HB 1004

  • Indiana House Bill
  • 2024 Regular Session
  • Introduced in House
  • Passed House Jan 22, 2024
  • Passed Senate Mar 05, 2024
  • Signed by Governor Mar 13, 2024

Pension matters.

Abstract

Provides that a state employee may affirmatively elect to enroll in the deferred compensation plan prior to the auto enroll date on day 31 of the state employee's employment. Removes a provision that sets a maximum employer surcharge for the legislators' defined benefit plan, state excise police, gaming agent, gaming control officer, and conservation enforcement officers' retirement plan, public employees' retirement fund, and Indiana state teachers' retirement fund (fund). Requires the board of trustees of the Indiana public retirement system (board) to develop the technological and administrative capabilities sufficient to categorize fund members into separate groups in which: (1) certain members receive a service based thirteenth check; and (2) certain members receive a cost of living adjustment. Requires the board to set the surcharge rates at a level to actuarially prefund: (1) annual indexed thirteenth checks for all current retired members and beneficiaries retired before July 1, 2025; and (2) 1% annual cost of living adjustments to future in-payment members and beneficiaries retired on or after July 1, 2025. Provides that the board shall not reduce the surcharge rates from the prior year. Allows the board to increase the surcharge rates by not more than 0.1% of payroll from the prior year. Requires certain political subdivisions to present to the interim study committee on pension management oversight regarding a delinquent employee retirement plan offered by the political subdivision. Requires, effective July 1, 2025, the trustee of the state police pension trust to maintain two supplemental allowance reserve accounts for the purpose of paying postretirement benefit adjustments. Increases the maximum date that a member or participant of certain retirement funds can participate in the deferred retirement option plan from 36 to 60 months. Requires the member or participant to notify their employer if the member or participant elects to enter or extend the deferred retirement option plan. Provides for a thirteenth check in 2024 for certain members, participants, or beneficiaries of the: (1) Indiana state teachers' retirement fund; (2) Indiana public employees' retirement fund; (3) state excise police, gaming agent, gaming control officer, and conservation enforcement officers' retirement plan; (4) state police pre-1987 benefit system; and (5) state police 1987 benefit system.

Bill Sponsors (103)

Votes


Actions


Mar 13, 2024

Office of the Governor

Signed by the Governor

House

Public Law 129

Mar 12, 2024

Senate

Signed by the President of the Senate

Mar 11, 2024

House

Signed by the Speaker

Senate

Signed by the President Pro Tempore

Mar 08, 2024

Senate

CCR # 1 filed in the Senate

Senate

Rules Suspended. Conference Committee Report 1: adopted by the Senate; Roll Call 321: yeas 44, nays 3

House

Rules Suspended. Conference Committee Report 1: adopted by the House; Roll Call 335: yeas 98, nays 0

House

CCR # 1 filed in the House

Mar 06, 2024

House

House dissented from Senate amendments

Senate

Senate advisors appointed: Qaddoura and Mishler

Senate

Senate conferees appointed: Buchanan and Niezgodski

House

House advisors appointed: Thompson, Snow, Smaltz, Bartlett and Moseley

House

House conferees appointed: Cherry and Porter

Mar 05, 2024

Senate

Returned to the House with amendments

House

Motion to dissent filed

Senate

Third reading: passed; Roll Call 274: yeas 42, nays 6

Mar 04, 2024

Senate

Second reading: ordered engrossed

Senate

Amendment #1 (Qaddoura) failed; Roll Call 247: yeas 18, nays 31

Feb 29, 2024

Senate

Committee report: amend do pass, adopted

Feb 19, 2024

Senate

Senator Dernulc added as cosponsor

Feb 12, 2024

Senate

Senator Bray removed as second sponsor

Feb 05, 2024

Senate

Senator Bohacek added as cosponsor

Senate

First reading: referred to Committee on Appropriations

  • Reading-1
  • Referral-Committee
appropriations

Jan 24, 2024

House

Referred to the Senate

Jan 23, 2024

House

Representatives Abbott D, Andrade M, Aylesworth, Baird, Barrett, Bartels, Bartlett, Bauer M, Behning, Borders, Boy, Campbell, Carbaugh, Cash B, Clere, Criswell C, Davis M, DeLaney, DeVon, Dvorak, Engleman, Errington, Fleming, Garcia Wilburn V, Genda M, GiaQuinta, Goodrich, Gore M, Goss-Reaves, Greene R, Haggard C, Hall D, Hamilton, Harris, Hatcher, Hatfield, Heaton, Heine, Hostettler, Huston, Jackson, Jeter C, Johnson, Jordan, Judy, King J, Klinker, Lauer, Ledbetter C, Lehman, Lindauer, Lucas, Lyness, Manning, May, Mayfield, McGuire J, McNamara, Miller K, Moed, Morris, Morrison, Moseley, Negele, O'Brien T, Olthoff, Pack R, Patterson L, Payne Z, Pfaff, Pierce K, Pierce M, Prescott, Pressel, Pryor, Rowray E, Schaibley, Shackleford, Slager, Smaltz, Smith, V., Snow C, Soliday, Speedy, Steuerwald, Summers, Sweet L, Teshka J, Thompson, Torr, VanNatter, Wesco, Zent, Zimmerman added as coauthors

House

Rule 105.1 suspended

Jan 22, 2024

House

Cosponsor: Senator Niezgodski

House

Third reading: passed; Roll Call 17: yeas 97, nays 0

House

Senate sponsors: Senators Buchanan, Bray, Crider

Jan 18, 2024

House

Second reading: ordered engrossed

Jan 16, 2024

House

Committee report: do pass, adopted

Jan 08, 2024

House

Authored by Representative Cherry

House

First reading: referred to Committee on Ways and Means

  • Reading-1
  • Referral-Committee
ways and means

House

Coauthored by Representatives Porter, Karickhoff, Meltzer

Bill Text

Bill Text Versions Format
Enrolled House Bill (H) PDF
House Bill (H) PDF
House Bill (S) PDF
Introduced House Bill (H) PDF

Related Documents

Document Format
No related documents.

Sources

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