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HB 1485 IN

Deferred retirement option plan.

IN · session 2023 · Assembly / House · bill

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Introduced Jan 17, 2023

Latest action (Jan 17, 2023) First reading: referred to Committee on Employment, Labor and Pensions

Summary

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 withdraws from the DROP. Provides that a member may make an election to enter the DROP only twice in the member's lifetime.

Sponsor (1)

Action history (2)
  1. Jan 17, 2023 Authored by Representative Smith V · lower
  2. Jan 17, 2023 First reading: referred to Committee on Employment, Labor and Pensions · lower
Subjects
FIREFIGHTERS; FIREFIGHTERS' PENSIONS AND BENEFITSLAW ENFORCEMENT, Police Pensions and Benefits

Text versions (1)

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

  • Introduced House Bill (H) · Jan 17, 2023 · PDF

Full text

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