Bill Title: Supplemental allowance reserve account. Authorizes the Indiana state police to establish a supplemental allowance reserve account (account) in the police benefit fund to accumulate money for the purpose of paying postretirement benefit adjustments, including postretirement benefit increases, thirteenth checks, and other benefit changes or adjustments granted by the general assembly after June 30, 2019, to employee beneficiaries of the state police 1987 benefit system. Requires the state lottery commission to transfer $40,000 of surplus revenue each calendar quarter from the administrative trust fund to the account.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2019-01-14 - First reading: referred to Committee on Ways and Means [HB1348 Detail]

Text: Latest bill text (Introduced) [PDF]

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