IN HB1075 | 2014 | Regular Session

Status

Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Passed on March 26 2014 - 100% progression
Action: 2014-03-26 - Public Law 177
Text: Latest bill text (Enrolled) [PDF]

Summary

Provides that the board of trustees (board) of the Indiana public retirement system may not, before January 1, 2017, enter into an agreement with a third party provider to provide annuities to retiring and retired members of the public employees' retirement fund (PERF) and the teachers' retirement fund (TRF). Specifies the interest rate used to determine the annuity amount is: (1) 5.75%, after September 30, 2014, and before October 1, 2015 and (2) the greater of: (A) the interest rate for similar annuities being purchased in the private market as determined by the board; or (B) 4.5%; after September 30, 2015, and before January 1, 2017. Provides that, after December 31, 2016, whenever the board enters into an agreement with a third party provider, the interest rate used to determine the annuity amount is equal to the rate for similar annuities being purchased in the private market as recommended by the third party provider. Removes language terminating an annual pension paid to the surviving spouse of a governor if the surviving spouse remarries. Increases from 3% to 5% the maximum percentage of a state employee's base salary that may be deducted as an automatic contribution to the state's deferred compensation plan.

Tracking Information

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Title

Public pensions.

Sponsors


Roll Calls

2014-03-13 - Senate - Senate - Conference Committee Report 1 adopted (Y: 42 N: 5 NV: 1 Abs: 2) [PASS]
2014-03-13 - House - House - Rules Suspended. Conference Committee Report 1 adopted (Y: 89 N: 0 NV: 0 Abs: 11) [PASS]
2014-02-27 - Senate - Senate Floor - (Y: 39 N: 8 NV: 1 Abs: 2) [PASS]
2014-02-25 - Senate - Senate Floor - (Y: 37 N: 10 NV: 0 Abs: 3) [PASS]
2014-02-19 - Senate - Senate Committee on Pensions and Labor - Roll Call 107504 (Y: 9 N: 0 NV: 0 Abs: 0) [PASS]
2014-01-30 - House - House Floor - (Y: 83 N: 0 NV: 1 Abs: 16) [PASS]
2014-01-29 - House - House Floor - (Y: 91 N: 0 NV: 1 Abs: 8) [PASS]
2014-01-23 - House - House Committee on Ways and Means - Roll Call 107502 (Y: 15 N: 5 NV: 0 Abs: 4) [PASS]
2014-01-14 - House - House Committee on Employment, Labor and Pensions - Roll Call 107501 (Y: 13 N: 0 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2014-03-26HousePublic Law 177
2014-03-26HouseSigned by the Governor
2014-03-18SenateSigned by the President of the Senate
2014-03-14HouseSigned by the Speaker
2014-03-14SenateSigned by the President Pro Tempore
2014-03-13HouseRules Suspended. Conference Committee Report 1 adopted; Roll Call 525: yeas 89 and nays 0
2014-03-13SenateRules Suspended. Conference Committee Report 1 adopted; Roll Call 452: yeas 42 and nays 5
2014-03-13SenateSenator Kenley added as conferee
2014-03-13SenateSenator Walker removed as conferee
2014-03-04SenateSenator Becker added as advisor
2014-03-04SenateSenator Skinner added as advisor
2014-03-04SenateSenator Boots added as advisor
2014-03-04SenateSenator Tallian added as conferee
2014-03-04SenateSenator Walker added as conferee
2014-03-04HouseRepresentative Burton added as conferee
2014-03-04HouseRepresentative Niezgodski added as conferee
2014-03-04HouseRepresentative Moseley added as advisor
2014-03-04HouseRepresentative Karickhoff added as advisor
2014-03-04HouseHouse dissented from Senate Amendments
2014-02-27SenateReturned to the House with amendments
2014-02-27SenateThird reading: Passed: Roll Call 255: yeas 39 and nays 8
2014-02-27SenateSenator Randolph added as cosponsor.
2014-02-25SenateSecond reading: amended, ordered engrossed.
2014-02-25SenateHB 1075 Amendment #3 (Walker), prevailed.
2014-02-25SenateHB 1075 Amendment #1 (Tallian), failed.
2014-02-25SenateHB 1075 Amendment #4 (Boots), prevailed.
2014-02-25SenateHB 1075 Amendment #5 (Kenley), prevailed.
2014-02-20SenateCommittee report: amend do pass, adopted.
2014-02-04SenateFirst Reading: Referred to Pensions and Labor
2014-01-30HouseSenator Becker added as third sponsor.
2014-01-30HouseSenator Tallian added as second sponsor.
2014-01-30HouseSenator Walker added as first sponsor.
2014-01-30HouseReferred to the Senate
2014-01-30HouseThird reading: Passed: Roll Call 141: yeas 83 and nays 0
2014-01-29HouseHB 1075 Amendment #5 (Porter), prevailed.
2014-01-29HouseHB 1075 Amendment #7 (Brown, T.), prevailed.
2014-01-29HouseSecond reading: amended, ordered engrossed
2014-01-27HouseCommittee report: do pass amend, adopted.
2014-01-16HouseRepresentative Bacon added as coauthor.
2014-01-15HouseRepresentative Moseley added as coauthor.
2014-01-14HouseReferred to Ways and Means pursuant to House Rule 127
2014-01-14HouseCommittee report: do pass amend, adopted.
2014-01-09HouseFirst Reading: Referred to Employment, Labor and Pensions
2014-01-09HouseCoauthored by Representative Niezgodski
2014-01-09HouseAuthored by Representative Burton.

Indiana State Sources

TypeSource
Summaryhttps://iga.in.gov/legislative/2014/bills/house/1075/details
Texthttp://iga.in.gov/static-documents/9/7/d/f/97df7262/HB1075.01.INTR.pdf
Texthttp://iga.in.gov/static-documents/d/8/b/8/d8b8dd09/HB1075.02.COMH.pdf
Texthttp://iga.in.gov/static-documents/d/f/9/e/df9ea60d/HB1075.03.COMH.pdf
Texthttp://iga.in.gov/static-documents/d/1/f/8/d1f8b92d/HB1075.02.COMH.pdf
Texthttp://iga.in.gov/static-documents/2/1/7/c/217c98f0/HB1075.04.ENGH.pdf
Texthttp://iga.in.gov/static-documents/d/0/0/3/d003cd00/HB1075.03.COMH.pdf
Texthttp://iga.in.gov/static-documents/c/a/8/7/ca87ca55/HB1075.04.ENGH.pdf
Texthttp://iga.in.gov/static-documents/9/8/9/0/9890b984/HB1075.05.COMS.pdf
Texthttp://iga.in.gov/static-documents/5/1/3/0/5130a042/HB1075.05.COMS.pdf
Texthttp://iga.in.gov/static-documents/6/7/8/a/678a30a3/HB1075.06.ENGS.pdf
Texthttp://iga.in.gov/static-documents/6/2/d/e/62def5e5/HB1075.06.ENGS.pdf
Texthttp://iga.in.gov/static-documents/a/7/b/d/a7bd1303/HB1075.07.ENRH.pdf
Roll Callhttp://iga.in.gov/static-documents/c/7/a/8/c7a819a3/HB1075.01.INTR.pdf
Roll Callhttp://iga.in.gov/static-documents/a/2/8/9/a289fdd1/HB1075.03.COMH.115.pdf
Roll Callhttp://iga.in.gov/static-documents/8/c/2/b/8c2bc2ee/HB1075.04.ENGH.141.pdf
Roll Callhttp://iga.in.gov/static-documents/6/a/b/e/6abeb6c3/HB1075.02.COMH.pdf
Roll Callhttp://iga.in.gov/static-documents/f/4/6/2/f4622afc/HB1075.04.ENGH.pdf
Roll Callhttp://iga.in.gov/static-documents/7/3/1/5/73154ea5/HB1075.05.COMS.233.pdf
Roll Callhttp://iga.in.gov/static-documents/e/c/d/c/ecdc7e2a/HB1075.06.ENGS.255.pdf
Roll Callhttp://iga.in.gov/static-documents/e/8/2/3/e823bced/HB1075.06.ENGS.525.pdf
Roll Callhttp://iga.in.gov/static-documents/3/9/a/0/39a08fd2/HB1075.06.ENGS.452.pdf

Bill Comments

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