Indiana legislation · 2026 Regular Session
Indiana HB1300: Deferred retirement option plan.
Status: In committee, January 6, 2026
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.
What the bill says
A bill FOR AN ACT to amend the Indiana Code concerning pensions.
From the introduced text:
A BILL FOR AN ACT to amend the Indiana Code concerning pensions. SECTION 1. IC 36-8-8.5-10, AS AMENDED BY P.L.129-2024, SECTION 10 AND P.L.136-2024, SECTION 56, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2026]: Sec. 10. A member who elects to enter the DROP shall do the following: (1) Agree to the following: (A) Except as provided in clause (F), the member shall execute an irrevocable election to retire on the DROP retirement date and shall remain in active service until that date. (B) While in the DROP, the member shall continue to make contributions to the applicable fund under the provisions of that fund. (C) The member shall elect a DROP retirement date not less than twelve (12) months and not more than: (i) thirty-six (36) months after the member's DROP entry date, for a member who executes an election described in clause (A) before July 1, 2024; or 2026 IN 1300--LS 6329/DI (ii) sixty (60) months after the member's DROP entry date, for a member who executes an election described in clause (A) after June 30, 2024. (D) The member may not remain in the DROP after the date the member reaches any mandatory retirement age that may apply to the member. (E) Except as provided in clause (F), the member may make an election to …
Sponsors
- Vernon Smith (D, HD-014) · primary sponsor
Latest actions
- : First reading: referred to Committee on Employment, Labor and Pensions
- : Authored by Representative Smith V
Subjects: PENSIONS AND RETIREMENT BENEFITS; Public Retirement System (INPRS) (Including Excise, Gaming and Conservation Officers' Retireme
Common questions
- What is HB1300?
- HB1300 is a bill in the Indiana Legislature (2026 Regular Session): Deferred retirement option plan.
- What does HB1300 do?
- In its own words: A bill FOR AN ACT to amend the Indiana Code concerning pensions.
- What is the status of HB1300?
- In committee as of January 6, 2026. Latest action: First reading: referred to Committee on Employment, Labor and Pensions (January 6, 2026).
- Who sponsored HB1300?
- Vernon Smith (D, HD-014).
- Where is the official record for HB1300?
- On the Indiana Legislature website: https://iga.in.gov/legislative/2026/bills/house/1300
Source: official Indiana record. Tracked by Delilah, AI for legislation across all 50 states and Congress.