IN HB1094 | 2017 | Regular Session
Status
Spectrum: Slight Partisan Bill (Republican 2-1)
Status: Introduced on January 5 2017 - 25% progression, died in committee
Action: 2017-01-10 - Representatives Forestal and Carbaugh added as coauthors
Pending: House Employment, Labor and Pensions Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 5 2017 - 25% progression, died in committee
Action: 2017-01-10 - Representatives Forestal and Carbaugh added as coauthors
Pending: House Employment, Labor and Pensions Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Deferred retirement option plan for PERF and TRF. Establishes a deferred retirement option plan (DROP) for members of the public employees' retirement fund (PERF) and the Indiana state teachers' retirement fund (TRF), excluding elected officials of the state or a political subdivision. Provides that a member of PERF or TRF who is employed in a covered position and is eligible to receive an unreduced retirement benefit under the provisions of the fund to which the member belongs may make an election to enter the DROP. Provides that a member who enters the DROP: (1) shall execute an irrevocable election to
Title
Deferred retirement option plan for PERF and TRF. Establishes a deferred retirement option plan (DROP) for members of the public employees' retirement fund (PERF) and the Indiana state teachers' retirement fund (TRF), excluding elected officials of the state or a political subdivision. Provides that a member of PERF or TRF who is employed in a covered position and is eligible to receive an unreduced retirement benefit under the provisions of the fund to which the member belongs may make an election to enter the DROP. Provides that a member who enters the DROP: (1) shall execute an irrevocable election to
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2017-01-10 | House | Representatives Forestal and Carbaugh added as coauthors |
| 2017-01-05 | House | First reading: referred to Committee on Employment, Labor and Pensions |
| 2017-01-05 | House | Authored by Representative Burton |
Indiana State Sources
| Type | Source |
|---|---|
| Summary | https://iga.in.gov/legislative/2017/bills/house/1094/details |
| Text | http://iga.in.gov/static-documents/a/9/f/0/a9f0be8a/HB1094.01.INTR.pdf |
