Section 401. Entitlement to 2002 special ad hoc postretirement adjustment.
A municipal retirement system shall pay a retired police officer or firefighter a special ad hoc postretirement adjustment under this chapter if all of the following apply:
(1) The retiree has terminated active employment with the municipality as a police officer or firefighter.
(2) The retiree is receiving a retirement benefit from a municipal retirement system on the basis of active employment with the municipality as a police officer or firefighter.
(3) The retiree began receiving the retirement benefit before January 1, 1996.
(401 added June 19, 2002, P.L.434, No.64)
Compiler's Note: Section 10 of Act 64 of 2002, which added section 401, provided that the special ad hoc postretirement adjustment under section 401 is effective on the date of the first retirement benefit made after June 30, 2002. If the special ad hoc postretirement adjustment under section 401 is not included in the initial retirement benefit payment occurring after June 30, 2002, the special ad hoc postretirement adjustment shall be included as soon as practicable in the retirement benefit payment of the retiree, and the initial retirement benefit payment that includes the special ad hoc postretirement adjustment also shall include the total amount of the special ad hoc postretirement adjustments previously omitted from the retirement benefit payments made after June 30, 2002.