HB 1261

  • Indiana House Bill
  • 2024 Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Deferred retirement option plan.

Abstract

Allows a member of the 1925 police pension fund, 1937 firefighters' pension fund, 1953 police pension fund (Indianapolis), or 1977 police officers' and firefighters' pension and disability fund to withdraw from the deferred retirement option plan (DROP) and make an election to enter the DROP for a second time not earlier than three years after the date the member withdrew from the DROP. Provides that a member may make an election to enter the DROP only twice in the member's lifetime.

Bill Sponsors (1)

Votes


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Actions


Jan 09, 2024

House

Authored by Representative Smith V

House

First reading: referred to Committee on Employment, Labor and Pensions

  • Reading-1
  • Referral-Committee
Employment, Labor and Pensions

Bill Text

Bill Text Versions Format
Introduced House Bill (H) PDF

Related Documents

Document Format
Fiscal Note: HB1261.01.INTR.FN001 PDF

Sources

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