Amends provisions regarding the surcharge rates established by the Indiana public retirement system to actuarially prefund certain postretirement benefits. Adds provisions requiring the treasurer of state to determine a surcharge amount that is to be paid into the supplemental reserve account for the state police pre-1987 and 1987 benefit systems. Provides for a thirteenth check in calendar year 2025 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. Makes conforming changes.
us/states/in
Indiana General Assembly
2025
HB 1221
Indiana HB 1221 (2025)
bill
PENSIONS AND RETIREMENT BENEFITS; Public Retirement System (INPRS)
Amends provisions regarding the surcharge rates established by the Indiana public retirement system to actuarially prefund certain postretirement benefits. Adds provisions requiring the treasurer of state to determine a surcharge amount that is to be paid into the supplemental reserve account for the state police pre-1987 and 1987 benefit systems. Provides for a thirteenth check in calendar year 2025 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. Makes conforming changes.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
Enrolled House Bill (H) (committee substitute) — source