Bill Text: IN SB0148 | 2016 | Regular Session | Amended
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Public employees' defined contribution plan. Provides that the state or a political subdivision may elect whether certain retired members of the public employees' retirement fund (fund) may begin or resume membership in the public employees' defined contribution plan (plan) for periods of reemployment with the state or a participating political subdivision. Provides that an individual who is both a member of the fund and a member of the plan may purchase service credit in the fund after the member is vested in the fund with money in the annuity savings account that is attributable to service in the plan. Urges
Spectrum: Moderate Partisan Bill (Republican 4-1)
Status: (Passed) 2016-03-24 - Public Law 209 [SB0148 Detail]
Download: Indiana-2016-SB0148-Amended.pdf
Bill Title: Public employees' defined contribution plan. Provides that the state or a political subdivision may elect whether certain retired members of the public employees' retirement fund (fund) may begin or resume membership in the public employees' defined contribution plan (plan) for periods of reemployment with the state or a participating political subdivision. Provides that an individual who is both a member of the fund and a member of the plan may purchase service credit in the fund after the member is vested in the fund with money in the annuity savings account that is attributable to service in the plan. Urges
Spectrum: Moderate Partisan Bill (Republican 4-1)
Status: (Passed) 2016-03-24 - Public Law 209 [SB0148 Detail]
Download: Indiana-2016-SB0148-Amended.pdf
