Indiana legislation · 2026 Regular Session
Indiana SB14: Pension matters.
Status: Signed into law, February 27, 2026
Modifies the definition of "average of the annual compensation" for a member of the public employees' retirement fund (PERF) who retires after December 31, 2027. Specifies that compensation received in contemplation of retirement is excluded from the average of the annual compensation for particular members of PERF and the Indiana state teachers' retirement fund (TRF). Repeals a provision requiring the board of trustees of the Indiana public retirement system (board) to maintain separate accounts for each unit of local government. Provides that amounts forfeited under the public employees defined contribution plan must be used as determined by the board. Specifies a process by which a fully vested member of the public employees' defined contribution plan or the teachers' defined contribution plan may irrevocably elect to participate in PERF or TRF, as applicable. Modifies the information that must be included in a delinquency notice to a delinquent political subdivision. Modifies the requirements that apply to certain PERF members purchasing and claiming years of service credit in PERF. Allows, subject to particular requirements, certain TRF members to purchase and claim years of service credit in TRF. Allows a PERF or TRF member's employer to pay all or part of the member's contributions required for purchase of service credit. Allows a wage assignment to be made for the purpose of paying voluntary contributions of an employee of a political subdivision to a tax deferred retirement account. Provides that a municipality, a unit, an airport authority, a school corporation, or a charter school may require certain members of PERF to continue as members of that fund instead of the 1977 police officers' and firefighters' pension and disability fund (1977 fund). Requires, subject to certain limitations, the state to make contributions after December 31, 2026, that match, dollar for dollar, each state employee's deferred compensation contributions, not to exceed $28 per pa
What the bill says
An act to amend the Indiana Code concerning pensions.
From the enrolled text:
AN ACT to amend the Indiana Code concerning pensions. SECTION 1. IC 5-1-14-15, AS AMENDED BY P.L.146-2008, SECTION 30, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2026]: Sec. 15. (a) Before July 1, 2008, a county or municipality may issue bonds, notes, or other obligations for the purpose of providing funds to pay pension benefits under IC 36-8-6, IC 36-8-7, or IC 36-8-7.5. (b) Notwithstanding any other law: (1) bonds, notes, or other obligations issued for the purpose described in this section may have a final maturity date up to, but not exceeding, forty (40) years from the date of original issuance; and (2) the amount of bonds, notes, or other obligations that may be issued for the purpose described in this section may not exceed two percent (2%) of the true tax value of property located within the county or municipality. and (3) the proceeds of bonds, notes, or other obligations issued for the purpose described in this section may be deposited to the issuing county's or municipality's separate account described in IC 5-10.3-11-6. (c) This section is supplemental to all other laws but does not relieve a county or municipality from complying with other procedural requirements for the issuance of bonds, notes, or other obligations. SECTION 2. IC 5-10-1.1-1.5, AS AMENDED BY P.L.9-2024, SEA 14 -- …
Sponsors
- Linda Rogers (R, SD-011) · primary sponsor
- Brian Buchanan (R, SD-007)
- David Niezgodski (D, SD-010)
- Scott Alexander (R, SD-026)
- Blake Doriot (R, SD-012)
- Shelli Yoder (D, SD-040)
Latest actions
- : Public Law 104
- : Signed by the Governor
- : Signed by the Speaker
- : Signed by the President Pro Tempore
- : Signed by the President of the Senate
- : CCR # 1 filed in the Senate
- : CCR # 1 filed in the House
- : Rules Suspended. Conference Committee Report 1: adopted by the House; Roll Call 410: yeas 95, nays 0
- : Rules Suspended. Conference Committee Report 1: adopted by the Senate; Roll Call 314: yeas 49, nays 0
- : House advisors appointed: Isa, Jordan, Moseley
Votes
- SB0014.04.COMH.CCS001 (February 27, 2026): 49 yea, 0 nay, passed
- SB0014.04.COMH.CCH001 (February 27, 2026): 95 yea, 0 nay, passed
- SB0014.04.COMH (February 17, 2026): 90 yea, 0 nay, passed
- SB0014.03.ENGS (January 6, 2026): 49 yea, 0 nay, passed
Subjects: STATE GOVERNMENT; Employees, PENSIONS AND RETIREMENT BENEFITS; Public Retirement System (INPRS) (Including Excise, Gaming and Conservation Officers' Retireme, AGENCIES; Public Retirement System (INPRS), COUNTY GOVERNMENT, LOCAL GOVERNMENT; Generally, SCHOOLS; Officers and Employees (Other than Teachers)
Common questions
- What is SB14?
- SB14 is a bill in the Indiana Legislature (2026 Regular Session): Pension matters.
- What does SB14 do?
- In its own words: An act to amend the Indiana Code concerning pensions.
- What is the status of SB14?
- Signed into law as of February 27, 2026. Latest action: Public Law 104 (March 5, 2026).
- Who sponsored SB14?
- Linda Rogers (R, SD-011), with 5 co-sponsors.
- Where is the official record for SB14?
- On the Indiana Legislature website: https://iga.in.gov/legislative/2026/bills/senate/14
Source: official Indiana record. Tracked by Delilah, AI for legislation across all 50 states and Congress.