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IN HB1048
Bill
Status
Passed
5/16/2011
Primary Sponsor
David Niezgodski
Click for details
AI Summary
- Removes the requirement for the Public Employees' Retirement Fund (PERF) board to establish its own code of ethics or choose jurisdiction under the state ethics commission
- Creates a new process for 1977 Police Officers' and Firefighters' Pension Fund members receiving disability benefits to apply for a determination that their covered impairment was duty-related, including injuries sustained on duty, occupational diseases, or duty-related diseases
- Modifies the Deferred Retirement Option Plan (DROP) provisions to allow members who entered DROP before July 1, 2011, to elect a partial lump sum distribution, with their retirement benefits calculated as if they had never entered DROP
- Authorizes one-time payments of $125 to $400 to participants in the state excise police, gaming agent, gaming control officer, and conservation enforcement officers' retirement plan who retired or were disabled on or before December 1, 2009, based on their years of creditable service
- Repeals various statutory provisions across multiple Indiana Code sections effective July 1, 2011
Legislative Description
Public pension funds.
Last Action
SECTION 6 effective 05/10/2011
5/16/2011
Full Bill Text
No bill text available