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IN SR0053

Resolution

Official Source

Status

Prefiled

N/A

Primary Sponsor

Karen Tallian

Click for details

Origin

Senate

2016 Regular Session

AI Summary

  • Indiana law currently allows Public Employees' Retirement Fund (PERF) members to elect participation in a defined contribution retirement plan

  • Once a member makes an election to participate in a defined contribution plan, that election cannot be reversed

  • The Senate urges the legislative council to assign the interim study committee on Pension Management and Oversight to study election into defined contribution plans

  • Study should examine when elections should be made and whether a grace period should be available for members to withdraw from such plans

Legislative Description

A SENATE RESOLUTION urging the interim study committee on Pension Management Oversight to study election into a defined contribution plan by teachers and members of PERF.

Full Bill Text

No bill text available