HOUSE BILL No. 1026
DIGEST OF INTRODUCED BILL
Citations Affected: IC 5-10.3-3-1.
Synopsis: PERF board membership. Adds a police officer or
firefighter as a member of the board of trustees of the public
employees' retirement fund (PERF).
Effective: Upon passage; July 1, 2010.
January 5, 2010, read first time and referred to Committee on Ways and Means.
Second Regular Session 116th General Assembly (2010)
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HOUSE BILL No. 1026
A BILL FOR AN ACT to amend the Indiana Code concerning
Be it enacted by the General Assembly of the State of Indiana:
SOURCE: IC 5-10.3-3-1; (10)IN1026.1.1. -->
SECTION 1. IC 5-10.3-3-1, AS AMENDED BY P.L.62-2005,
SECTION 4, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
JULY 1, 2010]: Sec. 1. (a) The board is composed of
six (6) seven (7)
Five (5) Six (6)
of the trustees shall be appointed by the
governor, as follows:
(1) One (1) must be a member of the fund with at least ten (10)
years of creditable service.
(2) Not more than three (3) may be members of the same political
(3) One (1) must be:
(i) member of the fund or retired member of the fund; or
(ii) member of a collective bargaining unit of state
employees represented by a labor organization; or
(B) an individual who is:
(i) an officer or a member of a local, a national, or an
international labor union that represents state or university
(ii) an Indiana resident.
(4) One (1) must be an active or retired police officer or
firefighter who is a member of one (1) of the following:
(A) 1925 police pension fund.
(B) 1937 firefighters' pension fund.
(C) 1953 police pension fund.
(D) 1977 police officers' and firefighters' pension and
(c) The director of the budget agency or the director's designee is an
ex officio voting member of the board. An individual appointed under
this subsection to serve as the director's designee:
(1) is subject to the provisions of section 3 of this chapter; and
(2) serves as a permanent designee until replaced by the director.
(d) The governor shall fill by appointment vacancies on the board
in the manner described in subsection (b).
(e) In making the appointments under subsection (b)(1) or (b)(2),
the governor may consider whether at least one (1) trustee is a retired
member of the fund under subsection (b)(3)(A)(i).
SOURCE: ; (10)IN1026.1.2. -->
SECTION 2. [EFFECTIVE UPON PASSAGE] (a) The definitions
in IC 5-10.3-1 apply to this SECTION.
(b) Not later than July 1, 2010, the governor shall appoint a
person under IC 5-10.3-3-1(b)(4), as amended by this act, to serve
as a member of the board. The term of the person appointed under
IC 5-10.3-3-1(b)(4), as amended by this act, begins July 1, 2010,
and ends June 30, 2014.
(c) This SECTION expires July 1, 2014.
SOURCE: ; (10)IN1026.1.3. -->
SECTION 3. An emergency is declared for this act.