SB 250 IN

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Passed One Chamber

Modifies the definition of "average of the annual compensation" for a member of the public employees' retirement fund (PERF) who retires after December 31, 2026. Specifies that compensation received in contemplation of retirement is excluded from the average of the annual compensation for particular members of PERF and the Indiana state teachers' retirement fund (TRF). Repeals a provision requiring the board of trustees of the Indiana public retirement system (board) to maintain separate accounts for each unit of local government. Provides that amounts forfeited under the public employees defined contribution plan must be used as determined by the board. (Current law requires these amounts to be used to reduce the unfunded accrued liability of PERF.) Specifies a process by which a fully vested member of the public employees' defined contribution plan or the teachers' defined contribution plan may irrevocably elect to participate in PERF or TRF, as applicable. Modifies the information that must be included in a delinquency notice to a delinquent political subdivision. Specifies the circumstances under which an employer under the 1977 police officers' and firefighters' pension and disability fund is required to pay for certain mental health care and treatment. Makes conforming amendments. (The introduced version of this bill was prepared by the interim study committee on pension management oversight.)

• Brian Buchanan Republican · author
• Linda Rogers Republican · author
• Martin Carbaugh Republican · sponsor

1. Jan 13, 2025 First reading: referred to Committee on Pensions and Labor · upper
2. Jan 13, 2025 Authored by Senators Buchanan and Rogers · upper
3. Jan 29, 2025 Committee report: amend do pass adopted; reassigned to Committee on Appropriations · upper
4. Feb 13, 2025 Committee report: amend do pass, adopted · upper
5. Feb 13, 2025 Senator Niezgodski added as coauthor · upper
6. Feb 18, 2025 Second reading: ordered engrossed · upper
7. Feb 20, 2025 Third reading: passed; Roll Call 180: yeas 49, nays 0 · upper
8. Feb 21, 2025 Referred to the House · upper
9. Feb 20, 2025 House sponsor: Representative Carbaugh · upper
10. Mar 3, 2025 First reading: referred to Committee on Employment, Labor and Pensions · lower
11. Mar 20, 2025 Representative Garcia Wilburn added as cosponsor · lower
12. Mar 20, 2025 Committee report: amend do pass, adopted · lower
13. Mar 20, 2025 Recommitted to Committee on Ways and Means pursuant to House Rule 126.3 · lower