January 12, 2010
SENATE BILL No. 98
_____
DIGEST OF SB 98
(Updated January 6, 2010 10:13 am - DI 102)
Citations Affected: IC 2-3.5; IC 33-38; IC 33-39; IC 36-8.
Synopsis: Pension fund administered by PERF. Eliminates references
to the treasurer of state's duties concerning the following pension funds
administered by the public employees' retirement fund (PERF): (1)
legislators' retirement system; (2) judges' retirement system; (3)
prosecuting attorneys retirement fund; and (4) 1977 police officers' and
firefighters' retirement and disability fund. (In 2009 the treasurer of
state's role as treasurer of PERF was eliminated and those duties were
assigned to the PERF board and executive director.)
Effective: July 1, 2010.
Boots
January 5, 2010, read first time and referred to Committee on Pensions and Labor.
January 11, 2010, reported favorably _ Do Pass.
January 12, 2010
Second Regular Session 116th General Assembly (2010)
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SENATE BILL No. 98
A BILL FOR AN ACT to amend the Indiana Code concerning
pensions.
Be it enacted by the General Assembly of the State of Indiana:
SOURCE: IC 2-3.5-3-4; (10)SB0098.1.1. -->
SECTION 1. IC 2-3.5-3-4 IS AMENDED TO READ AS
FOLLOWS [EFFECTIVE JULY 1, 2010]: Sec. 4. (a) The PERF board
shall administer the system, which may be commingled with the PERF
fund for investment purposes.
(b) The PERF board shall:
(1) determine eligibility for and make payments of benefits under
this chapter, IC 2-3.5-4, and IC 2-3.5-5;
(2) in accordance with the powers and duties granted in
IC 5-10.3-3-7, IC 5-10.3-3-7.1, IC 5-10.3-3-8, and IC 5-10.3-5-3
through IC 5-10.3-5-6, administer the system; and
(3) provide by rule for the implementation of this chapter,
IC 2-3.5-4, and IC 2-3.5-5; and
(4) authorize deposits.
(c) A determination by the PERF board may be appealed under
IC 4-21.5.
(d) The powers and duties of:
(1) the director and the actuary of the PERF board;
(2) the treasurer of state;
(3) (2) the attorney general; and
(4) (3) the auditor of state;
with respect to the fund are those specified in IC 5-10.3-3 and
IC 5-10.3-4.
(e) The PERF board may hire additional personnel, including
hearing officers, to assist in the implementation of this chapter.
(f) Legislators' retirement system records of individual participants
and participants' information are confidential, except for the name and
years of service of a retirement system participant.
SOURCE: IC 33-38-6-23; (10)SB0098.1.2. -->
SECTION 2. IC 33-38-6-23 IS AMENDED TO READ AS
FOLLOWS [EFFECTIVE JULY 1, 2010]: Sec. 23. (a) The board of
trustees of the public employees' retirement fund shall administer the
fund, which may be commingled with the public employees' retirement
fund for investment purposes.
(b) The board shall do the following:
(1) Determine eligibility for and make payments of benefits under
IC 33-38-7 and IC 33-38-8.
(2) In accordance with the powers and duties granted it in
IC 5-10.3-3-7, IC 5-10.3-3-7.1, IC 5-10.3-3-8, and IC 5-10.3-5-3
through IC 5-10.3-5-6, administer the fund.
(3) Provide by rule for the implementation of this chapter and
IC 33-38-7 and IC 33-38-8.
(4) Authorize deposits.
(c) A determination by the board may be appealed under the
procedures in IC 4-21.5.
(d) The powers and duties of:
(1) the director and the actuary of the board;
(2) the treasurer of state;
(3) (2) the attorney general; and
(4) (3) the auditor of state;
with respect to the fund are those specified in IC 5-10.3-3 and
IC 5-10.3-4.
(e) The board may hire additional personnel, including hearing
officers, to assist it in the implementation of this chapter.
(f) Fund records of individual participants and participants'
information are confidential, except for the name and years of service
of a fund participant.
SOURCE: IC 33-39-7-11; (10)SB0098.1.3. -->
SECTION 3. IC 33-39-7-11 IS AMENDED TO READ AS
FOLLOWS [EFFECTIVE JULY 1, 2010]: Sec. 11. (a) The board shall
administer the fund, which may be commingled with the public
employees' retirement fund for investment purposes.
(b) The board shall do the following:
(1) Determine eligibility for and make payments of benefits under
this chapter.
(2) In accordance with the powers and duties granted the board in
IC 5-10.3-3-7, IC 5-10.3-3-7.1, IC 5-10.3-3-8, and IC 5-10.3-5-3
through IC 5-10.3-5-6, administer the fund.
(3) Provide by rule for the implementation of this chapter.
(4) Authorize deposits.
(c) A determination by the board may be appealed under IC 4-21.5.
(d) The powers and duties of:
(1) the director and the actuary of the board;
(2) the treasurer of state;
(3) (2) the attorney general; and
(4) (3) the auditor of state;
with respect to the fund are those specified in IC 5-10.3-3 and
IC 5-10.3-4.
(e) The board may hire additional personnel, including hearing
officers, to assist in the implementation of this chapter.
(f) Fund records of individual participants and participants'
information are confidential, except for the name and years of service
of a fund participant.
SOURCE: IC 36-8-8-5; (10)SB0098.1.4. -->
SECTION 4. IC 36-8-8-5 IS AMENDED TO READ AS FOLLOWS
[EFFECTIVE JULY 1, 2010]: Sec. 5. (a) The PERF board shall:
(1) determine eligibility for and make payments of benefits,
except as provided in section 12 of this chapter;
(2) in accordance with the powers and duties granted it in
IC 5-10.3-3-7, IC 5-10.3-3-8, and IC 5-10.3-5-3 through
IC 5-10.3-5-6, administer the 1977 fund;
and
(3) provide by rule for the implementation of this chapter;
and
(4) authorize deposits.
(b) A determination by the PERF board may be appealed under the
procedures in IC 4-21.5.
(c) The powers and duties of the director and the actuary of the
PERF board,
the treasurer of state, the attorney general, and the auditor
of state, with respect to the 1977 fund, are those specified in
IC 5-10.3-3 and IC 5-10.3-4.
(d) The PERF board may hire additional personnel, including
hearing officers, to assist it in the implementation of this chapter.
(e) The 1977 fund records of individual members and membership
information are confidential, except for the name and years of service
of a 1977 fund member.