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Senate Bill 0526


Senate Bill 0526

ARCHIVE (2013)

Latest Information

 

DIGEST OF SB 526 (Updated April 23, 2013 2:15 pm - DI 102)


PERF membership and retirement benefits. Provides that, after June 30, 2013, members and full- time employees of the state lottery commission are members of the public employees' retirement fund (PERF). Provides that a retired member of PERF who, after June 30, 2013, begins a period of reeemployment in a position covered by PERF continues to receive a retirement benefit, but does not earn a supplemental retirement benefit for the member's period of reemployment. Provides that a retired member of PERF who, before July 1, 2013, begins a period of reemployment in a position covered by PERF earns a supplemental benefit for the member's entire period of reemployment. (Currently, a member of the Indiana state teachers' retirement fund who retires and is reemployed in a position covered by the Indiana state teachers' retirement fund continues to receive a retirement benefit, but does not earn a supplemental retirement benefit for the member's period of reemployment.)
    Current Status:
     Law Enacted
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