Bill Text: IN HB1463 | 2017 | Regular Session | Engrossed
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Teachers' defined contribution plan. Establishes the teachers' defined contribution plan (plan) as an account within the Indiana state teachers' retirement fund (fund). Provides that an individual who begins employment with a school corporation in a covered position that would otherwise be eligible for membership in the fund may elect to become a member of the plan. Provides that an individual who does not elect to become a member of the plan becomes a member of the fund. Requires the board of trustees of the Indiana public retirement system (board) to establish, subject to any approval from the Internal Revenue Service
Spectrum: Partisan Bill (Republican 7-0)
Status: (Enrolled - Dead) 2017-04-11 - Senator Ruckelshaus added as advisor [HB1463 Detail]
Download: Indiana-2017-HB1463-Engrossed.pdf
Bill Title: Teachers' defined contribution plan. Establishes the teachers' defined contribution plan (plan) as an account within the Indiana state teachers' retirement fund (fund). Provides that an individual who begins employment with a school corporation in a covered position that would otherwise be eligible for membership in the fund may elect to become a member of the plan. Provides that an individual who does not elect to become a member of the plan becomes a member of the fund. Requires the board of trustees of the Indiana public retirement system (board) to establish, subject to any approval from the Internal Revenue Service
Spectrum: Partisan Bill (Republican 7-0)
Status: (Enrolled - Dead) 2017-04-11 - Senator Ruckelshaus added as advisor [HB1463 Detail]
Download: Indiana-2017-HB1463-Engrossed.pdf
