Indiana Senate Bill 30 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Passed on March 25 2010 - 100% progression
Action: 2010-03-25 - Sections 7 through 15 effective 07/01/2010
Text: Latest bill text (Enrolled) [HTML]

Provides that certain members of the public employees' retirement fund (PERF) and the Indiana teachers' retirement fund (TRF) may withdraw the member's annuity savings account (ASA) if the member has separated employment and is not employed in a covered position for 30 days. (Current law provides that such members must have separated employment and not be in a covered position for 90 days.) Removes the requirement that certain members must be either a member of: (1) PERF after December 31, 2008; or (2) TRF after June 30, 2009; in order to request a distribution from the member's ASA. Authorizes the PERF and TRF to adopt rules to allow a member that designates more than one beneficiary to allocate benefit shares in percentage increments. Provides that, before July 1, 2012, an active member of the 1977 police officers' and firefighters' pension and disability fund (1977 fund) who is eligible to receive an unreduced retirement benefit may elect to receive at retirement a partial lump sum distribution equal to the member's monthly benefit times the member's years of creditable service in exchange for an actuarially reduced monthly benefit. Provides that an annual cost of living adjustment for monthly retirement benefits received by a member or survivor of the 1977 fund may not be used to decrease the member's monthly benefit. Requires the PERF board of trustees, one time before January 1, 2015, and every five years thereafter, to evaluate statewide physical and mental examination standards used by the 1977 fund. Eliminates references to the treasurer of state's duties concerning the following pension funds administered by the public employees' retirement fund (PERF): (1) Legislators' retirement system. (2) Judges' retirement system. (3) Prosecuting attorneys retirement fund. (4) 1977 police officers' and firefighters' retirement and disability fund. (In 2009 the treasurer of state's role as treasurer of PERF was eliminated and those duties were assigned to the PERF board and executive director.) Provides that a PERF or TRF member may petition the board of trustees of the member's fund (board) to correct an error in a determination of the member's: (1) creditable service; or (2) benefit; at any time. Provides that if the board does not find an error in the determination and the member petitioned the board within six years after the determination, the member may appeal the board's decision under the administrative orders and procedures law. Updates language concerning the TRF board's distribution of TRF's investment earnings. Makes a technical correction to resolve conflicting language. (The introduced version of this bill was prepared by the pension management oversight commission.)

Various PERF and TRF matters.

Sen. James Arnold [D]	Sen. Philip Boots [R]	Sen. James Buck [R]	Sen. Bob Deig [D]
Sen. Karen Tallian [D]

Date	Chamber	Action
2010-03-25		Sections 7 through 15 effective 07/01/2010
2010-03-25		Section 6 effective 03/24/2010
2010-03-25		Sections 3 through 5 effective 07/01/2010
2010-03-25		Section 2 effective 03/24/2010
2010-03-25		Section 1 effective 07/01/2010
2010-03-25		Public Law 99
2010-03-24		Signed by the Governor
2010-03-19		Signed by the President of the Senate
2010-03-16		Signed by the Speaker
2010-03-12		Signed by the President Pro Tempore
2010-03-10		Conference committee report 1 : adopted by the House; Roll Call 314: Yeas 93, Nays 0
2010-03-05		Conference committee report 1 : adopted by the Senate; Roll Call 276: Yeas 50, Nays 0
2010-03-04		Rules suspended
2010-03-04		Conference committee report 1 : filed in the House
2010-03-01		House advisors appointed: Moseley and Borror
2010-03-01		House conferees appointed: Niezgodski and Espich
2010-02-25		Senate advisors appointed: Hershman, Buck, Deig and Arnold
2010-02-25		Senate conferees appointed: Boots and Tallian
2010-02-25		Senate dissented from House amendments
2010-02-25		Representative Koch added as cosponsor
2010-02-25		Returned to the Senate with amendments
2010-02-25		Third reading: passed; Roll Call 220: Yeas 91, Nays 0
2010-02-22		Amendment 1 (Thompson), prevailed; Roll Call 186: Yeas 79, Nays 19
2010-02-22		Second reading: amended, ordered engrossed
2010-02-16		Committee report: amend do pass, adopted
2010-02-02		First reading: referred to Committee on Labor and Employment
2010-01-19		House sponsor: Rep. Niezgodski
2010-01-19		Referred to the House
2010-01-19		Third reading: passed; Roll Call 14: Yeas 50 and Nays 0
2010-01-14		Second reading: ordered engrossed
2010-01-11		Senators Arnold and Deig added as coauthors
2010-01-11		Senator Buck added as third author
2010-01-11		Senator Tallian added as second author
2010-01-11		Committee report: do pass, adopted
2010-01-05		First reading: referred to Committee on Pensions and Labor
2010-01-05		Authored by Senator Boots

Type	Source
Summary	http://www.in.gov/apps/lsa/session/billwatch/billinfo?year=2010&session=1&request=getBill&doctype=SB&docno=0030
Text	http://www.in.gov/legislative/bills/2010/IN/IN0030.1.html
Text	http://www.in.gov/legislative/bills/2010/SB/SB0030.1.html
Text	http://www.in.gov/legislative/bills/2010/ES/ES0030.2.html
Text	http://www.in.gov/legislative/bills/2010/SE/SE0030.1.html