IN SB0051 | 2015 | Regular Session

Status

Spectrum: Bipartisan Bill
Status: Introduced on January 6 2015 - 25% progression, died in committee
Action: 2015-01-27 - Senator Broden added as coauthor
Pending: Senate Pensions and Labor Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Payment of monthly pension benefits. Provides that members and beneficiaries of any public pension fund administered by the Indiana public retirement system may receive monthly benefits only by direct deposit or another method approved by the board of trustees of the Indiana public retirement system. Repeals a similar but more narrowly applicable section concerning methods of paying monthly benefits to members and beneficiaries of the public employees' retirement fund and the teachers' retirement fund.

Tracking Information

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Title

Payment of monthly pension benefits. Provides that members and beneficiaries of any public pension fund administered by the Indiana public retirement system may receive monthly benefits only by direct deposit or another method approved by the board of trustees of the Indiana public retirement system. Repeals a similar but more narrowly applicable section concerning methods of paying monthly benefits to members and beneficiaries of the public employees' retirement fund and the teachers' retirement fund.

Sponsors


History

DateChamberAction
2015-01-27SenateSenator Broden added as coauthor
2015-01-06SenateFirst Reading: referred to Committee on Pensions & Labor
2015-01-06SenateAuthored by Senator Young R Michael

Indiana State Sources


Bill Comments

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