IN SB0228 | 2013 | Regular Session

Status

Completed Legislative Action
Spectrum: Slight Partisan Bill (Republican 2-1)
Status: Passed on May 13 2013 - 100% progression
Action: 2013-05-13 - Public Law 15
Text: Latest bill text (Enrolled) [HTML]

Summary

Provides that for a member of the public employees' retirement fund (PERF) who dies after June 30, 2013, the right to receive a death benefit from PERF vests with the designated beneficiary on file with PERF at the time of the member's death, as is the case under current law with the teachers' retirement fund (TRF). Provides that the board of the Indiana public retirement system (INPRS) shall elect officers by December 31 each year, rather than June 30 as specified in current law. Requires that an order for restitution be issued by the sentencing court before money may be taken from a PERF member's account to compensate an employer for a criminal taking by the member, and provides that money may be taken from a TRF member's account in the same manner as with PERF. Urges the legislative council to assign to the pension management oversight commission the task of studying the guaranteed fund, an investment option in the annuity savings account of PERF and TRF. (The introduced version of this bill was prepared by the pension management oversight commission.)

Tracking Information

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Title

Indiana public retirement system administrative matters.

Sponsors


Roll Calls

2013-03-12 - House - House - Third reading: passed (Y: 94 N: 0 NV: 2 Abs: 4) [PASS]
2013-01-24 - Senate - Senate - Third reading: passed (Y: 47 N: 0 NV: 1 Abs: 2) [PASS]

History

DateChamberAction
2013-05-13HousePublic Law 15
2013-04-01SenateSigned by the Governor
2013-03-22SenateSigned by the President of the Senate
2013-03-21HouseSigned by the Speaker
2013-03-19SenateSigned by the President Pro Tempore
2013-03-12HouseReturned to the Senate without amendments
2013-03-12HouseThird reading: passed; Roll Call 259: yeas 94, nays 0
2013-03-11HouseSecond reading: ordered engrossed
2013-03-07HouseRepresentative Niezgodski added as cosponsor
2013-03-05HouseCommittee report: do pass, adopted
2013-02-26HouseFirst reading: referred to Committee on Employment, Labor and Pensions
2013-01-24SenateSenator Buck added as second author
2013-01-24SenateHouse sponsor: Rep. Burton
2013-01-24SenateReferred to the House
2013-01-24SenateThird reading: passed; Roll Call 21: yeas 47 and nays 0
2013-01-22SenateSenator Tallian added as coauthor
2013-01-22SenateSecond reading: ordered engrossed
2013-01-17SenateCommittee report: amend do pass, adopted
2013-01-07SenateFirst reading: referred to Committee on Pensions and Labor
2013-01-07SenateAuthored by Senator Boots

Indiana State Sources


Bill Comments

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