SB 94 IN

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Became Law

Provides that the Indiana public retirement system (INPRS) shall pay the governors' retirement and surviving spouse pensions from the public employees' retirement fund (PERF). (Current law makes the auditor of state responsible for the payments.) Modifies provisions related to the pension entitlement for the surviving spouse of a governor. Changes the definition of "retired participant" in the retirement medical benefits account statute. Eliminates the requirement that INPRS shall make an actuarial valuation of the assets and liabilities of the retiree health benefit trust fund at least every two years and instead requires INPRS each year to report the assets and liabilities of the retiree health benefit trust fund and make recommendations for employer contribution amounts. Provides that if an individual becomes a participant in the public employees' defined contribution plan with respect to the individual's service as a volunteer firefighter, the individual does not earn creditable service in the fund for service with a volunteer fire department. Provides that interest shall be credited to the account of each participant in the prosecuting attorneys' retirement fund at least annually. Specifies the repayment conditions that apply if a participant of the judges' retirement system or a fund member of the 1977 police officers' and firefighters' pension and disability fund withdraws from the respective fund and again becomes a participant or member of the respective fund at a later date. For purposes of the PERF and state teachers' retirement fund: (1) adds survivors and beneficiaries to provisions related to recouping, stopping, or terminating benefits; (2) provides that if an overpayment occurs, the board may not require a member, survivor, or beneficiary to pay more than 25% of their monthly benefit toward the overpayment; and (3) provides that if an overpayment began before July 1, 2015 and was caused by no fault of the member, survivor, or beneficiary, the board may only require a member, survivor, or beneficiary to pay the amount of the overpayment of benefits received during the six years before the date INPRS discovers the overpayment and attempts to provide notice of the overpayment. Provides that the budget agency may transfer appropriations from federal or dedicated funds to the retiree health benefit trust fund. (The introduced version of this bill was prepared by the interim study committee on pension management oversight.)

• Philip Boots · author
• Dennis Kruse · author
• Jeffrey Thompson Republican · sponsor

1. Jan 5, 2021 Authored by Senator Boots · upper
2. Jan 5, 2021 First reading: referred to Committee on Pensions and Labor · upper
3. Jan 14, 2021 Committee report: amend do pass, adopted · upper
4. Jan 26, 2021 Amendment #1 (Boots) prevailed; voice vote · upper
5. Jan 26, 2021 Amendment #2 (Tallian) failed; voice vote · upper
6. Jan 26, 2021 Amendment #3 (Boots) prevailed; voice vote · upper
7. Jan 26, 2021 Second reading: amended, ordered engrossed · upper
8. Jan 28, 2021 Third reading: passed; Roll Call 27: yeas 48, nays 0 · upper
9. Jan 28, 2021 Senator Kruse added as second author · upper
10. Jan 28, 2021 House sponsor: Representative Thompson · upper
11. Jan 29, 2021 Referred to the House · upper
12. Mar 1, 2021 First reading: referred to Committee on Employment, Labor and Pensions · lower
13. Mar 25, 2021 Committee report: do pass, adopted · lower
14. Apr 1, 2021 Amendment #1 (Thompson) prevailed; voice vote · lower
15. Apr 1, 2021 Second reading: amended, ordered engrossed · lower
16. Apr 5, 2021 Third reading: passed; Roll Call 350: yeas 84, nays 11 · lower
17. Apr 6, 2021 Returned to the Senate with amendments · lower
18. Apr 6, 2021 Motion to concur filed · upper
19. Apr 6, 2021 Senator Randolph added as coauthor · upper
20. Apr 8, 2021 Senate concurred in House amendments; Roll Call 371: yeas 31, nays 16 · upper
21. Apr 12, 2021 Signed by the President Pro Tempore · upper
22. Apr 13, 2021 Signed by the Speaker · lower
23. Apr 21, 2021 Signed by the President of the Senate · upper
24. Apr 22, 2021 Public Law 92 · upper
25. Apr 22, 2021 Signed by the Governor · executive

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.

• Enrolled Senate Bill (S) · Apr 9, 2021 · PDF
• Introduced Senate Bill (S) · Jan 4, 2021 · PDF
• Senate Bill (S) · Jan 14, 2021 · PDF
• Engrossed Senate Bill (S) · Jan 26, 2021 · PDF
• Senate Bill (H) · Mar 25, 2021 · PDF
• Engrossed Senate Bill (H) · Apr 1, 2021 · PDF