| HB1074 | PENSION THIRTEENTH CHECKS. (BURTON W) Provides for a thirteenth check for certain members of the: (1) Indiana state teachers' retirement fund; (2) public employees' retirement fund; (3) state excise police, gaming agent, gaming control officer, and conservation enforcement officers' retirement fund; (4) state police 1987 benefits system; and (5) certain members of the pre-1987 state police benefit system. |
| | Current Status: | 3/26/2014 - SIGNED BY GOVERNOR
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| | Recent Status: | 3/20/2014 - Received by the Governor
3/13/2014 - Signed by the Speaker
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| HB1075 | PUBLIC PENSIONS. (BURTON W) Provides that the board of trustees (board) of the Indiana public retirement system may not, before January 1, 2017, enter into an agreement with a third party provider to provide annuities to retiring and retired members of the public employees' retirement fund (PERF) and the teachers' retirement fund (TRF). Specifies the interest rate used to determine the annuity amount is: (1) 5.75%, after September 30, 2014, and before October 1, 2015 and (2) the greater of: (A) the interest rate for similar annuities being purchased in the private market as determined by the board; or (B) 4.5%; after September 30, 2015, and before January 1, 2017. Provides that, after December 31, 2016, whenever the board enters into an agreement with a third party provider, the interest rate used to determine the annuity amount is equal to the rate for similar annuities being purchased in the private market as recommended by the third party provider. Removes language terminating an annual pension paid to the surviving spouse of a governor if the surviving spouse remarries. Increases from 3% to 5% the maximum percentage of a state employee's base salary that may be deducted as an automatic contribution to the state's deferred compensation plan. |
| | Current Status: | 3/26/2014 - SIGNED BY GOVERNOR
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| | Recent Status: | 3/20/2014 - Received by the Governor
3/13/2014 - Rules Suspended. Conference Committee Report 1 adopted; Roll Call 525: yeas 89 and nays 0
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| SB117 | LUMP SUM PAYMENT OF ASA CONTRIBUTIONS. (YOUNG M) Provides that contributions posted to a public employees' retirement fund (PERF) or teachers' retirement fund (TRF) member's annuity savings account (ASA) after the final date on which the PERF or TRF member's retirement benefit is processed may be distributed to the member as determined by the rules of the board of trustees (board) of the Indiana public retirement system. Removes a requirement that these contributions be paid as a lump sum. Requires the board to obtain the member's consent to the form of the distribution if the amount exceeds $1,000. |
| | Current Status: | 3/14/2014 - SIGNED BY GOVERNOR
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| | Recent Status: | 3/5/2014 - Signed by the President Pro Tempore
3/5/2014 - Signed by the Speaker
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| SB209 | PUBLIC EMPLOYEE CONTRIBUTIONS TO ASA ONLY PENSION PLAN. (WALKER G) Permits a member of the public employees' defined contribution plan (ASA only plan) to make contributions to the ASA only plan in addition to the required contribution of 3% of the member's compensation paid by the state on behalf of the member each year. Provides that additional contributions to the ASA only plan are made on the same basis and subject to the same limitations as additional contributions made by a member of the public employees' retirement fund. |
| | Current Status: | 3/13/2014 - SIGNED BY GOVERNOR
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| | Recent Status: | 3/6/2014 - Received by Governor
3/4/2014 - Signed by the President of the Senate
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