SB0513: A BILL FOR AN ACT to amend the Indiana Code concerning state and local administration and to make an appropriation.
Page last updated: Sunday, April 20, 2025 at 8:04 PM (America/Indianapolis).
General Information
- Stage: Introduced Senate Bill (S)
- Current Chamber: senate
- Origin Chamber: senate
- Description: State administered retirement program.
Legislators
Authors (3)
Coauthors (9)
- Senator Fady Qaddoura (Democratic)
- Senator Andrea Hunley (Democratic)
- Senator La Keisha Jackson (Democratic)
- Senator Rodney Pol (Democratic)
- Senator J.D. Ford (Democratic)
- Senator Jean Leising (Republican)
- Senator Susan Glick (Republican)
- Senator David Niezgodski (Democratic)
- Senator Lonnie Randolph (Democratic)
Sponsors (0)
Cosponsors (0)
Advisors (0)
Conferees (0)
Actions (7 total)
- Feb 17, 2025, 1:45 PM: Senator Randolph added as coauthor
- Jan 29, 2025, 9:06 AM: Senator Niezgodski added as coauthor
- Jan 27, 2025, 11:01 AM: Senators Leising and Glick added as coauthors
- Jan 21, 2025, 10:09 AM: Senator Ford J.D. added as coauthor
- Jan 16, 2025, 9:13 AM: First reading: referred to Committee on Appropriations
- Jan 16, 2025, 9:13 AM: Authored by Senators Becker, Walker G, Alting
- Jan 16, 2025, 9:13 AM: Coauthored by Senators Qaddoura, Hunley, Jackson L, Pol
Digest
Establishes a board to design, establish, and operate a state administered retirement program (program) that automatically enrolls specified private sector employees. Requires program compliance by certain employers that have not, in the previous two calendar years, offered a qualified retirement plan to employees. Specifies the powers and duties of the board. Specifies program requirements, including default contribution levels and program fees. Requires the board to contract with investment managers, private financial institutions, or other service providers to invest money and administer the program. Limits the liability of particular parties associated with the program. Specifies board requirements for disclosure, audits, and reports. Requires the board to adopt certain rules. Makes an appropriation.