HB1314: A BILL FOR AN ACT to amend the Indiana Code concerning pensions.
Page last updated: Sunday, April 20, 2025 at 6:53 PM (America/Indianapolis).
General Information
- Stage: Introduced House Bill (H)
- Current Chamber: house
- Origin Chamber: house
- Description: Deferred retirement option plan.
Legislators
Authors (1)
Coauthors (0)
Sponsors (0)
Cosponsors (0)
Advisors (0)
Conferees (0)
Actions (2 total)
- Jan 13, 2025, 11:26 AM: First reading: referred to Committee on Employment, Labor and Pensions
- Jan 13, 2025, 11:26 AM: Authored by Representative Smith V
Digest
Allows a member of the 1925 police pension fund, 1937 firefighters' pension fund, 1953 police pension fund (Indianapolis), or 1977 police officers' and firefighters' pension and disability fund to withdraw from the deferred retirement option plan (DROP) and make an election to enter the DROP for a second time not earlier than three years after the date the member withdraws from the DROP. Provides that a member may make an election to enter the DROP only twice in the member's lifetime.