Indiana Senate Bill 513

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Spectrum: Slight Partisan Bill (Democrat 5-3)
Status: Introduced on January 16 2025 - 25% progression
Action: 2025-01-21 - Senator Ford J.D. added as coauthor
Pending: Senate Appropriations Committee
Text: Latest bill text (Introduced) [PDF]

State administered retirement program. Establishes a board to design, establish, and operate a state administered retirement program (program) that automatically enrolls specified private sector employees. Requires program compliance by certain employers that have not, in the previous two calendar years, offered a qualified retirement plan to employees. Specifies the powers and duties of the board. Specifies program requirements, including default contribution levels and program fees. Requires the board to contract with investment managers, private financial institutions, or other service providers to invest money and administer the program. Limits the liability of particular parties associated with the program. Specifies board requirements for disclosure, audits, and reports. Requires the board to adopt certain rules. Makes an appropriation.

State administered retirement program.

Sen. Vaneta Becker [R]	Sen. Greg Walker [R]	Sen. Ronnie Alting [R]	Sen. Fady Qaddoura [D]
Sen. Andrea Hunley [D]	Sen. La Keisha Jackson [D]	Sen. Rodney Pol [D]	Sen. J.D. Ford [D]

Date	Chamber	Action
2025-01-21	Senate	Senator Ford J.D. added as coauthor
2025-01-16	Senate	First reading: referred to Committee on Appropriations
2025-01-16	Senate	Authored by Senators Becker, Walker G, Alting
2025-01-16	Senate	Coauthored by Senators Qaddoura, Hunley, Jackson L, Pol

Type	Source
Summary	https://iga.in.gov/legislative/2025/bills/senate/513/details
Text	https://iga.in.gov/pdf-documents/124/2025/senate/bills/SB0513/SB0513.01.INTR.pdf
Supplement	https://iga.in.gov/pdf-documents/124/2025/senate/bills/SB0513/fiscal-notes/SB0513.01.INTR.FN001.pdf