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Senate Bill 0064


Senate Bill 0064

ARCHIVE (2000)

Latest Information

 

DIGEST OF SB 64 (Updated March 3, 2000 3:56 PM - DI 73)


PERF and TRF administration. Provides that the public employees' retirement fund (PERF) and the Indiana state teachers' retirement fund (TRF) are independent bodies corporate and politic, and not departments or agencies of the state. Specifies that PERF and TRF are independent instrumentalities exercising essential government functions. Provides that the PERF board and the TRF board shall each adopt a budget for its respective fund. Requires the PERF board and the TRF board to report annually to the governor, the state budget committee, and the pension management oversight commission. Specifies information that must be reported. Specifies that the police officer and firefighter members of the 1977 fund advisory committee may be active or retired members of police and firefighter retirement funds. Specifies that employees of PERF or TRF who are employed within a classification covered by a labor agreement to which the state is a party remain subject to the terms and conditions of that agreement and any successor labor agreements. (The introduced version of this bill was prepared by the pension management oversight commission.)
    Current Status:
     Law Enacted
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