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House Bill 1065


House Bill 1065

ARCHIVE (2008)

Latest Information

 

DIGEST OF HB1065 (Updated March 4, 2008 2:05 pm - DI 84)


PERF retirement matters. Provides that a member of the public employees' retirement fund (PERF) who is receiving a benefit and who is a party in an action for dissolution of marriage may elect to change the member's beneficiary or form of benefit. (Current law allows only members of the Indiana state teachers' retirement fund to make such a change.) Provides that this change of beneficiary or form of benefit is also allowed if the dissolution of marriage occurs outside Indiana. Provides that a member of the Indiana state teachers' retirement fund (TRF) who serves in an elected position while eligible to begin receiving retirement benefits has up to 30 days after the member's elected term of office ends to choose whether to retire from TRF or PERF. Authorizes under certain circumstances, until September 1, 2008, the surviving spouse of a deceased PERF of TRF member to be designated as the member's designated beneficiary and to receive benefits as a designated beneficiary to the extent that the surviving spouse otherwise qualifies for the benefits.
Current Status:
 Law Enacted
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