February 4, 2011
SENATE BILL No. 73
_____
DIGEST OF SB 73
(Updated February 3, 2011 11:21 am - DI 58)
Citations Affected: Noncode.
Synopsis: Thirteenth check. Provides a thirteenth check to participants
of the state excise police, gaming agent, gaming control officer, and
conservation enforcement officers' retirement plan (plan). Provides that
the thirteenth check is to be paid, not later than July 1, 2011, to a plan
participant (or to a survivor or beneficiary of a plan participant) who
retired or was disabled on or before December 1, 2009, and who was
entitled to receive a monthly benefit on July 1, 2010. (The introduced
version of this bill was prepared by the pension management oversight
commission.)
Effective: Upon passage.
Tallian, Boots
January 5, 2011, read first time and referred to Committee on Pensions and Labor.
January 12, 2011, amended, reported favorably _ Do Pass; reassigned to Committee on
Appropriations.
February 3, 2011, reported favorably _ Do Pass.
February 4, 2011
First Regular Session 117th General Assembly (2011)
PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana
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Additions: Whenever a new statutory provision is being enacted (or a new constitutional
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NEW will appear in that style type in the introductory clause of each SECTION that adds
a new provision to the Indiana Code or the Indiana Constitution.
Conflict reconciliation: Text in a statute in
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SENATE BILL No. 73
A BILL FOR AN ACT concerning pensions.
Be it enacted by the General Assembly of the State of Indiana:
SOURCE: ; (11)SB0073.2.1. -->
SECTION 1. [EFFECTIVE UPON PASSAGE] (a) As used in this
SECTION, "participant" has the meaning set forth in
IC 5-10-5.5-1.
(b) As used in this SECTION, "plan" refers to the state excise
police, gaming agent, gaming control officer, and conservation
enforcement officers' retirement plan established by IC 5-10-5.5-2.
(c) Not later than July 1, 2011, the board of trustees of the
public employees' retirement fund shall pay the amount
determined under subsection (d) to a plan participant (or to a
survivor or beneficiary of a plan participant) who retired or was
disabled on or before December 1, 2009, and who was entitled to
receive a monthly benefit on July 1, 2010. The amount is not an
increase in the annual retirement allowance.
(d) The amount paid under this SECTION to a plan participant
(or to a survivor or beneficiary of a plan participant) who meets
the requirements of subsection (c) is determined as follows:
If a Plan Participant's Creditable The Amount Is
Service Is:
Less than ten (10) years $125
(only in the case of a plan participant
receiving disability retirement benefits)
At least ten (10) years,
but less than twenty (20) years $235
At least twenty (20) years,
but less than thirty (30) years $325
At least thirty (30) years $400
(e) The creditable service used to determine the amount paid to
a plan participant (or a survivor or beneficiary of a plan
participant) under this SECTION is the creditable service that was
used to compute the plan participant's retirement allowance under
IC 5-10-5.5-10 and IC 5-10-5.5-12 except that partial years of
creditable service may not be used to determine the amount paid
under this SECTION.
(f) This SECTION expires January 1, 2012.
SOURCE: ; (11)SB0073.2.2. -->
SECTION 2.
An emergency is declared for this act.