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IN HB1098
Bill
Status
1/5/2017
Primary Sponsor
Charles Burton
Click for details
AI Summary
HB 1098 Summary
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Provides one-time thirteenth check payments in 2017 to retired or disabled members of five Indiana pension systems who retired/were disabled on or before December 1, 2016, and receive benefits as of July 1, 2017.
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Payment amounts vary by creditable service: ranges from $125-$450 for excise/gaming/conservation officers' plan, $150-$450 for state teachers' and public employees' retirement funds, and amounts based on 1% of maximum trooper pension for state police beneficiaries, plus $25-$50 based on monthly benefit level.
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Payments must be made by October 1, 2017, and are explicitly not increases to pension amounts; multiple survivors/beneficiaries receive proportional shares based on existing benefit distribution percentages.
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Funds must use budgeted appropriations for payments, only using employer contributions if appropriated amounts are insufficient.
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All sections expire January 1, 2018.
Legislative Description
Pension thirteenth checks. Provides for a thirteenth check in 2017 for certain members of the: (1) Indiana state teachers' retirement fund; (2) public employees' retirement fund; (3) state excise police, gaming agent, gaming control officer, and conservation enforcement officers' retirement plan; (4) state police pre-1987 benefit system; and (5) state police 1987 benefit system. (The introduced version of this bill was prepared by the interim study committee on pension management oversight.)
Last Action
First reading: referred to Committee on Employment, Labor and Pensions
1/5/2017