SB 78 IN Became Law
1977 pension and disability fund.
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Summary
Provides that after July 1, 2022, if the board of trustees of the Indiana public retirement system (system board) determines that a new police officer or firefighter in the public employees' retirement fund (PERF) should be a member of the 1977 fund, the system board shall require the employer to transfer the member into the 1977 fund and contribute the amount that the system board determines is necessary to fund fully the member's service credit in the 1977 fund for all service earned as a police officer or firefighter in PERF. Provides that a police officer or firefighter who is an active member of the 1977 fund with an employer that participates in the 1977 fund, separates from that employer, and more than 180 days after the date of the separation becomes employed as a full-time police officer or firefighter with the same or a second employer that participates in the 1977 fund, is a member of the 1977 fund without meeting the age limitations under certain circumstances. (The introduced version of this bill was prepared by the interim study committee on pension management oversight.)
Sponsors (4)
- Philip Boots · author
- Jon Ford · author
- David Niezgodski Democratic · author
- Randall Frye · sponsor
3 coauthors / cosponsors
- Mitch Gore Democratic · cosponsor
- Robert Morris Republican · cosponsor
- Mike Andrade Democratic · cosponsor
Action history (22)
- Jan 4, 2022 Authored by Senator Boots · upper
- Jan 4, 2022 First reading: referred to Committee on Pensions and Labor · upper
- Jan 4, 2022 Senator Ford Jon added as second author · upper
- Jan 6, 2022 Committee report: do pass, adopted · upper
- Jan 6, 2022 Senator Niezgodski added as third author · upper
- Jan 10, 2022 Second reading: ordered engrossed · upper
- Jan 11, 2022 Third reading: passed; Roll Call 8: yeas 46, nays 0 · upper
- Jan 11, 2022 House sponsor: Representative Frye R · upper
- Jan 12, 2022 Referred to the House · upper
- Jan 31, 2022 First reading: referred to Committee on Employment, Labor and Pensions · lower
- Feb 15, 2022 Representative Gore M added as cosponsor · lower
- Feb 15, 2022 Representative Morris added as cosponsor · lower
- Feb 17, 2022 Committee report: do pass, adopted · lower
- Feb 17, 2022 Representative Andrade M added as cosponsor · lower
- Feb 21, 2022 Second reading: ordered engrossed · lower
- Feb 22, 2022 Third reading: passed; Roll Call 229: yeas 92, nays 0 · lower
- Feb 23, 2022 Returned to the Senate without amendments · lower
- Mar 1, 2022 Signed by the President Pro Tempore · upper
- Mar 1, 2022 Signed by the Speaker · lower
- Mar 11, 2022 Signed by the Governor · executive
- Mar 11, 2022 Signed by the President of the Senate · upper
- Mar 11, 2022 Public Law 85 · upper
Text versions (4)
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.
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