Indiana legislation · 2025 Regular Session
Indiana HB1221: Pension matters.
Status: Chaptered, May 6, 2025
Pension matters. Amends provisions regarding the surcharge rates established by the Indiana public retirement system to actuarially prefund certain postretirement benefits. Adds provisions requiring the treasurer of state to determine a surcharge amount that is to be paid into the supplemental reserve account for the state police pre-1987 and 1987 benefit systems. Provides for a thirteenth check in calendar year 2025 for certain members, participants, or beneficiaries of the: (1) Indiana state teachers' retirement fund; (2) Indiana public employees' retirement fund; (3) state excise police, gaming agent, gaming control officer, and conservation enforcement officers' retirement plan; (4) state police pre-1987 benefit system; and (5) state police 1987 benefit system. Makes conforming changes.
Sponsors
- Michael Karickhoff (R, HD-030) · primary sponsor
- Ben Smaltz (R, HD-052)
- Heath VanNatter (R, HD-038)
- Gregory Porter (D, HD-096)
- Brian Buchanan (R, SD-007)
- Linda Rogers (R, SD-011)
- Andrea Hunley (D, SD-046)
- Rodney Pol (D, SD-004)
- Stacey Donato (R, SD-018)
- David Niezgodski (D, SD-010)
- Shelli Yoder (D, SD-040)
- Randy Maxwell (R, SD-043)
Votes
- Senate - Rules Suspended. Conference Committee Report 1 (April 24, 2025): 39 yea, 11 nay, passed
- House - Rules Suspended. Conference Committee Report 1 (April 23, 2025): 90 yea, 0 nay, passed
- Senate - Third reading (April 15, 2025): 46 yea, 3 nay, passed