IN HB1481

Legislative Description

Public retirement plans. Provides that a political subdivision that participates in the public employees' retirement fund (fund) may participate in the public employees' defined contribution plan (plan), if the governing body adopts an ordinance or resolution that is filed with and approved by the board of trustees of the Indiana public retirement system (board). Provides that an individual who begins employment in a covered position with a political subdivision that participates in the plan may elect to become a member of the plan. Provides that, if an individual does not make an election to become a member of the plan,

Last Action

Committee Referrals