HB 1001-.021_ Filed 04/20/2011, 09:10 Becker
SENATE MOTION
MADAM PRESIDENT:
I move
that Engrossed House Bill 1001 be amended to read as follows:
SOURCE: Page 263, line 29; (11)MO1001552.263. -->
Page 263, between lines 29 and 30, begin a new paragraph and
insert:
SOURCE: ; (11)MO1001552.273. -->
"SECTION 273. [EFFECTIVE JULY 1, 2011] (a) As used in this
SECTION, "fund" refers to the Indiana state teachers' retirement
fund established by IC 5-10.4-2-1.
(b) Not later than October 1, 2011, the fund shall pay the
amount determined under subsection (c) to a member of the fund
(or to a survivor or beneficiary of a member) who retired or was
disabled before January 1, 2011, and who is entitled to receive a
monthly benefit on July 1, 2011. The amount is not an increase in
the pension portion of the monthly benefit.
(c) The amount paid under this SECTION to a member of the
fund (or to a survivor or beneficiary of a member) who meets the
requirements of subsection (b) is determined as follows:
If a Member's Creditable The Amount Is:
Service Is:
At least 5 years, but less than 10 years $150
(only in the case of a member receiving
disability retirement benefits)
At least 10 years, but less than 20 years $275
At least 20 years, but less than 30 years $375
At least 30 years $450
(d) The creditable service used to determine the amount paid to
a member (or a survivor or beneficiary of a member) under this
SECTION is the creditable service that was used to compute the
member's retirement benefit under IC 5-10.2-4-4, except that
partial years of creditable service may not be used to determine the
amount paid under this SECTION.
(e) This SECTION expires January 1, 2012.
SOURCE: ; (11)MO1001552.274. -->
SECTION 274. [EFFECTIVE JULY 1, 2011]
(a) As used in this
SECTION, "fund" refers to the public employees' retirement fund
established by IC 5-10.3-2-1.
(b) Not later than October 1, 2011, the fund shall pay the
amount determined under subsection (c) to a member of the fund
(or to a survivor or beneficiary of a member) who retired or was
disabled before January 1, 2011, and who is entitled to receive a
monthly benefit on July 1, 2011. The amount is not an increase in
the pension portion of the monthly benefit.
(c) The amount paid under this SECTION to a member of the
fund (or to a survivor or beneficiary of a member) who meets the
requirements of subsection (b) is determined as follows:
If a Member's Creditable The Amount Is:
Service Is:
At least 5 years, but less than 10 years $150
(only in the case of a member receiving
disability retirement benefits)
At least 10 years, but less than 20 years $275
At least 20 years, but less than 30 years $375
At least 30 years $450
(d) The creditable service used to determine the amount paid to
a member (or a survivor or beneficiary of a member) under this
SECTION is the creditable service that was used to compute the
member's retirement benefit under IC 5-10.2-4-4, except that
partial years of creditable service may not be used to determine the
amount paid under this SECTION.
(e) This SECTION expires January 1, 2012.
SOURCE: ; (11)MO1001552.275. -->
SECTION 275. [EFFECTIVE JULY 1, 2011] (a) As used in this
SECTION, "trustee" has the meaning set forth in IC 10-12-1-10.
(b) As used in this SECTION, "trust fund" has the meaning set
forth in IC 10-12-1-11.
(c) Not later than October 1, 2011, the trustee shall pay from the
trust fund to each employee beneficiary of the state police 1987
benefit system covered by IC 10-12-4 who:
(1) retired or was disabled after June 30, 1987, and before
July 2, 2010; and
(2) is entitled to receive a monthly benefit as of September 1,
2011;
an amount equal to one percent (1%) of the maximum basic annual
pension amount payable to a retired state police employee in the
grade of trooper who has completed twenty-five (25) years of
service as of July 1, 2011, as calculated under IC 10-12-4-7.
(d) The amount paid under this SECTION is not an increase in
the monthly pension amount of an employee beneficiary.
(e) This SECTION expires January 1, 2012.
SOURCE: ; (11)MO1001552.276. -->
SECTION 276. [EFFECTIVE UPON PASSAGE]
(a) As used in
this SECTION, "participant" has the meaning set forth in
IC 5-10-5.5-1.
(b) As used in this SECTION, "plan" refers to the state excise
police, gaming agent, gaming control officer, and conservation
enforcement officers' retirement plan established by IC 5-10-5.5-2.
(c) Not later than October 1, 2011, the board of trustees of the
public employees' retirement fund shall pay the amount
determined under subsection (d) to a plan participant (or to a
survivor or beneficiary of a plan participant) who retired or was
disabled on or before January 1, 2011, and who is entitled to
receive a monthly benefit on July 1, 2011. The amount is not an
increase in the annual retirement allowance.
(d) The amount paid under this SECTION to a plan participant
(or to a survivor or beneficiary of a plan participant) who meets
the requirements of subsection (c) is determined as follows:
If a Plan Participant's Creditable The Amount Is:
Service Is:
Less than ten (10) years $125
(only in the case of a plan participant
receiving disability retirement benefits)
At least ten (10) years,
but less than twenty (20) years $235
At least twenty (20) years,
but less than thirty (30) years $325
At least thirty (30) years $400
(e) The creditable service used to determine the amount paid to
a plan participant (or a survivor or beneficiary of a plan
participant) under this SECTION is the creditable service that was
used to compute the plan participant's retirement allowance under
IC 5-10-5.5-10 and IC 5-10-5.5-12, except that partial years of
creditable service may not be used to determine the amount paid
under this SECTION.
(f) This SECTION expires January 1, 2012.".
Renumber all SECTIONS consecutively.
(Reference is to EHB 1001 as printed April 19, 2011.)
________________________________________
Senator BECKER