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House Bill 1283

House Bill 1283

ARCHIVE (2000)

Latest Information

DIGEST OF HB1283 (Updated February 22, 2000 3:26 PM - DI 84)

Teacher retirement contributions. Allows a member of the Indiana state teachers' retirement fund or the public employees' retirement fund to make contributions to the member's annuity savings account in addition to the member's required contributions. Provides that the total amount contributed by a member (including any amounts contributed on behalf of the member) may not exceed 10% of the member's compensation. Allows an employer to pick-up and pay these additional contributions made by a PERF or TRF member to the member's annuity savings account. Requires the employer to reduce the member's compensation by an amount equal to the amount of the member's contributions that are picked-up by the employer in this manner.
Current Status:
Law Enacted
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