SB 128-5_ Filed 03/15/2007, 10:06 Tyler


Text Box


    PREVAILED      Roll Call No. _______
    FAILED        Ayes _______
    WITHDRAWN        Noes _______
    RULED OUT OF ORDER


[

HOUSE MOTION ____

]

MR. SPEAKER:

    I move that Engrossed Senate Bill 128 be amended to read as follows:

SOURCE: Page 2, line 42; (07)MO012802.2. -->     Page 2, after line 42, begin a new paragraph and insert:
SOURCE: IC 36-8-10-19; (07)MO012802.3. -->     "SECTION 3. IC 36-8-10-19 IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2007]: Sec. 19. (a) Except as provided in subsection (c), a person entitled to a an interest in or share of a pension or benefit from the trust funds may not, before the actual payment, anticipate it or sell, assign, pledge, mortgage, or otherwise dispose of or encumber it. In addition, the interest, share, pension, or benefit is not, before the actual payment, liable for the debts or liabilities of the person entitled to it, nor is it subject to attachment, garnishment, execution, levy, or sale on judicial proceedings, or transferable, voluntarily or involuntarily.
     (b) The trustee may expend the sums from the fund that it considers proper for necessary expenses.
     (c) Notwithstanding any other provision in this chapter, an employee beneficiary who is receiving a normal or disability monthly pension benefit under this chapter may, after June 30, 2007, authorize the trustee to pay a portion of the employee beneficiary's monthly pension benefit to an insurance provider for the purpose of paying a premium on a policy of insurance for accident, health, or long term care coverage for:
        (1) the employee beneficiary;
        (2) the employee beneficiary's spouse; or
        (3) the employee beneficiary's dependents (as defined in Section 152 of the Internal Revenue Code).
".
    Renumber all SECTIONS consecutively.
    (Reference is to ESB 128 as printed March 13, 2007.)

________________________________________

Representative Tyler


MO012802/DI 102     2007