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House Bill 1048

House Bill 1048

ARCHIVE (2011)

Latest Information

DIGEST OF HB1048 (Updated April 25, 2011 2:40 pm - DI 84)

Public pension funds. Makes the following changes: (1) Allows a member of the 1977 police officers' and firefighters' pension and disability fund (1977 fund) (or survivor of a member) who applied for disability prior to 1990 and is receiving a disability benefit to apply to a local board for a recommendation as to whether the member's disability occurred in the line of duty. Provides that the local board shall make a recommendation of its findings to the 1977 fund advisory committee (committee). Provides that the committee shall make an initial determination of whether the member's disability occurred in the line of duty. Provides that if the committee fails to timely provide an initial determination, the default determination will be made by the public employees' retirement fund (PERF) medical authority. Provides that the PERF board makes a final determination of whether the member's disability occurred in the line of duty. Establishes procedures to appeal: (A) a recommendation by the local board; (B) an initial determination by the committee; or (C) an initial default determination made by the PERF medical authority. Requires that a member or survivor apply to the local board within two years of the receipt of a PERF board's notice that the PERF board has received a favorable ruling from the Internal Revenue Service. (2) Provides that an active member of the 1977 fund who has entered the deferred retirement option plan (DROP) before July 1, 2011, may elect to exit the DROP and receive a partial lump sum distribution. Provides that a 1977 fund member who enters the DROP after June 30, 2011, may not elect to receive a partial lump sum distribution. (3) Provides a thirteenth check to participants of the state excise police, gaming agent, gaming control officer, and conservation officers' retirement fund. (3) Repeals or deletes provisions in the statutes governing the following quasi-governmental entities that give those entities the option of establishing a code of ethics for their employees or being under the jurisdiction of the state ethics commission (the state ethics commission statute provides that these entities are "agencies" for purposes of the commission's jurisdiction): (A) Indiana finance authority. (B) Indiana bond bank. (C) PERF. (D) Indiana state teachers' retirement fund. (E) Board for depositories. (F) Indiana housing and community development authority. (G) Ports of Indiana. (H) Bureau of motor vehicles commission. (I) Indiana homeland security foundation. (J) Indiana natural resources foundation. (K) Indiana White River state park development commission. (L) State fair commission. (M) State student assistance commission. (N) Indiana grain indemnity corporation. (O) Indiana political subdivision risk management commission. (The introduced version of this bill was prepared by the pension management oversight commission.)
Current Status:
Law Enacted
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