IN SB0012 | 2011 | Regular Session

Status

Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Passed on May 17 2011 - 100% progression
Action: 2011-05-18 - SECTION 22 effective 04/15/2011
Text: Latest bill text (Enrolled) [HTML]

Summary

Removes a provision requiring the teachers' retirement fund (TRF) to maintain separate accounts for each employer within the retirement allowance account of the 1996 account. Permits a member of the public employees' retirement fund (PERF) or TRF who is eligible for an early retirement to withdraw the member's annuity savings account without applying for a retirement benefit. Requires, after December 31, 2011, that an employer of participants in: (1) the state excise police, gaming agent, gaming control officer, and conservation enforcement officers' retirement fund; (2) the judges' retirement system; (3) the prosecuting attorneys' retirement fund (PARF); and (4) the 1977 police officers' and firefighters' pension and disability fund (1977 Fund); submit contributions, reports, and records electronically. Authorizes the PERF board of trustees to establish due dates for contributions, reports, and records submitted by an employer. Permits an administrative law judge, for cause shown, to order the waiver or extension of the 180-day limit in which the PERF board of trustees is required to issue a final order after the date the PERF board receives a local board's initial disability determination or the PERF director initiates a review of a default disability award for a 1977 Fund member. Makes technical corrections to remove references to the auditor of state in connection with the administration of PERF. Codifies P.L.33-2006, Section 4, concerning PARF and repeals the noncode provision. Makes technical corrections in conformity with amendments in P.L.22-1998 to the 1977 Fund that reduced from 55 to 52 the age at which a fund member reaches regular retirement status. (The introduced version of this bill was prepared by the pension management oversight commission.)

Tracking Information

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Title

PERF and TRF administrative matters.

Sponsors


Roll Calls

2011-04-04 - House - House - Third reading: passed (Y: 93 N: 0 NV: 1 Abs: 6) [PASS]
Senate - Senate - (Y: 47 N: 0 NV: 0 Abs: 3) [PASS]

History

DateChamberAction
2011-05-18 SECTION 22 effective 04/15/2011
2011-05-18 SECTIONS 12 through 21 effective 07/01/2011
2011-05-18 SECTION 11 effective 04/15/2011
2011-05-18 SECTIONS 1 through 10 effective 07/01/2011
2011-05-17 Public Law 13
2011-04-15 Signed by the Governor
2011-04-12 Signed by the President of the Senate
2011-04-08 Signed by the Speaker
2011-04-07 Signed by the President Pro Tempore
2011-04-04 Returned to the Senate without amendments
2011-04-04 Third reading: passed; Roll Call 397: yeas 93, nays 0
2011-03-31 Second reading: ordered engrossed
2011-03-29 Committee report: do pass, adopted
2011-03-28 First reading: referred to Committee on Employment, Labor and Pensions
2011-01-20 Senators Kruse and Randolph added as coauthors
2011-01-20 Cosponsor: Rep. Niezgodski
2011-01-20 House sponsor: Rep. Crouch
2011-01-20 Referred to the House
2011-01-20 Third reading: passed; Roll Call 13: yeas 47 and nays 0
2011-01-18 Senator Buck added as second author
2011-01-18 Second reading: ordered engrossed
2011-01-12 Committee report: amend do pass, adopted
2011-01-10 Senator Tallian added as coauthor
2011-01-05 First reading: referred to Committee on Pensions and Labor
2011-01-05 Authored by Senator Boots

Indiana State Sources


Bill Comments

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