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IN HB1246

Bill

Official Source

Status

Introduced

1/10/2017

Primary Sponsor

Michael Karickhoff

Click for details

Origin

House of Representatives

2017 Regular Session

AI Summary

  • Increases the monthly pension benefit by 2% for retired members of the Indiana state teachers' retirement fund who retired or became disabled before January 1, 2017
  • Applies to benefits payable after December 31, 2017, including the pension portion and any postretirement increases funded by employer contributions
  • Increase is based on the date of the member's latest retirement or disability
  • Does not apply to benefits payable in lump sum form
  • Takes effect July 1, 2017

Legislative Description

Cost of living adjustment for retired teachers. Provides for a 2% cost of living adjustment for retired members of the Indiana state teachers' retirement fund.

Last Action

First reading: referred to Committee on Employment, Labor and Pensions

1/10/2017

Committee Referrals

Employment, Labor and Pensions1/10/2017

Full Bill Text

No bill text available