HOUSE BILL No. 1118
DIGEST OF INTRODUCED BILL
Citations Affected: IC 5-10.2-4-8.
Synopsis: Reemployment of retired TRF and PERF members.
Removes the limit on the amount that a retired teachers' retirement
fund (TRF) member who is reemployed in a covered position may earn
each year before the member's retirement benefits stop. Provides that
if a retired member of TRF or the public employees retirement fund
(PERF) is reemployed in a covered position not more than 30 days after
the member retired, the member's retirement benefits stop and the
member must resume making contributions. (Under current law, the
period is 90 days.)
Effective: July 1, 2004.
January 13, 2004, read first time and referred to Committee on Ways and Means.
Second Regular Session 113th General Assembly (2004)
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HOUSE BILL No. 1118
A BILL FOR AN ACT to amend the Indiana Code concerning
Be it enacted by the General Assembly of the State of Indiana:
SOURCE: IC 5-10.2-4-8; (04)IN1118.1.1. -->
SECTION 1. IC 5-10.2-4-8, AS AMENDED BY P.L.246-2001,
SECTION 6, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
JULY 1, 2004]: Sec. 8. (a) As used in this section, "exempt amount"
means, in the case of a retired public employees' retirement fund
member who has not attained the Social Security normal retirement age
for unreduced benefits, twenty-five thousand dollars ($25,000),
computed for the calendar year in which
a the retired public employees'
retirement fund member is reemployed. and computed for the fiscal
year in which a retired teachers' retirement fund member is
(b) This subsection does not apply to a member who is a retired
teachers' retirement fund member or who is employed by the
department of education. If a member who is receiving retirement
benefits and who has not attained the Social Security normal retirement
age for unreduced benefits:
(1) becomes reemployed in a position covered by this article; and
(2) earns in that position more than the exempt amount;
his the member's retirement benefit payments shall stop, and the
member shall begin making contributions as required in IC 5-10.2-3-2.
However, employer contributions shall be made throughout the period
of reemployment. The earnings limitation under this subsection does
not apply to a member who has attained the Social Security normal
retirement age for unreduced benefits.
(c) If a member who is receiving retirement benefits is reemployed
in a position covered by this article not more than
ninety (90) thirty
(30) days after the member's retirement, the member's retirement
benefits shall stop, the member shall begin making contributions as
required by IC 5-10.2-3-2, and employer contributions shall be made
throughout the period of reemployment.
(d) If a retired member is reemployed in a position covered by this
article, section 10 of this chapter applies to the member upon the
member's retirement from reemployment.
SOURCE: ; (04)IN1118.1.2. -->
SECTION 2. [EFFECTIVE JULY 1, 2004] For teachers'
retirement fund members, IC 5-10.2-4-8(a) and IC 5-10.2-4-8(b),
as amended by this act, apply to fiscal years that begin after June