Enrolled House Bill (H)
Authored by: Rep. Woody Burton
Co-Authors: Rep. Ronald Bacon, Rep. Charles Moseley, Rep. David Niezgodski
Sponsors: Sen. Greg Walker, Sen. Karen Tallian, Sen. Vaneta Becker
  • Rep. Woody Burton
    Rep. Woody Burton

    Author

  • Rep. Ronald Bacon
    Rep. Ronald Bacon

    Co-Author

  • Rep. Charles Moseley
    Rep. Charles Moseley

    Co-Author

  • Rep. David Niezgodski
    Rep. David Niezgodski

    Co-Author

  • Sen. Greg Walker
    Sen. Greg Walker

    Sponsor

  • Sen. Karen Tallian
    Sen. Karen Tallian

    Sponsor

  • Sen. Vaneta Becker
    Sen. Vaneta Becker

    Sponsor

  • Sen. Lonnie Randolph
    Sen. Lonnie Randolph

    Co-Sponsor

  • Rep. Woody Burton
    Rep. Woody Burton

    Conferee

  • Rep. David Niezgodski
    Rep. David Niezgodski

    Conferee

  • Sen. Luke Kenley
    Sen. Luke Kenley

    Conferee

  • Sen. Karen Tallian
    Sen. Karen Tallian

    Conferee

  • Rep. Michael Karickhoff
    Rep. Michael Karickhoff

    Advisor

  • Rep. Charles Moseley
    Rep. Charles Moseley

    Advisor

  • Sen. Philip Boots
    Sen. Philip Boots

    Advisor

  • Sen. Timothy Skinner
    Sen. Timothy Skinner

    Advisor

  • Sen. Vaneta Becker
    Sen. Vaneta Becker

    Advisor

DIGEST

Public pensions. Provides that the board of trustees (board) of the Indiana public retirement system may not, before January 1, 2017, enter into an agreement with a third party provider to provide annuities to retiring and retired members of the public employees' retirement fund (PERF) and the teachers' retirement fund (TRF). Specifies the interest rate used to determine the annuity amount is: (1) 5.75%, after September 30, 2014, and before October 1, 2015 and (2) the greater of: (A) the interest rate for similar annuities being purchased in the private market as determined by the board; or (B) 4.5%; after September 30, ... 2015, and before January 1, 2017. Provides that, after December 31, 2016, whenever the board enters into an agreement with a third party provider, the interest rate used to determine the annuity amount is equal to the rate for similar annuities being purchased in the private market as recommended by the third party provider. Removes language terminating an annual pension paid to the surviving spouse of a governor if the surviving spouse remarries. Increases from 3% to 5% the maximum percentage of a state employee's base salary that may be deducted as an automatic contribution to the state's deferred compensation plan.