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Senate Bill 0436


 

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Senate Bill 0436

ARCHIVE (2000)

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DIGEST OF SB0436 (Updated January 20, 2000 10:41 AM - DI 73)

Judges' retirement fund. Provides that a person who serves as a full-time magistrate in an Indiana court after June 30, 2000, shall participate in the 1985 benefit system of the judges' retirement fund. Allows full-time magistrates who are participants in the 1985 benefit system of the judges' retirement fund to purchase service credit at full actuarial cost for prior service as a full-time commissioner, magistrate, or referee, or in PERF covered positions other than full-time commissioner, magistrate, or referee. Requires the monthly benefits payable to participants, survivors, and beneficiaries under the 1985 benefit system of the judges' retirement fund to be increased by the same percentages and under the same conditions as monthly benefits are increased for members of PERF. (The introduced version of this bill was prepared by the pension management oversight commission.)
    Current Status:
     In Committee - first House
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