SB 250: Pension matters.

Official summary

Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.

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.)

Sponsors

Sponsors by party (alphabetical): Democratic 2 · Republican 3

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

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

Showing 12 most recent of 13 actions. Full history