Indiana House Bill 1261

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 9 2024 - 25% progression
Action: 2024-01-09 - First reading: referred to Committee on Employment, Labor and Pensions
Pending: House Employment, Labor and Pensions Committee
Text: Latest bill text (Introduced) [PDF]

Deferred retirement option plan. Allows a member of the 1925 police pension fund, 1937 firefighters' pension fund, 1953 police pension fund (Indianapolis), or 1977 police officers' and firefighters' pension and disability fund to withdraw from the deferred retirement option plan (DROP) and make an election to enter the DROP for a second time not earlier than three years after the date the member withdrew from the DROP. Provides that a member may make an election to enter the DROP only twice in the member's lifetime.

Deferred retirement option plan.

Rep. Vernon Smith [D]

Date	Chamber	Action
2024-01-09	House	First reading: referred to Committee on Employment, Labor and Pensions
2024-01-09	House	Authored by Representative Smith V

Type	Source
Summary	https://iga.in.gov/legislative/2024/bills/house/1261/details
Text	https://iga.in.gov/pdf-documents/123/2024/house/bills/HB1261/HB1261.01.INTR.pdf
Supplement	https://iga.in.gov/pdf-documents/123/2024/house/bills/HB1261/fiscal-notes/HB1261.01.INTR.FN001.pdf