Introduced Version





SENATE RESOLUTION No. ___




DIGEST OF INTRODUCED RESOLUTION


     A SENATE RESOLUTION urging the Legislative Council to direct the Pension Management Oversight Commission to study the possibility of repealing the expiration of the public safety deferred retirement option plan (DROP).



HARRISON




     , read first time and referred to Committee on








Introduced

First Regular Session 114th General Assembly (2005)


SENATE RESOLUTION


     MADAM PRESIDENT:

    I offer the following resolution and move its adoption:

    A SENATE RESOLUTION urging the Legislative Council to direct the Pension Management Oversight Commission to study the possibility of repealing the expiration of the public safety deferred retirement option plan (DROP).

    Whereas, IC 36-8-8.5-14, which addresses the timing for members to exit the DROP, is set to expire on January 1, 2008: Therefore,
    

Be it resolved by the Senate of the

General Assembly of the State of Indiana:


    SECTION 1. That the Indiana State Senate urges the Legislative Council to direct the Pension Management Oversight Commission to study the possibility of repealing the expiration of the public safety deferred retirement option plan (DROP).
    SECTION 2. That the Pension Management Oversight Commission, if directed to take such action, shall operate under the direction of the Legislative Council and shall issue a report when directed to do so by the Council.
    SECTION 3. The Secretary of the Senate is hereby directed to transmit a copy of this Resolution to the Legislative Council.