Indiana 2025 Regular Session

Indiana House Bill HB1479 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1
2	2	Introduced Version
3	3	HOUSE BILL No. 1479
4	4	_____
5	5	DIGEST OF INTRODUCED BILL
6	6	Citations Affected: IC 10-12-5.
7	7	Synopsis: State police pensions. Extends eligibility for supplemental
8	8	pension benefits and incentive increases to employee beneficiaries of
9	9	the state police 1987 benefit system. (Current law provides eligibility
10	10	to employee beneficiaries under the state police pre-1987 benefit
11	11	system.) Modifies the: (1) terms of eligibility for; and (2) calculation
12	12	of; supplemental pension benefits and incentive increases.
13	13	Effective: July 1, 2025.
14	14	Davis
15	15	January 21, 2025, read first time and referred to Committee on Employment, Labor and
16	16	Pensions.
17	17	2025 IN 1479—LS 7568/DI 144 Introduced
18	18	First Regular Session of the 124th General Assembly (2025)
19	19	PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana
20	20	Constitution) is being amended, the text of the existing provision will appear in this style type,
21	21	additions will appear in this style type, and deletions will appear in this style type.
22	22	Additions: Whenever a new statutory provision is being enacted (or a new constitutional
23	23	provision adopted), the text of the new provision will appear in this style type. Also, the
24	24	word NEW will appear in that style type in the introductory clause of each SECTION that adds
25	25	a new provision to the Indiana Code or the Indiana Constitution.
26	26	Conflict reconciliation: Text in a statute in this style type or this style type reconciles conflicts
27	27	between statutes enacted by the 2024 Regular Session of the General Assembly.
28	28	HOUSE BILL No. 1479
29	29	A BILL FOR AN ACT to amend the Indiana Code concerning
30	30	pensions.
31	31	Be it enacted by the General Assembly of the State of Indiana:
32	32	1 SECTION 1. IC 10-12-5-1 IS AMENDED TO READ AS
33	33	2 FOLLOWS [EFFECTIVE JULY 1, 2025]: Sec. 1. This chapter is
34	34	3 intended to be a supplement to IC 10-12-3 and IC 10-12-4 and does
35	35	4 not repeal, impair, or otherwise adversely affect the pension fund or
36	36	5 pension benefits provided for in IC 10-12-3 and IC 10-12-4 for eligible
37	37	6 employees of the department.
38	38	7 SECTION 2. IC 10-12-5-2 IS AMENDED TO READ AS
39	39	8 FOLLOWS [EFFECTIVE JULY 1, 2025]: Sec. 2. To become eligible
40	40	9 for any supplemental benefits provided in this chapter, an employee of
41	41	10 the department must:
42	42	11 (1) be at least fifty-five (55) years of age;
43	43	12 (2) have completed at least:
44	44	13 (A) twenty (20) years of service with the department, or be
45	45	14 retired by virtue of becoming fifty-five (55) years of age; if
46	46	15 IC 10-12-3 applies to the employee; or
47	47	16 (B) twenty-five (25) years of service with the department,
48	48	17 if IC 10-12-4 applies to the employee; and
49	49	2025 IN 1479—LS 7568/DI 144 2
50	50	1 (3) be eligible to receive retirement benefits under IC 10-12-3 or
51	51	2 IC 10-12-4.
52	52	3 SECTION 3. IC 10-12-5-3, AS AMENDED BY P.L.201-2023,
53	53	4 SECTION 124, IS AMENDED TO READ AS FOLLOWS
54	54	5 [EFFECTIVE JULY 1, 2025]: Sec. 3. (a) The pension advisory board
55	55	6 that administers the pension under IC 10-12-3 and IC 10-12-4 shall
56	56	7 direct and supervise the supplemental benefits provided in this chapter.
57	57	8 (b) The pension advisory board shall:
58	58	9 (1) annually provide a schedule showing the number of retirees
59	59	10 receiving pension benefits under IC 10-12-3 and IC 10-12-4; and
60	60	11 (2) meet at least one (1) time each year to add to the regular basic
61	61	12 monthly pension benefit amount or annuity and any previously
62	62	13 granted supplemental benefit the amount described in subsection
63	63	14 (c), or (d), (e), or (f).
64	64	15 (c) This subsection applies only to a retiree under IC 10-12-3 who
65	65	16 is eligible for the first time under section 2 of this chapter to receive a
66	66	17 supplemental benefit. The supplemental benefit referred to in
67	67	18 subsection (b)(2) for a retiree in the first year the retiree is eligible for
68	68	19 a supplemental benefit is the sum of:
69	69	20 (1) the difference between:
70	70	21 (A) the retiree's basic monthly pension benefit; amount; and
71	71	22 (B) the basic monthly pension benefit: amount:
72	72	23 (i) received by an employee retiring in that year from the
73	73	24 department with twenty (20) years of active service whose
74	74	25 average monthly wage is equal to the monthly wage
75	75	26 received by a police employee in the grade of trooper at
76	76	27 the beginning of the trooper's sixth year of service; and
77	77	28 (ii) computed on the day the pension advisory board meets
78	78	29 as required under subsection (b)(2); plus
79	79	30 (2) any amount computed under subsection (d) after the date the
80	80	31 retiree reaches fifty-five (55) years of age.
81	81	32 (d) This subsection applies to a retiree under IC 10-12-3 who is
82	82	33 eligible under section 2 of this chapter to receive a supplemental
83	83	34 benefit, but whose supplemental benefit is not computed under
84	84	35 subsection (c). The supplemental benefit referred to in subsection
85	85	36 (b)(2) is equal to fifty percent (50%) of the difference between:
86	86	37 (1) the basic monthly pension benefits amount to be received by
87	87	38 an employee retiring from the department:
88	88	39 (A) with twenty (20) years of active service; and
89	89	40 (B) whose average monthly wage is equal to the monthly
90	90	41 wage received by a police employee in the grade of trooper
91	91	42 at the beginning of the trooper's sixth year of service;
92	92	2025 IN 1479—LS 7568/DI 144 3
93	93	1 the day after a change in the monthly wage received by a police
94	94	2 employee in the grade of trooper at the beginning of the trooper's
95	95	3 fourth sixth year of service; and
96	96	4 (2) the basic monthly pension benefit amount received by an
97	97	5 employee retiring from the department:
98	98	6 (A) with twenty (20) years of active service; and
99	99	7 (B) whose average monthly wage is equal to the monthly
100	100	8 wage received by a police employee in the grade of trooper
101	101	9 at the beginning of the trooper's sixth year of service;
102	102	10 the day before a change in the monthly wage received by a police
103	103	11 employee in the grade of trooper at the beginning of the trooper's
104	104	12 fourth sixth year of service.
105	105	13 (e) This subsection applies only to a retiree under IC 10-12-4
106	106	14 who is eligible for the first time under section 2 of this chapter to
107	107	15 receive a supplemental benefit. The supplemental benefit referred
108	108	16 to in subsection (b)(2) for a retiree in the first year the retiree is
109	109	17 eligible for a supplemental benefit is the sum of:
110	110	18 (1) the difference between:
111	111	19 (A) the retiree's basic monthly pension amount; and
112	112	20 (B) the basic monthly pension amount:
113	113	21 (i) received by an employee retiring in that year from the
114	114	22 department with twenty-five (25) years of active service
115	115	23 whose average monthly wage is equal to the monthly
116	116	24 wage received by a police employee in the grade of
117	117	25 trooper at the beginning of the trooper's sixth year of
118	118	26 service; and
119	119	27 (ii) computed on the day the pension advisory board
120	120	28 meets as required under subsection (b)(2); plus
121	121	29 (2) any amount computed under subsection (f) after the date
122	122	30 the retiree reaches fifty-five (55) years of age.
123	123	31 (f) This subsection applies to a retiree under IC 10-12-4 who is
124	124	32 eligible under section 2 of this chapter to receive a supplemental
125	125	33 benefit, but whose supplemental benefit is not computed under
126	126	34 subsection (e). The supplemental benefit referred to in subsection
127	127	35 (b)(2) is equal to fifty percent (50%) of the difference between:
128	128	36 (1) the basic monthly pension amount to be received by an
129	129	37 employee retiring from the department:
130	130	38 (A) with twenty-five (25) years of active service; and
131	131	39 (B) whose average monthly wage is equal to the monthly
132	132	40 wage received by a police employee in the grade of trooper
133	133	41 at the beginning of the trooper's sixth year of service;
134	134	42 the day after a change in the monthly wage received by a
135	135	2025 IN 1479—LS 7568/DI 144 4
136	136	1 police employee in the grade of trooper at the beginning of the
137	137	2 trooper's sixth year of service; and
138	138	3 (2) the basic monthly pension amount received by an
139	139	4 employee retiring from the department:
140	140	5 (A) with twenty-five (25) years of active service; and
141	141	6 (B) whose average monthly wage is equal to the monthly
142	142	7 wage received by a police employee in the grade of trooper
143	143	8 at the beginning of the trooper's sixth year of service;
144	144	9 the day before a change in the monthly wage received by a
145	145	10 police employee in the grade of trooper at the beginning of the
146	146	11 trooper's sixth year of service.
147	147	12 SECTION 4. IC 10-12-5-4, AS AMENDED BY P.L.1-2009,
148	148	13 SECTION 89, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
149	149	14 JULY 1, 2025]: Sec. 4. This section applies to supplemental benefits
150	150	15 paid to employee beneficiaries receiving pension benefits under
151	151	16 IC 10-12-3. As an incentive to all employees of the department, the
152	152	17 supplemental pension benefits of this chapter shall be increased by
153	153	18 more than the increase provided in section 3(c) or 3(d) of this chapter,
154	154	19 at the rate of a five percent (5%) per year increase for each year of
155	155	20 active service over twenty (20) years up to thirty (30) years of service,
156	156	21 as calculated in section 3(c) or 3(d) of this chapter.
157	157	22 SECTION 5. IC 10-12-5-4.5 IS ADDED TO THE INDIANA CODE
158	158	23 AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY
159	159	24 1, 2025]: Sec. 4.5. This section applies to supplemental benefits paid
160	160	25 to employee beneficiaries receiving pension benefits under
161	161	26 IC 10-12-4. As an incentive to all employees of the department, the
162	162	27 supplemental pension benefits of this chapter shall be increased by
163	163	28 more than the increase provided in section 3(e) or 3(f) of this
164	164	29 chapter, at the rate of a five percent (5%) per year increase for
165	165	30 each year of active service over twenty-five (25) years up to
166	166	31 thirty-five (35) years of service, as calculated in section 3(e) or 3(f)
167	167	32 of this chapter.
168	168	2025 IN 1479—LS 7568/DI 144