HB 1019-3_ Filed 01/22/2008, 07:24 Thompson


Text Box


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    WITHDRAWN        Noes _______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


[

HOUSE MOTION ____

]

MR. SPEAKER:

    I move that House Bill 1019 be amended to read as follows:

SOURCE: Page 3, line 8; (08)MO101902.3. -->     Page 3, delete lines 8 through 24, begin a new paragraph and insert:
SOURCE: IC 5-10.2-5-43; (08)MO101902.3. -->     "SECTION 3. IC 5-10.2-5-43 IS ADDED TO THE INDIANA CODE AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2008]: Sec. 43. (a) This section does not apply to a qualified member (as defined in section 43.5 of this chapter) who receives an increase to the pension portion (plus postretirement increases to the pension portion) of the qualified member's monthly benefit under section 43.5 of this chapter.
    (b) The pension portion (plus postretirement increases to the pension portion) provided by employer contributions of the monthly benefit payable after December 31, 2008, to a member of the Indiana state teachers' retirement fund (or to a survivor or beneficiary of a member of the Indiana state teachers' retirement fund) who retired or was disabled:
        (1) before July 2, 2000, shall be increased by one percent (1%); and
        (2) after July 1, 2000, and before July 2, 2006, shall be increased by five-tenths of one percent (0.5%).
    (c) The increases specified in this section:
        (1) are based upon the date of the member's latest retirement or disability;
        (2) do not apply to benefits payable in a lump sum; and
        (3) are in addition to any other increase provided by law.

SOURCE: IC 5-10.2-5-43.5; (08)MO101902.4. -->     SECTION 4. IC 5-10.2-5-43.5 IS ADDED TO THE INDIANA

CODE AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2008]: Sec. 43.5. (a) This section applies only to a qualified member.
    (b) As used in this section, "qualified member" means a member of the Indiana state teacher's retirement fund who retired:
        (1) before July 2, 2006; and
        (2) with at least twenty (20) years of service.
    (c) The pension portion (plus postretirement increases to the pension portion) provided by employer contributions of the monthly benefit payable after December 31, 2008, to a qualified member of the Indiana state teachers' retirement fund (or to a survivor or beneficiary of a qualified member of the Indiana state teachers' retirement fund) who retired or was disabled:
        (1) before July 2, 2000, shall be increased by the sum of:
            (A) one percent (1%); plus
            (B) thirteen dollars and seventy-one cents ($13.71); and
        (2) after July 1, 2000, and before July 2, 2006, shall be increased by the sum of:
            (A) five-tenths of one percent (0.5%); plus
            (B) six dollars and eighty-five cents ($6.85).
    (d) The increases specified in this section:
        (1) are based upon the date of the qualified member's latest retirement or disability;
        (2) do not apply to benefits payable in a lump sum; and
        (3) are in addition to any other increase provided by law.
".
    Renumber all SECTIONS consecutively.
    (Reference is to HB 1019 as printed January 17, 2008.)

________________________________________

Representative Thompson


MO101902/DI 92     2008