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House Bill 1559


House Bill 1559

ARCHIVE (2013)

Latest Information

 

DIGEST OF INTRODUCED BILL


PERF and TRF ASA distributions. Requires the Indiana state teachers' retirement fund (TRF) and the public employee's retirement fund (PERF) to send a member information explaining the distribution options available for the member's annuity savings account (ASA) not later than 10 days after receiving the member's request for an application for retirement benefits. Requires TRF and PERF to process and pay a member's request for a lump sum or rollover distribution of the member's ASA not later than the later of: (1) 90 days after receiving the member's distribution choice; or (2) 10 business days after the member's last day of service.
Current Status:
 In Committee - first House
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