IN SB0117 | 2014 | Regular Session

Status

Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Passed on March 14 2014 - 100% progression
Action: 2014-03-14 - Public Law 22
Text: Latest bill text (Enrolled) [PDF]

Summary

Provides that contributions posted to a public employees' retirement fund (PERF) or teachers' retirement fund (TRF) member's annuity savings account (ASA) after the final date on which the PERF or TRF member's retirement benefit is processed may be distributed to the member as determined by the rules of the board of trustees (board) of the Indiana public retirement system. Removes a requirement that these contributions be paid as a lump sum. Requires the board to obtain the member's consent to the form of the distribution if the amount exceeds $1,000.

Tracking Information

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Title

Lump sum payment of ASA contributions.

Sponsors


Roll Calls

2014-02-24 - House - House Floor - (Y: 97 N: 0 NV: 1 Abs: 2) [PASS]
2014-02-11 - House - House Committee on Employment, Labor and Pensions - Roll Call 011703 (Y: 12 N: 0 NV: 0 Abs: 1) [PASS]
2014-01-23 - Senate - Senate - Third reading: passed (Y: 47 N: 0 NV: 1 Abs: 2) [PASS]
2014-01-15 - Senate - Senate Committee on Pensions and Labor - Roll Call 011701 (Y: 6 N: 0 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2014-03-14SenatePublic Law 22
2014-03-14SenateSigned by the Governor
2014-03-05SenateSigned by the President Pro Tempore
2014-03-05SenateSigned by the Speaker
2014-02-24HouseReturned to the Senate without amendments
2014-02-24HouseThird reading: Passed: Roll Call 248: yeas 97 and nays 0
2014-02-17HouseRepresentative Porter added as cosponsor.
2014-02-17HouseSecond reading: engrossed.
2014-02-11HouseCommittee report: do pass, adopted.
2014-02-04HouseFirst Reading: Referred to Employment, Labor and Pensions
2014-01-27SenateSenator Randolph added as coauthor.
2014-01-23SenateThird reading: passed; Roll Call 28: yeas 47 and nays 0
2014-01-23SenateReferred to the House
2014-01-23SenateRepresentative Frizzell added as sponsor.
2014-01-21SenateSenator Tallian added as third author.
2014-01-21SenateSenator Buck added as second author.
2014-01-21SenateSecond reading: amended, ordered engrossed
2014-01-21SenateAmendment #1 (Young, M.), prevailed.
2014-01-16SenateCommittee report: do pass, adopted.
2014-01-08SenateFirst Reading: Referred to Pensions and Labor
2014-01-08SenateAuthored by R Michael Young

Indiana State Sources

TypeSource
Summaryhttps://iga.in.gov/legislative/2014/bills/senate/117/details
Texthttp://iga.in.gov/static-documents/f/4/f/0/f4f0b674/SB0117.01.INTR.pdf
Texthttp://iga.in.gov/static-documents/1/a/e/6/1ae67250/SB0117.02.COMS.pdf
Texthttp://iga.in.gov/static-documents/6/0/6/d/606d1219/SB0117.03.COMS.pdf
Texthttp://iga.in.gov/static-documents/3/1/4/8/31483af4/SB0117.02.COMS.pdf
Texthttp://iga.in.gov/static-documents/5/2/1/8/521880b2/SB0117.04.COMH.pdf
Texthttp://iga.in.gov/static-documents/5/f/8/5/5f85b43b/SB0117.03.COMS.pdf
Texthttp://iga.in.gov/static-documents/4/7/1/0/47106b52/SB0117.04.COMH.pdf
Texthttp://iga.in.gov/static-documents/1/b/c/5/1bc5a490/SB0117.05.ENRS.pdf
Roll Callhttp://iga.in.gov/static-documents/8/1/2/1/8121890f/SB0117.01.INTR.pdf
Roll Callhttp://iga.in.gov/static-documents/2/6/3/f/263f46a6/SB0117.03.COMS.28.pdf
Roll Callhttp://iga.in.gov/static-documents/3/5/8/1/3581f813/SB0117.03.COMS.pdf
Roll Callhttp://iga.in.gov/static-documents/9/5/f/6/95f6249a/SB0117.04.COMH.248.pdf

Bill Comments

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