Indiana Senate Bill 555 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 20 2015 - 25% progression, died in committee
Action: 2015-01-20 - First Reading: referred to Committee on Pensions & Labor
Pending: Senate Pensions and Labor Committee
Text: Latest bill text (Introduced) [PDF]

HERO plan. Establishes the Hoosier Employee Retirement Option plan (plan) to encourage Indiana residents to increase their rate of saving and to build assets for the use of participants and their survivors and beneficiaries after a participant's retirement. Establishes a plan board (board) with nine members: the treasurer of state, the auditor of state, the director of the office of management and budget, the commissioner of the department of labor, and five members appointed by the governor. Provides that the appointed board members serve four year terms and that the treasurer is the board chair. Requires the board to provide

HERO plan. Establishes the Hoosier Employee Retirement Option plan (plan) to encourage Indiana residents to increase their rate of saving and to build assets for the use of participants and their survivors and beneficiaries after a participant's retirement. Establishes a plan board (board) with nine members: the treasurer of state, the auditor of state, the director of the office of management and budget, the commissioner of the department of labor, and five members appointed by the governor. Provides that the appointed board members serve four year terms and that the treasurer is the board chair. Requires the board to provide

Sen. Greg Walker [R]

Date	Chamber	Action
2015-01-20	Senate	First Reading: referred to Committee on Pensions & Labor
2015-01-20	Senate	Authored by Senator Walker

Type	Source
Summary	https://iga.in.gov/legislative/2015/bills/senate/555/details
Text	http://iga.in.gov/static-documents/4/a/d/e/4ade4cf0/SB0555.01.INTR.pdf