Citations Affected: IC 5-10.3-8.
Synopsis: State employee PERF benefit deductions. Authorizes a
member (and the survivor or beneficiary of a member) of the public
employees' retirement fund (PERF) who is a state employee to make a
deduction from the member's monthly benefit to pay: (1) premiums for
certain group insurance plans offering life, medical, surgical,
hospitalization, dental, vision, long term care, or Medicare supplement
coverage; and (2) dues to any association that proves to the PERF
board's satisfaction that the association has as members at least 20% of
the number of retired PERF members.
Effective: July 1, 2009.
January 7, 2009, read first time and referred to Committee on Pensions and Labor.
A BILL FOR AN ACT to amend the Indiana Code concerning
pensions.
[EFFECTIVE JULY 1, 2009]: Sec. 10.5. (a) This section applies to
employees of the state (as defined in IC 5-10.3-7-1(d)).
(b) A member or a survivor or beneficiary of a member may not
assign any payment from the fund except as provided in this
section.
(c) Notwithstanding any other provision in this article or
IC 5-10.2, a member or a survivor or beneficiary of a member who
is receiving a monthly benefit from the fund may, after June 30,
2009, authorize the board to make a deduction from the benefit.
(d) An authorization for a deduction from a monthly benefit
paid by the fund is valid only if all of the following requirements
are met:
(1) The authorization is:
(A) in writing;
(B) signed personally by the person receiving the benefit;
(C) revocable at any time by the person receiving the
benefit upon written notice to the board; and
(D) agreed to in writing by the board.
(2) An executed copy of the authorization is delivered to the
board within ten (10) days after its execution.
(3) The deduction is made for a purpose described in
subsection (e).
(e) A deduction under this section may be made for the purpose
of paying any of the following:
(1) A premium for a group insurance plan for life, medical,
surgical, hospitalization, dental, vision, long term care, or
Medicare supplement coverage offered to retired or disabled
members and maintained in whole or in part by:
(A) the board;
(B) the state; or
(C) any association that proves to the board's satisfaction
that the association has as members at least twenty percent
(20%) of the number of the retired members of the fund.
(2) Dues to any association that proves to the board's
satisfaction that the association has as members at least
twenty percent (20%) of the number of the retired members
of the fund.