A BILL FOR AN ACT to amend the Indiana Code concerning pensions.

Plain English Breakdown

The bill summary and digest do not provide detailed information about the exact changes made or their full implications.

Indiana Police Pension Changes

This bill changes Indiana's pension rules to include more state police officers in benefit programs, adjusts how benefits are calculated and paid out, and allows school resource officers to join certain pension funds.

What This Bill Does

• Expands eligibility for supplemental pension benefits to state police who joined after 1987.
• Changes the way these supplemental pension benefits are calculated and when they start being paid out each year.
• Allows school police departments to participate in a specific pension fund called the 1977 fund.
• Establishes requirements for local boards that manage school police departments.
• Requires schools with resource officers to enter into agreements with local law enforcement agencies.

Who It Names or Affects

• State police who joined after 1987
• Schools and charter schools that employ school resource officers
• Local law enforcement agencies

Terms To Know

Supplemental pension benefits

Extra money added to regular pensions for police officers.

1977 fund

A specific pension and disability fund for police officers and firefighters in Indiana.

Limits and Unknowns

• The bill does not specify when it will take effect.
• It is unclear how many schools or charter schools will be affected by the changes to school resource officer pensions.

Official Summary Text

A BILL FOR AN ACT to amend the Indiana Code concerning pensions.
Police pension matters.

Current Bill Text

A BILL FOR AN ACT to amend the Indiana Code concerning pensions.

Police pension matters.

Extends eligibility for supplemental pension benefits and incentive increases to employee beneficiaries of the state police 1987 benefit system. (Current law provides eligibility to employee beneficiaries under the state police pre-1987 benefit system.) Modifies the: (1) terms of eligibility for; and (2) calculation of; supplemental pension benefits and incentive increases. Provides that first time payments of and increases to supplemental pension benefits shall be paid or commence beginning in July of each year. Makes changes to the definition of a "school resource officer" for provisions relating to the 1977 police officers' and firefighters' pension and disability fund (1977 fund). Provides that a school police department may participate in the 1977 fund. Establishes requirements for establishing a local board for school police departments. Provides that an appointing authority shall waive the age restriction for a school resource officer for purposes of the 1977 fund if certain conditions are met. Provides that a school corporation or charter school that employs a school resource officer must enter into a contract or memorandum of understanding with a local law enforcement agency for the purpose of complying with the reporting and payment requirements for purposes of the 1977 fund. Makes conforming amendments.