Fabio
104 lines
11 KiB
Markdown
104 lines
11 KiB
Markdown
---
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type: "Bill"
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title: "Pension matters."
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description: "Modifies the definition of \"average of the annual compensation\" for a member of the public employees' retirement fund (PERF) who retires after December 31, 2027. 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. 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. Modifies the requirements that apply to certain PERF members purchasing and claiming years of service credit in PERF. Allows, subject to particular requirements, certain TRF members to purchase and claim years of service credit in TRF. Allows a PERF or TRF member's employer to pay all or part of the member's contributions required for purchase of service credit. Allows a wage assignment to be made for the purpose of paying voluntary contributions of an employee of a political subdivision to a tax deferred retirement account. Provides that a municipality, a unit, an airport authority, a school corporation, or a charter school may require certain members of PERF to continue as members of that fund instead of the 1977 police officers' and firefighters' pension and disability fund (1977 fund). Requires, subject to certain limitations, the state to make contributions after December 31, 2026, that match, dollar for dollar, each state employee's deferred compensation contributions, not to exceed $28 per paycheck. Specifies a process by which portions of the funding sources for the retirement medical benefits account must be transferred to the state comptroller for the purpose of making matching contributions. Provides as a default rule that after December 31, 2026, each participant's membership in the retirement medical benefits account is terminated, participant subaccounts are forfeited, and subaccount amounts must be transferred to the state general fund. Requires the state comptroller to transfer certain amounts from the state general fund to each participant's defined contribution plan. Specifies a time frame within which a participant in the retirement medical benefits account may elect to remain a participant. Establishes the 2027 retiree health benefit trust. Provides that the retiree health benefit trust fund will be terminated when certain conditions are met. Increases the lump sum death benefit payable to the heirs or estate of a 1977 fund member. (The introduced version of this bill was prepared by the interim study committee on pension management oversight.)"
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jurisdiction: "us/states/in"
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legislature: "Indiana General Assembly"
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session: "2026"
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identifier: "SB 14"
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citation: "Indiana SB 14 (2026)"
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classification: ["bill"]
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subjects: ["AGENCIES; Public Retirement System (INPRS)", "COUNTY GOVERNMENT", "LOCAL GOVERNMENT; Generally", "PENSIONS AND RETIREMENT BENEFITS; Public Retirement System (INPRS)", "SCHOOLS; Officers and Employees (Other than Teachers)", "STATE GOVERNMENT; Employees"]
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status: "enacted"
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primary_sponsors: ["Brian Buchanan", "David Niezgodski", "Jake Teshka", "Linda Rogers"]
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version_count: 4
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action_count: 32
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vote_count: 4
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first_action: "2025-12-08"
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last_action: "2026-03-05"
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source: "openstates"
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source_identifier: "ocd-bill/b6abb7ff-5cf4-4d2f-a31f-3f2a50057889"
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source_url: "https://api.iga.in.gov/2026/bills/sb0014"
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source_hash: "6ebaa5fc44e5c0d6ac08fb8e2a55f8ce8ff018aa0f5a979f20212361d23ea3c5"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-in"]
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---
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# Indiana SB 14 (2026) — Pension matters.
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Modifies the definition of "average of the annual compensation" for a member of the public employees' retirement fund (PERF) who retires after December 31, 2027. 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. 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. Modifies the requirements that apply to certain PERF members purchasing and claiming years of service credit in PERF. Allows, subject to particular requirements, certain TRF members to purchase and claim years of service credit in TRF. Allows a PERF or TRF member's employer to pay all or part of the member's contributions required for purchase of service credit. Allows a wage assignment to be made for the purpose of paying voluntary contributions of an employee of a political subdivision to a tax deferred retirement account. Provides that a municipality, a unit, an airport authority, a school corporation, or a charter school may require certain members of PERF to continue as members of that fund instead of the 1977 police officers' and firefighters' pension and disability fund (1977 fund). Requires, subject to certain limitations, the state to make contributions after December 31, 2026, that match, dollar for dollar, each state employee's deferred compensation contributions, not to exceed $28 per paycheck. Specifies a process by which portions of the funding sources for the retirement medical benefits account must be transferred to the state comptroller for the purpose of making matching contributions. Provides as a default rule that after December 31, 2026, each participant's membership in the retirement medical benefits account is terminated, participant subaccounts are forfeited, and subaccount amounts must be transferred to the state general fund. Requires the state comptroller to transfer certain amounts from the state general fund to each participant's defined contribution plan. Specifies a time frame within which a participant in the retirement medical benefits account may elect to remain a participant. Establishes the 2027 retiree health benefit trust. Provides that the retiree health benefit trust fund will be terminated when certain conditions are met. Increases the lump sum death benefit payable to the heirs or estate of a 1977 fund member. (The introduced version of this bill was prepared by the interim study committee on pension management oversight.)
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **Engrossed Senate Bill (H)** (committee substitute) — [source](https://iga.in.gov/pdf-documents/124/2026/senate/bills/SB0014/SB0014.03.ENGS.pdf)
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2. **Enrolled Senate Bill (S)** (committee substitute) — [source](https://iga.in.gov/pdf-documents/124/2026/senate/bills/SB0014/SB0014.05.ENRH.pdf)
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3. **Introduced Senate Bill (S)** (committee substitute) — [source](https://iga.in.gov/pdf-documents/124/2026/senate/bills/SB0014/SB0014.01.INTR.pdf)
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4. **Senate Bill (S)** (committee substitute) — [source](https://iga.in.gov/pdf-documents/124/2026/senate/bills/SB0014/SB0014.04.COMH.pdf)
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## Votes
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- SB 14 - Rogers - 3rd Reading — **49–0** (pass) · upper
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- SB 14 - Rogers — **49–0** (pass) · upper
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- SB 14 - Teshka - 3rd Reading — **90–0** (pass) · lower
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- SB 14 - Teshka — **95–0** (pass) · lower
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## Sponsors
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- Brian Buchanan — primary (person)
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- David Niezgodski — primary (person)
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- Jake Teshka — primary (person)
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- Linda Rogers — primary (person)
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- Blake Doriot — coauthor (person)
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- Heath VanNatter — cosponsor (person)
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- Scott Alexander — coauthor (person)
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- Shelli Yoder — coauthor (person)
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- Tony Isa — cosponsor (person)
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- Victoria Garcia Wilburn — cosponsor (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2025-12-08** First reading: referred to Committee on Pensions and Labor `reading-1, referral-committee`
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- **2025-12-08** Authored by Senators Rogers, Buchanan, Niezgodski
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- **2025-12-10** Committee report: do pass, adopted `committee-passage`
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- **2026-01-05** Second reading: amended, ordered engrossed `reading-2`
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- **2026-01-05** Amendment #1 (Rogers) prevailed; voice vote `amendment-passage`
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- **2026-01-06** Cosponsors: Representatives VanNatter, Garcia Wilburn, Isa
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- **2026-01-06** Third reading: passed; Roll Call 12: yeas 49, nays 0 `passage, reading-3, reading-3`
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- **2026-01-06** House sponsor: Representative Teshka
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- **2026-01-06** Senator Yoder added as coauthor
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- **2026-01-06** Senator Doriot added as coauthor
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- **2026-01-06** Senator Alexander added as coauthor
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- **2026-01-09** Referred to the House `referral`
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- **2026-01-20** First reading: referred to Committee on Employment, Labor and Pensions `reading-1, referral-committee`
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- **2026-02-12** Committee report: amend do pass, adopted `committee-passage`
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- **2026-02-16** Second reading: ordered engrossed `reading-2`
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- **2026-02-17** Third reading: passed; Roll Call 260: yeas 90, nays 0 `passage, reading-3, reading-3`
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- **2026-02-18** Returned to the Senate with amendments `receipt`
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- **2026-02-23** Senate dissented from House amendments
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- **2026-02-23** Senate conferees appointed: Rogers, Niezgodski
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- **2026-02-23** Senate advisors appointed: Hunley, Buchanan
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- **2026-02-23** Motion to dissent filed `filing`
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- **2026-02-24** House conferees appointed: Teshka, Garcia Wilburn
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- **2026-02-24** House advisors appointed: Isa, Jordan, Moseley
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- **2026-02-27** Rules Suspended. Conference Committee Report 1: adopted by the Senate; Roll Call 314: yeas 49, nays 0
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- **2026-03-05** Signed by the Governor `executive-signature`
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- **2026-02-27** Rules Suspended. Conference Committee Report 1: adopted by the House; Roll Call 410: yeas 95, nays 0
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- **2026-03-05** Public Law 104 `became-law`
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- **2026-02-27** CCR # 1 filed in the House `filing`
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- **2026-02-27** CCR # 1 filed in the Senate `filing`
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- **2026-02-27** Signed by the President of the Senate `passage`
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- **2026-02-27** Signed by the President Pro Tempore `passage`
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- **2026-02-27** Signed by the Speaker `passage`
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/b6abb7ff-5cf4-4d2f-a31f-3f2a50057889`. Confidence: reported (aggregated from official Indiana legislature records).
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