2025 Regular SessionIndiana Legislature

HB1314: Deferred retirement option plan.

Legislative Summary

Deferred retirement option plan. Allows a member of the 1925 police pension fund, 1937 firefighters' pension fund, 1953 police pension fund (Indianapolis), or 1977 police officers' and firefighters' pension and disability fund to withdraw from the deferred retirement option plan (DROP) and make an election to enter the DROP for a second time not earlier than three years after the date the member withdraws from the DROP. Provides that a member may make an election to enter the DROP only twice in the member's lifetime.

Demographic Impact

Overall analysis of equity impact

60% Positive
Medium ConfidenceView detailed demographic breakdown ↓

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Bill History

1/13/2025
Authored by Representative Smith V
House of Representatives
1/13/2025
First reading: referred to Committee on Employment, Labor and Pensions
House of Representatives

Status Information

Current Status
Introduced(1/13/2025)
Chamber
House of Representatives
Committee
Employment, Labor and Pensions(House of Representatives)

Sponsors

Democrat: 1

Primary Sponsor

Vernon Smith
Vernon Smith
Democrat

Documents

Introduced
Bill Text1/9/202598.6 KB
Fiscal Note
Fiscal Note1/9/202570.9 KB