HOUSE BILL No. 1176
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
Indiana teachers' retirement fund.
Effective: Upon passage.
January 11, 2007, read first time and referred to Committee on Ways and Means.
First Regular Session 115th General Assembly (2007)
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,
additions 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
a new provision to the Indiana Code or the Indiana Constitution.
Conflict reconciliation: Text in a statute in this style type
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between statutes enacted by the 2006 Regular Session of the General Assembly.
HOUSE BILL No. 1176
A BILL FOR AN ACT concerning pensions.
Be it enacted by the General Assembly of the State of Indiana:
SOURCE: ; (07)IN1176.1.1. -->
SECTION 1. [EFFECTIVE UPON PASSAGE] (a) As used in this
SECTION, "fund" refers to the Indiana state teachers' retirement
fund established by IC 5-10.4-2-1.
(b) Notwithstanding IC 5-10.4-4-8, 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 (c) 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);
multiplied by the number of months in 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.
(c) A member is entitled to receive the amount described in
subsection (b) 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 December 31, 1960, and before January 1, 1965, the
member received a letter or other notice from the executive
director of the fund erroneously stating that the member was
eligible to receive service credit in the fund for the member's
(4) The member was not otherwise eligible to claim service
credit in the fund for the member's military service.
(5) The member filed an application with the fund before
December 31, 2001, to claim the military service credit, and
the military service credit was approved by the fund.
(d) A member who is entitled to receive the amount described
in subsection (b) may elect to receive the amount in a lump sum
payment or in a series of monthly installment payments over a
period not to exceed sixty (60) months.
(e) This SECTION expires July 1, 2012.
SOURCE: ; (07)IN1176.1.2. -->
SECTION 2. An emergency is declared for this act.