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IN SB0034
Bill
AI Summary
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Allows the Indiana Public Retirement System board to disclose member financial records, including annuity savings account balances, from the public employees' retirement fund and teachers' retirement fund to the member's employer or the employer's designated representative
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Employers receiving confidential pension information must agree to maintain confidentiality and use the information only for fund administration or providing retirement counseling to the member
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Maintains existing confidentiality protections for individual member records, with only member names and years of service remaining public information
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Effective date: July 1, 2012
Legislative Description
Confidential public pension information.
Last Action
First reading: referred to Committee on Pensions and Labor
1/4/2012