Skip to content
Search events. View events.

House of Representatives Republican Caucus

Submit Events

Welcome to the Calendar. Please use the Help button to the right for any assistance while using the Calendar.

Click for help in using calendar displays. Print the contents of the current screen.

Advanced Search

(New Search)




Entry Details
Notify me if this event changes.Add this event to my personal calendar.Email this entry to a friend.
Go Back
[r59] Governor signs pension bills into law
Start Date: 4/4/2014Start Time: 8:00 AM
Entry Description

Governor signs pension bills into law

STATEHOUSE- State Representative Milo Smith (R-Columbus) is the coauthor of HEA 1074 and HEA 1075, both dealing with public pensions. These bills have been signed into law by the governor.

HEA 1074 will provide a 13th check for certain members of the Indiana State Teachers’ Retirement Fund (TRF), Public Employees Retirement Fund (PERF), State Excise Police, Gaming Agent, Gaming Control Officer, Conservation Enforcement Officers’ Retirement Fund (C&E Fund), State Police 1987 Benefits System and State Police Pre-1987 Benefits system.

“This new law greatly benefits teachers, police officers and other public employees by giving them additional financial support,” said Rep. Smith. “When the recession hit, cuts had to be made to balance state reserves, which affected nearly 130,000 public retirees. Our proven track record of fiscal responsibility has put us in a position to provide additional support for all of these Hoosiers.”

HEA 1075 will eventually allow for a more market-driven approach to civil service annuities by allowing the Indiana Public Retirement System (INPRS) to enter into an agreement with a third-party provider to offer annuities to retiring and retired members of PERF and TRF after January 1, 2017.

“This legislation is essential for easing Indiana’s allowance of annuity rates being market- based and shift the liability from the state to a private vendor,” said Rep. Smith. “We decided on 2017 to be mindful of those public servants looking to retire in the next five years.”

 Both HEA 1074 and HEA 1075 will go into effect July 1, 2014.

Contact Information:
Name: Lindsay Devlin
Phone: 317-232-9695
Attachments For This Entry:
    > Governor signs pension bills into law
Entry Type:
Press Release
Entry Category:
  • Announcements
  • Category:
  • Government
  • Agency Name
    House of Representatives Republican Caucus

    Calendar Software powered by Active Calendar and Active Data Calendar   
    Select item(s) to Search

    Select item(s) to Search
    Select item(s) to Search

    Select item(s) to Search