LEGISLATIVE SERVICES AGENCY
OFFICE OF FISCAL AND MANAGEMENT ANALYSIS
FISCAL IMPACT STATEMENT
LS 7154 NOTE PREPARED: Jan 3, 2025
BILL NUMBER: SB 416 BILL AMENDED:
SUBJECT: Public Defender Participation in PARF.
FIRST AUTHOR: Sen. Rogers BILL STATUS: As Introduced
FIRST SPONSOR:
FUNDS AFFECTED: GENERAL IMPACT: Pending
DEDICATED
FEDERAL
Summary of Legislation: Membership in the Prosecuting Attorneys Retirement Fund (PARF): The bill adds
a person who serves in one of the following positions on or after January 1, 2016, to PARF:
(1) The state public defender or chief deputy state public defender employed by the state public defender.
(2) The executive director of the Public Defender Council of Indiana or the second highest paid staff person
or a full-time staff attorney employed by the Public Defender Council of Indiana.
(3) The highest paid or the second highest paid staff person employed by the Indiana Commission on Court
Appointed Attorneys.
(4) A chief public defender or chief deputy public defender.
The bill also allows staff attorneys of the Prosecuting Attorneys Council of Indiana employed on or after
January 1, 2012, to participate in PARF. This bill also changes the name of the Prosecuting Attorneys
Retirement Fund to the Prosecuting Attorneys and Public Defenders Retirement Fund.
Benefit and Contribution for Members with more than 22 Years of Service: The bill provides that after a
participant has contributed to PARF for 22 years, the state or county shall pay the contributions to the fund
for the participant.
Salary Rate Used to Calculate PARF Benefits: It provides that the computation of benefits is based in part
on the highest salary that was paid to the participant before separation from service.
Benefit Calculation: It provides that 1% shall be added to the percentage used to calculate benefits for each
year of service after 22 years.
Reduced Early Retirement Penalty: The bill provides that a reduced annual retirement benefit equals the
benefit that would be payable if the participant were 65 years of age reduced by 0.10% for each month before
the participant's sixty-fifth birthday.
SB 416 1 Cost of Living Adjustment for PARF: The bill provides for a cost of living adjustment (COLA) for
participants of PARF based on increases to judge salaries.
Purchase of Service Credits: It allows a participant to receive service credit in PARF for more than one year
and less than 10 years of service received by the participant in the Public Employees' Retirement Fund
(PERF) under certain conditions.
PERF Offset: The bill provides for the calculation of an offset of PARF benefits payable to a participant from
a participant's Public Employees' Retirement Fund Benefits based on the concurrent service and wages the
participant earned in both the Public Employees' Retirement Fund and PARF.
It also makes corresponding changes.
Effective Date: July 1, 2025.
Explanation of State Expenditures: As of the above date, the fiscal analysis of this bill has not been
completed. Please contact the Office of Fiscal and Management Analysis for an update of this fiscal impact
statement.
Explanation of State Revenues:
Explanation of Local Expenditures:
Explanation of Local Revenues:
State Agencies Affected:
Local Agencies Affected:
Information Sources:
Fiscal Analyst: Camille Tesch, 317-232-5293.
SB 416 2