HB 1004 IN

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Became Law

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.

• Robert Cherry · author
• Brian Buchanan Republican · sponsor
• Michael Crider Republican · sponsor

1. Jan 8, 2024 Authored by Representative Cherry · lower
2. Jan 8, 2024 First reading: referred to Committee on Ways and Means · lower
3. Jan 8, 2024 Coauthored by Representatives Porter, Karickhoff, Meltzer · lower
4. Jan 16, 2024 Committee report: do pass, adopted · lower
5. Jan 18, 2024 Second reading: ordered engrossed · lower
6. Jan 22, 2024 Third reading: passed; Roll Call 17: yeas 97, nays 0 · lower
7. Jan 22, 2024 Senate sponsors: Senators Buchanan, Bray, Crider · lower
8. Jan 22, 2024 Cosponsor: Senator Niezgodski · lower
9. Jan 24, 2024 Referred to the Senate · lower
10. Jan 23, 2024 Rule 105.1 suspended · lower
11. Jan 23, 2024 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 · lower
12. Feb 5, 2024 Senator Bohacek added as cosponsor · upper
13. Feb 5, 2024 First reading: referred to Committee on Appropriations · upper
14. Feb 12, 2024 Senator Bray removed as second sponsor · upper
15. Feb 19, 2024 Senator Dernulc added as cosponsor · upper
16. Feb 29, 2024 Committee report: amend do pass, adopted · upper
17. Mar 4, 2024 Second reading: ordered engrossed · upper
18. Mar 4, 2024 Amendment #1 (Qaddoura) failed; Roll Call 247: yeas 18, nays 31 · upper
19. Mar 5, 2024 Third reading: passed; Roll Call 274: yeas 42, nays 6 · upper
20. Mar 5, 2024 Motion to dissent filed · lower
21. Mar 6, 2024 Senate conferees appointed: Buchanan and Niezgodski · upper
22. Mar 6, 2024 Senate advisors appointed: Qaddoura and Mishler · upper
23. Mar 6, 2024 House dissented from Senate amendments · lower
24. Mar 6, 2024 House conferees appointed: Cherry and Porter · lower
25. Mar 6, 2024 House advisors appointed: Thompson, Snow, Smaltz, Bartlett and Moseley · lower
26. Mar 5, 2024 Returned to the House with amendments · upper
27. Mar 11, 2024 Signed by the President Pro Tempore · upper
28. Mar 11, 2024 Signed by the Speaker · lower
29. Mar 12, 2024 Signed by the President of the Senate · upper
30. Mar 8, 2024 Rules Suspended. Conference Committee Report 1: adopted by the Senate; Roll Call 321: yeas 44, nays 3 · upper
31. Mar 8, 2024 Rules Suspended. Conference Committee Report 1: adopted by the House; Roll Call 335: yeas 98, nays 0 · lower
32. Mar 8, 2024 CCR # 1 filed in the Senate · upper
33. Mar 8, 2024 CCR # 1 filed in the House · lower
34. Mar 13, 2024 Public Law 129 · lower
35. Mar 13, 2024 Signed by the Governor · executive