Restriction on Charging Postretirement Increase to Annuity Reserve

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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).

[Pre-2006 Education Finance Recodification Citation: 5-10.2-5-18.]

As added by P.L.2-2006, SEC.28.


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