Teachers' retirement fund; benefit increase payable after

December 31, 2008 Sec. 43.4. (a) The pension portion (plus postretirement increases to the pension portion) provided by employer contributions of the monthly benefit payable after December 31, 2008, to a member of the Indiana state teachers' retirement fund (or to a survivor or beneficiary of a member of the Indiana state teachers' retirement fund) who retired or was disabled: (1) before July 2, 2000, shall be increased by two percent (2%); and (2) after July 1, 2000, and before July 2, 2006, shall be increased by one percent (1%). (b) The increases specified in this section: (1) are based upon 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.124-2008, SEC.3.