Skip to main content
House Bill 1302


House Bill 1302

ARCHIVE (2000)

Latest Information

 

DIGEST OF HB1302 (Updated February 1, 2000 9:15 PM - DI 84)


Public employee pensions and health benefits. Permits the surviving spouse of a retired state employee to remain eligible for the retired employee's group health insurance until the surviving spouse remarries or becomes eligible for Medicare. (Current law terminates the surviving spouse's eligibility two years after the date of the employee's death.) Permits the surviving spouse of a retired local unit employee to remain eligible for the retired employee's group health insurance until the surviving spouse remarries or becomes eligible for Medicare. (Current law terminates the surviving spouse's eligibility two years after the date of the retired employee's death.) Provides that up to $5,000 (instead of $2,000) of compensation received by a member of the public employees' retirement fund (PERF) or the Indiana state teachers' retirement fund (TRF) in contemplation of the member's retirement may be included in determining the average of the annual compensation for purposes of the PERF and TRF pension formulas. For a member of the Indiana state teachers' retirement fund, provides that the average of the three years of service in which the member's annual compensation was highest shall be used in computing the member's retirement benefit. (Current law bases the benefit on a five year average.) Increases the multiplier used to determine retirement benefits for members of the Indiana state teachers' retirement fund from 1.1% to 1.3%. Provides military service credit under certain conditions for a member of TRF who completed his or her military service before beginning a four year approved teacher training program.
Current Status:
 Failed for Lack of Constitutional Majority
>Latest Printing > (PDF)