Indiana Administrative Code
Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM
Article 1.2 - PUBLIC EMPLOYEES' RETIREMENT FUND
Rule 8 - Cost-of-Living Adjustment
Section 8-2 - Formula
Universal Citation: 35 IN Admin Code 8-2
Current through December 25, 2024
Authority: IC 5-10.5-4-2
Affected: IC 5-10.2-5-29; IC 5-10.2-5-30
Sec. 2.
(a) The elements established in section 1 of this rule shall be used in the formula in subsection (b).
(b) Compare the cumulative Consumer Price Index increase for an affected group to the cumulative postretirement cost-of-living adjustments for that group, as determined under section 1 of this rule, and increase that group's pension portion by the percentage (if any) determined by the fund actuary, as necessary to reach the minimum purchasing power established by the Indiana general assembly, for example:
(1) fifty percent (50%)
for 1999; and
(2) fifty-seven and
four-tenths percent (57.4%) for 2000.
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