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House Bill 1434


House Bill 1434

ARCHIVE (2001)

Latest Information

 

DIGEST OF HB1434 (Updated February 5, 2001 3:34 PM - DI 84)


Pensions for law enforcement. Provides that a park ranger employed in Evansville who attended a law enforcement academy outside Indiana may become a member of the 1977 pension fund. (Current law provides that a park ranger in Evansville may become a member of the fund only if the park ranger attended the Indiana law enforcement academy.) Provides that the Lake County sheriff's department may establish a pension trust for the correctional officers in the county. Establishes a maximum monthly contribution to the pension trust of 4% of a correctional officer's average monthly wages. Allows the department to pay all or part of an employee's monthly contribution. Provides that a correctional officer who completes at least 20 years of service and is at least 55 years of age is eligible for retirement with a monthly pension. Allows a correctional officer who has at least ten but less than 20 years of service or who is at least 45 years of age with 20 years of service to retire with a reduced monthly pension. Provides formulas for calculating monthly pension and reduced monthly pension amounts. Allows the sheriff's department to establish and operate a death benefit program for the survivors of a deceased correctional officer. Allows the sheriff's department to provide disability benefits to correctional officers.
Current Status:
 In Committee - 2nd House
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