35 IAC 1.2-8-1 Calculation

Sec. 1. A cost-of-living adjustment based on purchasing power replacement shall be calculated using the following elements for determinations made as of July 1: (1) The Consumer Price Index-W from the prior March 31 shall be used. (2) For comparative purposes, the appropriate prior years' March 31 Consumer Price Index-W numbers shall be used. (3) Retirees will be grouped (based on their latest retirement or disability date) by twelve (12) month periods running from July 2 through the following July 1. A single net adjustment percentage shall be calculated for each such group. (4) Minimum and maximum amounts in prior postretirement adjustments shall not be taken into account. (5) So-called "13th checks" shall not be taken into account.