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House Bill 1205


House Bill 1205

ARCHIVE (2010)

Latest Information

 

DIGEST OF HB 1205 (Updated March 12, 2010 10:31 pm - DI 102)


PERF and TRF matters. Requires the board of trustees of the public employees' retirement fund (PERF) and the board of trustees of the Indiana state teachers' retirement fund (TRF) to appoint and fix the compensation of a common director for PERF and TRF. Requires that PERF and TRF each pay 50% of the director's compensation. Requires the PERF and TRF boards to cooperate to the extent practicable and feasible in administering and investing the assets of the funds and in hiring investment managers, investment advisors, and other service providers. Provides for a thirteenth check for PERF and TRF members, survivors, and beneficiaries. Provides for a thirteenth check for employee beneficiaries of the state police 1987 benefit system who retired or were disabled after June 30, 1987, and before July 2, 2008, and were entitled to receive a monthly benefit as of June 1, 2010.
Current Status:
 Law Enacted
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