IndianaSB 250First Regular Session 124th General Assembly (2025)SenateWALLET

Pension matters.

Sponsored By: Brian Buchanan (Republican)

Failed

Summary

Modifies the definition of "average of the annual compensation" for a member of the public employees' retirement fund (PERF) who retires after December 31, 2026. Specifies that compensation received in contemplation of retirement is excluded from the average of the annual compensation for particular members of PERF and the Indiana state teachers' retirement fund (TRF). Repeals a provision requiring the board of trustees of the Indiana public retirement system (board) to maintain separate accounts for each unit of local government. Provides that amounts forfeited under the public employees defined contribution plan must be used as determined by the board. (Current law requires these amounts to be used to reduce the unfunded accrued liability of PERF.) Specifies a process by which a fully vested member of the public employees' defined contribution plan or the teachers' defined contribution plan may irrevocably elect to participate in PERF or TRF, as applicable. Modifies the information that must be included in a delinquency notice to a delinquent political subdivision. Specifies the circumstances under which an employer under the 1977 police officers' and firefighters' pension and disability fund is required to pay for certain mental health care and treatment. Makes conforming amendments. (The introduced version of this bill was prepared by the interim study committee on pension management oversight.)

pensions and laborappropriationsthe houseemployment

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Brian Buchanan

    Republican • Senate

Cosponsors

  • David Niezgodski

    Democratic • Senate

  • Linda Rogers

    Republican • Senate

  • Martin Carbaugh

    Republican • House

  • Victoria Garcia Wilburn

    Democratic • House

Roll Call Votes

All Roll Calls

Yes: 49 • No: 0

Senate vote • 2/20/2025

Third reading: passed

Yes: 49 • No: 0

Actions Timeline

  1. Recommitted to Committee on Ways and Means pursuant to House Rule 126.3

    3/20/2025House
  2. Committee report: amend do pass, adopted

    3/20/2025House
  3. Representative Garcia Wilburn added as cosponsor

    3/20/2025House
  4. First reading: referred to Committee on Employment, Labor and Pensions

    3/3/2025House
  5. Referred to the House

    2/21/2025Senate
  6. House sponsor: Representative Carbaugh

    2/20/2025Senate
  7. Third reading: passed; Roll Call 180: yeas 49, nays 0

    2/20/2025Senate
  8. Second reading: ordered engrossed

    2/18/2025Senate
  9. Senator Niezgodski added as coauthor

    2/13/2025Senate
  10. Committee report: amend do pass, adopted

    2/13/2025Senate
  11. Committee report: amend do pass adopted; reassigned to Committee on Appropriations

    1/29/2025Senate
  12. Authored by Senators Buchanan and Rogers

    1/13/2025Senate
  13. First reading: referred to Committee on Pensions and Labor

    1/13/2025Senate

Bill Text

  • Introduced Senate Bill (S)

  • Senate Bill (H)

  • Senate Bill (S)

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