Bill Title: Supplemental allowance reserve accounts. Establishes supplemental allowance reserve accounts (reserve account) within the legislators' defined benefit plan, the state excise police, gaming agent, gaming control officer, and conservation enforcement officers' retirement plan (EGC), the public employees' retirement fund (PERF), and the pre-1996 and 1996 accounts of the Indiana state teachers' retirement fund (TRF) for the purpose of paying cost of living adjustments, thirteenth checks, and other benefit changes or adjustments granted by the general assembly after June 30, 2017. Requires that, after June 30, 2017, the state lottery commission (commission) distribute each quarter $7.5 million of the surplus revenue from

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2017-01-12 - First reading: referred to Committee on Pensions and Labor [SB0441 Detail]

Text: Latest bill text (Introduced) [PDF]

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