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IN SB0545
Bill
Status
4/10/2019
Primary Sponsor
Victoria Spartz
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AI Summary
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Public pension and retirement fund administrators must submit reports on stress tests and risk assessments, including sensitivity analyses of funding status, to the interim study committee on pension management oversight before November 1 of the following fiscal year.
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The Indiana Public Retirement System director must report on any stress tests performed on public pension and retirement funds administered by the system.
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The Indiana State Police Pension Trust trustee must report on any stress tests performed on that trust fund.
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Reports must be submitted electronically, and administrators must present summaries to the committee upon request from the chairman.
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Effective July 1, 2019, applying to stress tests and risk assessments performed during fiscal years beginning after June 30, 2018.
Legislative Description
Reports on stress tests and risk assessments. Provides that: (1) the executive director of the Indiana public retirement system; and (2) the trustee of the Indiana state police pension trust; shall report to the interim study committee on pension management oversight on any stress tests or sensitivity analyses performed during a state fiscal year on the pension funds under their respective administration.
Last Action
Public Law 20
4/10/2019