Indiana 2024 Regular Session Status: Passed Senate Bipartisan · 6 R · 4 D cosponsors

SB 275 — Pension matters.

Last action — Representative Cash added as cosponsor

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

This bill died with 2024 Regular Session. It reached “Passed Senate” 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This bill is no longer active — its legislative session has ended, so there are no live odds of enactment. It would have to be reintroduced in the current session to move again.

Summary

Provides that a state employee may affirmatively elect to enroll in the deferred compensation plan prior to the auto enroll date on day 31 of the state employee's employment. Removes a provision that sets a maximum employer surcharge for the legislators' defined benefit plan, state excise police, gaming agent, gaming control officer, and conservation enforcement officers' retirement plan, public employees' retirement fund, and Indiana state teachers' retirement fund (fund). Requires the board of trustees of the Indiana public retirement system (board) to develop the technological and administrative capabilities sufficient to categorize fund members into separate groups in which: (1) certain members receive a service based thirteenth check; and (2) certain members receive a cost of living adjustment. Requires the board to set the surcharge rates at a level to actuarially prefund: (1) annual indexed thirteenth checks for all current retired members and beneficiaries retired before July 1, 2025; and (2) 1% annual cost of living adjustments to future in-payment members and beneficiaries retired on or after July 1, 2025. Provides that the board shall not reduce the surcharge rates from the prior year. Allows the board to increase the surcharge rates by not more than 0.1% of payroll from the prior year. Requires certain political subdivisions to present to the interim study committee on pension management oversight regarding a delinquent employee retirement plan offered by the political subdivision. Requires, effective July 1, 2025, the trustee of the state police pension trust to maintain a supplemental allowance reserve account for the purpose of paying postretirement benefit adjustments. Increases the maximum date that a member or participant of certain retirement funds can participate in the deferred retirement option plan from 36 to 60 months. Requires the member or participant to notify their employer if the member or participant elects to enter or extend the deferred retirement option plan.

Bill Text

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

Read SB 275 on the official Indiana source →

Action History

  1. Representative Cash added as cosponsor

  2. Committee report: do pass, adopted

  3. Referred to the Committee on Ways and Means pursuant to House Rule 127

  4. Representative Moseley added as cosponsor

  5. First reading: referred to Committee on Employment, Labor and Pensions

  6. Referred to the House

  7. Cosponsor: Representative Cherry

  8. House sponsor: Representative Thompson

  9. Third reading: passed; Roll Call 143: yeas 46, nays 2

  10. Senator Pol added as coauthor

  11. Amendment #1 (Buchanan) prevailed; voice vote

  12. Second reading: amended, ordered engrossed

  13. Senator Randolph added as coauthor

  14. Committee report: amend do pass, adopted

  15. Senator Charbonneau added as coauthor

  16. Senator Walker G added as coauthor

  17. Senator Niezgodski added as coauthor

  18. Committee report: do pass adopted; reassigned to Committee on Appropriations

  19. Authored by Senators Buchanan and Rogers

  20. First reading: referred to Committee on Pensions and Labor

Sponsors

Sponsorship breakdown

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3 sponsors · 8 co-sponsors · 139 not signed on

Sponsors (3)

Co-sponsors (8)

Not signed on (139)

139 members have not signed on to this bill.

Show all 139 →

"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
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB 275 do?
Provides that a state employee may affirmatively elect to enroll in the deferred compensation plan prior to the auto enroll date on day 31 of the state employee's employment. Removes a provision that sets a maximum employer surcharge for the legislators' defined benefit plan, state excise police, gaming agent, gaming control officer, and conservation enforcement officers' retirement plan, public employees' retirement fund, and Indiana state teachers' retirement fund (fund). Requires the board of trustees of the Indiana public retirement system (board) to develop the technological and administrative capabilities sufficient to categorize fund members into separate groups in which: (1) certain members receive a service based thirteenth check; and (2) certain members receive a cost of living adjustment. Requires the board to set the surcharge rates at a level to actuarially prefund: (1) annual indexed thirteenth checks for all current retired members and beneficiaries retired before July 1, 2025; and (2) 1% annual cost of living adjustments to future in-payment members and beneficiaries retired on or after July 1, 2025. Provides that the board shall not reduce the surcharge rates from the prior year. Allows the board to increase the surcharge rates by not more than 0.1% of payroll from the prior year. Requires certain political subdivisions to present to the interim study committee on pension management oversight regarding a delinquent employee retirement plan offered by the political subdivision. Requires, effective July 1, 2025, the trustee of the state police pension trust to maintain a supplemental allowance reserve account for the purpose of paying postretirement benefit adjustments. Increases the maximum date that a member or participant of certain retirement funds can participate in the deferred retirement option plan from 36 to 60 months. Requires the member or participant to notify their employer if the member or participant elects to enter or extend the deferred retirement option plan.
Who sponsors SB 275?
SB 275 is sponsored by Becky Cash (Republican), Chuck Moseley (Democrat), Robert Cherry, Jeffrey Thompson (Republican), Rodney Pol (Democrat), Lonnie Randolph (Democrat), Ed Charbonneau (Republican), Greg Walker (Republican), David Niezgodski (Democrat), Linda Rogers (Republican), and Brian Buchanan (Republican).
What is the current status of SB 275?
This bill died with 2024 Regular Session. It reached “Passed Senate” 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 275?
Track SB 275 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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