IN HB1485 | 2023 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 17 2023 - 25% progression, died in committee
Action: 2023-01-17 - First reading: referred to Committee on Employment, Labor and Pensions
Pending: House Employment, Labor and Pensions Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 17 2023 - 25% progression, died in committee
Action: 2023-01-17 - First reading: referred to Committee on Employment, Labor and Pensions
Pending: House Employment, Labor and Pensions Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Deferred retirement option plan. Allows a member of the 1925 police pension fund, 1937 firefighters' pension fund, 1953 police pension fund (Indianapolis), or 1977 police officers' and firefighters' pension and disability fund to withdraw from the deferred retirement option plan (DROP) and make an election to enter the DROP for a second time not earlier than three years after the date the member withdraws from the DROP. Provides that a member may make an election to enter the DROP only twice in the member's lifetime.
Title
Deferred retirement option plan.
Sponsors
History
Date | Chamber | Action |
---|---|---|
2023-01-17 | House | First reading: referred to Committee on Employment, Labor and Pensions |
2023-01-17 | House | Authored by Representative Smith V |
Subjects
Indiana State Sources
Type | Source |
---|---|
Summary | https://iga.in.gov/legislative/2023/bills/house/1485/details |
Text | https://iga.in.gov/legislative/2023/bills/house/1485/#1.INTR |