Retirement Related Bills
Prepared by: Keith Clock
Phone: 317-407-7885
E-mail: kclock@ista-in.org
Report created on March 28, 2024
 
HB1059SURVIVOR BENEFITS. (CARBAUGH M) Provides that a surviving spouse or a surviving dependent of a member of the public employees' retirement fund (PERF) or the Indiana state teachers' retirement fund (TRF) who dies after June 30, 2018, and before the member retires from PERF or TRF is entitled to a survivor benefit, regardless of whether the member dies in service in a position covered by PERF or TRF or out of service, if: (1) the member has at least 10 years of creditable service; and (2) the surviving spouse or surviving dependent otherwise qualifies for the benefit. Makes conforming changes. (The introduced version of this bill was prepared by the interim study committee on pension management oversight.)
 Current Status:   5/2/2019 - SIGNED BY GOVERNOR
 Recent Status:   4/24/2019 - Conference Committee Report Adopted (S) Report 1: adopted by the Senate; Roll Call 593: yeas 49, nays 0; Rules Suspended
4/24/2019 - Conference Committee Report Adopted (H) Report 1: adopted by the House; Roll Call 616: yeas 96, nays 0; Rules Suspended
 State Bill Page:   HB1059
 
SB22PENSION MATTERS. (BOOTS P) Makes additional conforming changes with previous legislation for the purpose of allowing a retired member of PERF or TRF to make partial withdrawals from the member's annuity savings account. Rephrases provisions concerning the election to begin receiving PERF or TRF benefits while employed that applies to certain elected officials and other employees who have attained the age of 70. Rephrases the method for calculating service credit for leaves of absence taken by PERF members. Provides that money in the pension relief fund may be used for reasonable administrative expenses approved by the Indiana public retirement system. Rephrases certain provisions in the statutes governing the public employees' defined contribution plan and the teachers' defined contribution plan to remove references to the annuity savings accounts in PERF and TRF, which are no longer used to implement the two defined contribution plans. Adds the public employees' defined contribution plan and the teachers' defined contribution plan to the list of public pension and retirement funds that comprise the Indiana public retirement system. Provides that assets of the judges' retirement system and the prosecuting attorneys retirement fund are exempt from legal process and that a member may assign benefit payments only for certain medical insurance premiums and association dues for certain associations. Specifies that any postretirement benefit increase to the PERF part of a prosecuting attorney's retirement benefit has no effect on the part of the retirement benefit that is paid from the prosecuting attorneys retirement fund. Makes clarifying additions to certain provisions of the 1977 police officers' and firefighters' pension and disability fund relating to the purchase of service credit by or on behalf of members. (The introduced version of this bill was prepared by the interim study committee on pension management oversight.)
 Current Status:   4/18/2019 - Public Law 27
 Recent Status:   4/18/2019 - SIGNED BY GOVERNOR
4/17/2019 - Signed by the President of the Senate
 State Bill Page:   SB22
 
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