefit must be adjusted actuarially for more or fewer years of
service.
(b) There is annually appropriated to the fund from money not
otherwise appropriated in the state general fund an amount sufficient
to pay the benefits described in this section. As added by P.L.2-2006, SEC.28.
IC 5-10.4-6-5 Supplemental minimum benefit; retirees at least 65 years of age
Sec. 5. (a) A retired member is entitled to a supplemental
retirement benefit to be paid by the fund as long as the member
meets the following conditions:
(1) The member currently receives an annuity, a pension, or
other retirement benefit from the fund.
(2) The member is at least sixty-five (65) years of age.
(3) The amount of all annuities, pensions, and retirement
benefits for which the member is eligible under the federal
Social Security Act is less than two hundred dollars ($200) per
month.
(b) The amount of the supplemental retirement benefit to which
a qualifying retired member is entitled each month is the difference
between two hundred dollars ($200) and the total of all annuities,
pensions, and retirement benefits that the member is eligible to
receive under the federal Social Security Act.
(c) A retired member who:
(1) is not eligible for an annuity, a pension, or a retirement
benefit under the federal Social Security Act; and
(2) qualifies under subsection (a);
is entitled to a supplemental retirement benefit of two hundred
dollars ($200) per month.
(d) The general assembly shall biennially appropriate to the fund
from money not otherwise appropriated in the state general fund the
amount necessary to satisfy this section. As added by P.L.2-2006, SEC.28.
IC 5-10.4-6-6 Postretirement increase payable after June 30, 1978
Sec. 6. (a) In addition to the increase provided in IC 5-10.2-5-6,
the monthly benefit payable after June 30, 1978, to a member, or a
survivor or beneficiary of a member who retired or was disabled:
(1) before July 2, 1962, is increased by three percent (3%);
(2) after July 1, 1962, and before July 2, 1967, is increased by
two percent (2%); and
(3) after July 1, 1967, and before July 2, 1972, is increased by
one percent (1%).
(b) This section does not apply to benefits payable in a lump sum. As added by P.L.2-2006, SEC.28.
IC 5-10.4-6-7 Restriction on charging postretirement increase to annuity reserve
Sec. 7. The costs of postretirement increases for the following
persons may not be charged against the retired teacher annuity
reserve:
(1) A member of the fund who has received a lump sum
payment under IC 5-10.2-4-2.
(2) Survivors and beneficiaries of a member described in
subdivision (1). As added by P.L.2-2006, SEC.28.
IC 5-10.4-6-8 Postretirement increase payable after December 31, 2002
Sec. 8. (a) The pension portion (plus postretirement increases to
the pension portion) provided by employer contributions of the
monthly benefit payable after December 31, 2002, to a member of
the fund (or to a survivor or beneficiary of a member of the fund)
who retired or was disabled:
(1) after July 1, 1995, and before July 2, 2000, shall be
increased by one percent (1%);
(2) after July 1, 1977, and before July 2, 1995, shall be
increased by two percent (2%); and
(3) before July 2, 1977, shall be increased by three percent
(3%).
(b) The increases specified in this section:
(1) are based on the date of the member's latest retirement or
disability;
(2) do not apply to benefits payable in a lump sum; and
(3) are in addition to any other increase provided by law. As added by P.L.2-2006, SEC.28.
IC 5-10.4-6-9 Postretirement increase payable after December 31, 2003
Sec. 9. (a) The pension portion (plus postretirement increases to
the pension portion) provided by employer contributions of the
monthly benefit payable after December 31, 2003, to a member of
the fund (or to a survivor or beneficiary of a member of the fund)
who retired or was disabled:
(1) after July 1, 1996, and before July 2, 2001, shall be
increased by one percent (1%);
(2) after July 1, 1978, and before July 2, 1996, shall be
increased by two percent (2%); and
(3) before July 2, 1978, shall be increased by three percent
(3%).
(b) The increases specified in this section:
(1) are based on the date of the member's latest retirement or
disability;
(2) do not apply to benefits payable in a lump sum; and
(3) are in addition to any other increase provided by law. As added by P.L.2-2006, SEC.28.
IC 5-10.4-6-10 Postretirement increase payable after December 31, 2004
Sec. 10. (a) The pension portion (plus postretirement increases to
the pension portion) provided by employer contributions of the
monthly benefit payable after December 31, 2004, to a member of
the fund (or to a survivor or beneficiary of a member of the fund)
who retired or was disabled:
(1) after July 1, 1996, and before July 2, 2002, shall be
increased by one percent (1%);
(2) after July 1, 1978, and before July 2, 1996, shall be
increased by two percent (2%); and
(3) before July 2, 1978, shall be increased by three percent
(3%).
(b) The increases specified in this section:
(1) are based on the date of the member's latest retirement or
disability;
(2) do not apply to benefits payable in a lump sum; and
(3) are in addition to any other increase provided by law. As added by P.L.2-2006, SEC.28.
