Salaries & Benefits

June 3, 2013 | Category: Salaries/Benefits

Judges’ pensions
S.E.A. 527, P.L. 56-2013
Effective July 1, 2013
Urges the legislative council to assign to the pension management oversight commission the task of studying the retirement, disability, and death benefits currently provided to judges and full-time magistrates.

Bill No. Bill Title Committee 2nd Reading 3rd Reading Sponsor(s)
SB 527 Judges’ pensions 2/21/13 Do Pass –A 2/25/13 Engrossed 2/26/13 Passed 50-0 Burton

Salaries & Benefits

February 22, 2013 | Category: Salaries/Benefits

The Senate Pensions and Labor Committee continued discussion on SB 527 pertaining to judges’ pensions. Author Sen. Boots offered an amendment removing the introduced bill language and inserting language urging the legislative council to assign the study of the retirement, disability and death benefits of judges and magistrates to the Pension Management Oversight Commission. The amended bill passed, 7-0.

Salaries & Benefits

February 15, 2013 | Category: Salaries/Benefits

The Senate Pensions and Labor Committee heard SB 527 pertaining to judges’ and prosecutors’ pensions. Author Sen. Boots explained that this bill is intended to create parity between the judges’ and prosecutors’ pension plans with no fiscal impact. The bill changes a number of provisions in the current pension plan for judicial officers intending to retire on or after July 1, 2013, including: (1) raising the retirement age to 65, (2) increasing the benefit reduction for early retirement to .25% of the salary, and (3) establishing a five-year minimum term of service for disability benefits eligibility. After testimony, the Committee held the bill for further discussion.

Salaries and Benefits

May 27, 2011 | Category: Salaries/Benefits

State Deferred Compensation Plan
S.E.A. 521, P.L. 21-2011
Effective July 1, 2011
Provides that if an employee does not choose another amount, the state shall, in each pay period during the first year the employee is automatically enrolled in the State Deferred Compensation Plan (plan), deduct from the employee’s compensation the greater of: (1) the maximum amount of any match provided by the State on behalf of the employee to a defined contribution plan; or (2) one-half percent of the employee’s base salary; and deposit the amount deducted in the employee’s account. Provides that the percentage of an employee’s base salary used to determine the employee’s contribution increases each year, for five years, by one-half percent from the percentage determined in the immediately preceding year to a maximum of three percent.

Salaries and Benefits

April 1, 2011 | Category: Salaries/Benefits

The House Employment, Labor and Pensions Committee heard SB 521 sponsored by Rep. Steuerwald, Rep. M. Smith and Rep. Niezgodski on the state deferred compensation plan. The bill provides that if an employee does not choose another amount, the state shall, in each pay period during the first year the employee is automatically enrolled in the state’s deferred compensation plan, deduct from the employee’s compensation the greater of: (1) the maximum amount of any match provided by the state on behalf of the employee to a defined contribution plan; or (2) one-half percent of the employee’s base salary; and deposit the amount deducted in the employee’s account. The bill further provides that the percentage of an employee’s base salary used to determine the employee’s contribution increases each year, for five years, by one-half percent from the percentage determined in the immediately preceding year to a maximum of three percent. The Committee passed the bill 13-0.

Salaries and Benefits

February 25, 2011 | Category: Salaries/Benefits

Bill No. Bill Title Committee 2nd Reading 3rd Reading Sponsor(s)
SB 521 State deferred compensation plan 2/10/11 Do Pass -A 2/14/11 Engrossed 2/15/11 Passed 29-21 Steuerwald, M. Smith, Niezgodski

Salaries and Benefits

February 11, 2011 | Category: Salaries/Benefits

The Senate Pensions and Labor Committee heard SB 521 authored by Sen. Walker on the state deferred compensation plan. The bill provides that if an employee does not choose another amount, the state shall, in each pay period during the first year the employee is automatically enrolled in the state’s deferred compensation plan (plan), deduct from the employee’s compensation the greater of: (1) the maximum amount of any match provided by the state on behalf of the employee to a defined contribution plan; or (2) one-half percent of the employee’s base salary; and deposit the amount deducted in the employee’s account. The bill further provides that the percentage of an employee’s base salary used to determine the employee’s contribution increases each year, for five years, by one-half percent from the percentage determined in the immediately preceding year to a maximum of three percent. The Committee heard testimony supporting and opposing the bill. The bill passed, 6-3.

Salaries and Benefits

April 20, 2010 | Category: Salaries/Benefits

A bill of interest:

Various PERF and TRF matters
S.E.A. 30, P.L. 99-2010
Effective March 24, 2010 (§ 2, 6); July 1, 2010 (§ 1, 3-5, 7-15)

We are nearing the end of this legislative session.  This installment of the legislative update is a series of topical charts detailing the status of bills of interest to the Judiciary that were heard on third reading in the second chamber.  If a bill was amended at any stage in the legislative process, it is designated with an “-A” at the relevant stage.  The next communication on this legislation session will be the Final Legislative Update summarizing bills that have been signed into law.

If you are interested in reading the text of any bill introduced this session, you can find bill information on Access Indiana at http://www.in.gov/apps/lsa/session/billwatch/billinfo.  If you are interested in the status of bills eligible for conference committee, you may find this information at http://www.in.gov/legislative/reports/2010/CNFGRIDH.PDF.

 

 View All Final Charts (PDF)