Citations Affected: IC 33-13-10.1-15.
Synopsis: COLA for judges' pensions. Requires the benefits payable
to participants, survivors, and beneficiaries under the 1985 benefit
system of the judges' retirement fund to be increased by the same
percentages and under the same conditions as benefits are increased for
members of the public employees' retirement fund (PERF).
Effective: July 1, 2002.
January 10, 2002, read first time and referred to Committee on Pensions and Labor.
A BILL FOR AN ACT to amend the Indiana Code concerning
SECTION 1. IC 33-13-10.1-15 IS ADDED TO THE INDIANA CODE AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2002]: Sec. 15. Subject to section 13 of this chapter, the monthly benefit payable under this chapter after June 30, 2002, to participants, survivors, and beneficiaries shall be increased by the same percentages and under the same conditions as monthly benefits are increased under IC 5-10.2-5 for members of the public employees' retirement fund and their survivors and beneficiaries.