Citations Affected: IC 4-8.1; IC 5-10.2.
Synopsis: Treasurer of State. Provides that an individual elected
treasurer of state takes office January 1 following the individual's
election. Provides that the individual elected treasurer of state at the
2006 election vests as a member of PERF if the individual is reelected
as treasurer of state at the 2010 election and serves in office until
January 1, 2015.
Effective: July 1, 2007.
January 8, 2007, read first time and referred to Committee on Rules and Legislative
Procedure.
January 18, 2007, amended; reassigned to Committee on Local Government and Elections.
February 15, 2007, reported favorably _ Do Pass.
A BILL FOR AN ACT to amend the Indiana Code concerning state
offices and administration.
the public employees' retirement fund under IC 5-10.3-7-2(1), "vested
status" means the status of having:
(1) at least eight (8) years of creditable service as an elected
county official in an office described in IC 5-10.2-4-1.7;
(2) been elected at least two (2) times if the person would have
had at least eight (8) years of creditable service as an elected
county official in an office described in IC 5-10.2-4-1.7 had the
person's term of office not been shortened under a statute enacted
under Article 6, Section 2(b) of the Constitution of the State of
Indiana; or
(3) at least ten (10) years of creditable service as a member of the
fund based on a combination of service as an elected county
official and as a full-time employee in a covered position.
(c) In the case of a person whose term of office commences after the
election on November 5, 2002, as Auditor of State, Secretary of State,
or Treasurer of State, and who is prohibited by Article 6, Section 1 of
the Constitution of the State of Indiana from serving in that office for
more than eight (8) years during any period of twelve (12) years, that
person shall be vested with at least eight (8) years of creditable service
as a member of the fund.
(d) This subsection applies to an individual elected to the office
of Treasurer of State at the election on November 7, 2006. The
individual shall be vested if the individual is reelected as Treasurer
of State at the 2010 general election and serves in the office until
January 1, 2015.