Enrolled Senate Bill (S)
Authored by: Sen. R Michael Young, Sen. James Buck, Sen. Karen Tallian
Sponsors: Rep. David Frizzell
  • Sen. R Michael Young
    Sen. R Michael Young

    Author

  • Sen. James Buck
    Sen. James Buck

    Author

  • Sen. Karen Tallian
    Sen. Karen Tallian

    Author

  • Rep. David Frizzell
    Rep. David Frizzell

    Sponsor

  • Rep. Gregory Porter
    Rep. Gregory Porter

    Co-Sponsor

DIGEST

Lump sum payment of ASA contributions. Provides that contributions posted to a public employees' retirement fund (PERF) or teachers' retirement fund (TRF) member's annuity savings account (ASA) after the final date on which the PERF or TRF member's retirement benefit is processed may be distributed to the member as determined by the rules of the board of trustees (board) of the Indiana public retirement system. Removes a requirement that these contributions be paid as a lump sum. Requires the board to obtain the member's consent to the form of the distribution if the amount exceeds $1,000.