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IN HB1420

Bill

Official Source

Status

Introduced

1/8/2026

Primary Sponsor

Philip GiaQuinta

Click for details

Origin

House of Representatives

2026 Regular Session

AI Summary

  • Courts may order assignment or garnishment of all or part of a public employees' retirement fund member's monthly pension benefits to another party in a divorce proceeding
  • Creates an exception to existing statutes (IC 5-10.3-8 sections 9 and 10) that currently restrict assignment of pension benefits
  • The retirement fund board must pay court-ordered amounts directly to the parties specified in the divorce decree in the proportionate amounts required
  • Applies to benefits the member is currently entitled to receive or was previously entitled to receive
  • Effective July 1, 2026

Legislative Description

Assignment of public employee pensions.

Last Action

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

1/8/2026

Committee Referrals

Employment, Labor and Pensions1/8/2026

Full Bill Text

No bill text available