19-5-901. Guaranteed annual benefit adjustment

19-5-901. Guaranteed annual benefit adjustment. (1) Subject to subsection (2), on January 1 of each year, the permanent monthly benefit payable during the preceding January to each recipient who is eligible under subsection (3) must be increased by 3%. (2) (a) If a recipient’s benefit payable during the preceding January has been increased by one or more adjustments […]

19-5-902. Election — guaranteed annual benefit adjustment

19-5-902. Election — guaranteed annual benefit adjustment. (1) Subject to subsection (2), on January 1 of each year, the permanent monthly benefit payable during the preceding January to each recipient who is eligible under subsection (3) must be increased by 3%. (2) (a) If a recipient’s benefit payable during the preceding January has been increased by one or […]