Senate Bill 0072
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DIGEST OF SB72 (Updated January 26, 2010 3:54 pm - DI 84)
PERF and TRF benefit determination review. Provides that a member of the public employees' retirement fund (PERF) or the Indiana state teachers' retirement fund (TRF) may petition the board of trustees of the member's fund (board) to correct an error in a determination of the member's: (1) creditable service; or (2) benefit; at any time. Provides that if the board does not find an error in the determination and the member petitioned the board within six years after the determination, the member may appeal the board's decision under the administrative orders and procedures law. Updates language concerning the TRF board's distribution of TRF's investment earnings.
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