HOUSE BILL No. 1235
DIGEST OF INTRODUCED BILL
Citations Affected: IC 5-10.2-4-8.
Synopsis: Reemployment of PERF and TRF members. Increases the
exempt amount (the annual amount a retired member of the public
employees' retirement fund or the teachers' retirement fund who has not
attained the Social Security normal retirement age may earn in a
covered position before the member's retirement benefit stops and the
member must again make contributions to the member's retirement
fund) from $25,000 to $45,000.
Effective: July 1, 2005.
Buell, Hinkle, Klinker, Kersey
January 6, 2005, read first time and referred to Committee on Employment and Labor.
First Regular Session 114th General Assembly (2005)
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HOUSE BILL No. 1235
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; (05)IN1235.1.1. -->
SECTION 1. IC 5-10.2-4-8 IS AMENDED TO READ AS
FOLLOWS [EFFECTIVE JULY 1, 2005]: Sec. 8. (a) As used in this
section, "exempt amount" means, in the case of a member who has not
attained the Social Security normal retirement age for unreduced
computed for the calendar year in which a retired public employees'
retirement fund member is reemployed and computed for the fiscal year
in which a retired teachers' retirement fund member is reemployed.
(b) This subsection does not apply to a member 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 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
(c) If a member who is receiving retirement benefits is reemployed
in a position covered by this article not more than ninety (90) 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: ; (05)IN1235.1.2. -->
SECTION 2. [EFFECTIVE JULY 1, 2005] IC 5-10.2-4-8, as
amended by this act, applies to:
(1) fiscal years that begin after June 30, 2005, for teachers'
retirement fund members; and
(2) calendar years that begin after December 31, 2005, for
public employees' retirement fund members.