HOUSE BILL No. 1095
DIGEST OF INTRODUCED BILL
Citations Affected: None (noncode).
Synopsis: Teacher's retirement fund benefit. Authorizes payment in
certain circumstances of the amount resulting from the inclusion of
military service credit in the calculation of a member's benefit from the
teachers' retirement fund.
Effective: Upon passage.
January 13, 2004, read first time and referred to Committee on Ways and Means.
Second Regular Session 113th General Assembly (2004)
PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana
Constitution) is being amended, the text of the existing provision will appear in this style type,
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Additions: Whenever a new statutory provision is being enacted (or a new constitutional
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will appear in that style type in the introductory clause of each SECTION that adds
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between statutes enacted by the 2003 Regular Session of the General Assembly.
HOUSE BILL No. 1095
A BILL FOR AN ACT concerning pensions.
Be it enacted by the General Assembly of the State of Indiana:
SOURCE: ; (04)IN1095.1.1. -->
SECTION 1. [EFFECTIVE UPON PASSAGE] (a)
Notwithstanding IC 21-6.1-4-6.1, a member of the Indiana state
teachers' retirement fund who received service credit in the fund
for the member's active military service under the conditions
described in subsection (b) is entitled to receive an amount equal
to the difference between:
(1) the member's monthly retirement benefit calculated with
the military service credit (including any cost of living
adjustments to the benefit); and
(2) the member's monthly retirement benefit calculated
without the military service credit (including any cost of living
adjustments to the benefit);
for the period beginning on the member's retirement date and
ending on the date the member's monthly retirement benefit was
first paid with the inclusion of the additional service credit.
(b) A member is entitled to receive the amount described in
subsection (a) if the following conditions are met:
(1) The member completed military service before beginning
approved college teacher training.
(2) The member received an honorable discharge from the
(3) After 1960 and before 1965, the member received a letter
or other notice from the executive director of the Indiana
state teachers' retirement fund erroneously stating that the
member was eligible to receive service credit in the Indiana
state teachers' retirement fund for the military service.
(4) The member was not otherwise eligible to claim service
credit in the Indiana state teachers' retirement fund for the
(5) The member filed an application with the Indiana state
teachers' retirement fund before December 31, 2001, to claim
the service credit, and the service credit was approved by the
Indiana state teachers' retirement fund.
(c) The member may elect to receive the amount described in
subsection (a) in a lump sum or in a series of monthly installment
payments over a period not to exceed sixty (60) months.
(d) This SECTION expires July 1, 2009.
SOURCE: ; (04)IN1095.1.2. -->
SECTION 2. An emergency is declared for this act.