Indiana 2021 Regular Session Status: In Committee

SB 219 — Teacher's retirement fund appropriation.

Last action — First reading: referred to Committee on Appropriations

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 2021 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Requires the auditor of state to transfer $100,000,000 each state fiscal year from the pension stabilization fund to the department of education to be used by the department of education to provide supplemental funding for teacher salaries. Makes a continuing appropriation for this purpose. Requires the board of the Indiana public retirement system to revise the amortization period used by the board for the actuarial determination with regard to the pension stabilization fund to extend the amortization period for the required appropriations to the fund beyond an ending year of 2038, which was used by the board for the actuarial determination for the state fiscal year ending June 30, 2021, to an amortization period for the actuarial determination that extends beyond year 2038 in order to account for the annual transfers from the pension stabilization fund, but without any increase to contribution rates for those state fiscal years. Extends the allowable amortization period from 30 years to 37 years.

Bill Text

We don't have the full text on file for this bill yet.

Read SB 219 on the official Indiana source →

Action History

  1. First reading: referred to Committee on Appropriations

  2. Authored by Senator Tallian

Sponsors

  • Karen Tallian · Primary

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 149 not signed on

Sponsors (1)

  • Karen Tallian

Co-sponsors (0)

None.

Not signed on (149)

149 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance labor education
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Frequently asked questions

What does SB 219 do?
Requires the auditor of state to transfer $100,000,000 each state fiscal year from the pension stabilization fund to the department of education to be used by the department of education to provide supplemental funding for teacher salaries. Makes a continuing appropriation for this purpose. Requires the board of the Indiana public retirement system to revise the amortization period used by the board for the actuarial determination with regard to the pension stabilization fund to extend the amortization period for the required appropriations to the fund beyond an ending year of 2038, which was used by the board for the actuarial determination for the state fiscal year ending June 30, 2021, to an amortization period for the actuarial determination that extends beyond year 2038 in order to account for the annual transfers from the pension stabilization fund, but without any increase to contribution rates for those state fiscal years. Extends the allowable amortization period from 30 years to 37 years.
Who sponsors SB 219?
SB 219 is sponsored by Karen Tallian.
What is the current status of SB 219?
This bill died with 2021 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track SB 219?
Track SB 219 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes 3 months ago · updated continuously

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