§ 5-10.5-4-5 — Postretirement benefit changes; requirement

Indiana § 5-10.5-4-5

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 10.5: INDIANA PUBLIC PENSION
• Ch. 4: Board Powers and Duties

Text

(a) This section applies to the following public
pension or retirement funds:
(1) The public employees' retirement fund established under IC 5-10.2 and IC 5-10.3.
(2) The Indiana state teachers' retirement fund established under
IC 5-10.2 and IC 5-10.4.
(3) The state excise police, gaming agent, gaming control officer,
and conservation enforcement officers' retirement fund
established under IC 5-10-5.5.
(4) The defined benefit plan of the legislators' retirement system
established under IC 2-3.5-4.
(b) The board may not pay a postretirement benefit change or
adjustment, including a postretirement benefit increase, thirteenth
check, or other benefit change or adjustment granted by the general
assembly after June 30, 2018, to members of a public pension or
retirement fund listed in subsection (a), unless the change or
adjustment is actuarially pre-funded.

Legislative History

As added by P.L.127-2018, SEC.13.