HB 1221 Indiana House · 2025 Regular Session

Pension matters.

Summary

Amends provisions regarding the surcharge rates established by the Indiana public retirement system to actuarially prefund certain postretirement benefits. Adds provisions requiring the treasurer of state to determine a surcharge amount that is to be paid into the supplemental reserve account for the state police pre-1987 and 1987 benefit systems. Provides for a thirteenth check in calendar year 2025 for certain members, participants, or beneficiaries of the: (1) Indiana state teachers' retirement fund; (2) Indiana public employees' retirement fund; (3) state excise police, gaming agent, gaming control officer, and conservation enforcement officers' retirement plan; (4) state police pre-1987 benefit system; and (5) state police 1987 benefit system. Makes conforming changes.

Issues: ✓ Labor & Employment

Bill status signed all 5 stages cleared

Introduction

Jan 2025

Committee Review

Apr 2025

House Passage

Apr 2025

Senate Passage

Apr 2025

Signed into Law

May 2025

Introduced Jan 9, 2025 Signed May 6, 2025

Maddy AI version diff · 3 comparisons

What changed between versions

House Bill (S) → House Bill (H) · 6 edits

MODERATE

The bill was amended to shift focus from establishing a thirteenth check for multiple retirement funds to primarily addressing surcharge rates for the Indiana public retirement system and state police benefit systems. The original version covered five different retirement funds, while the amended version concentrates on prefunding postretirement benefits through surcharges and adding provisions for the state police pre-1987 and 1987 benefit systems.

Scope change

The bill's scope narrowed from covering five different retirement funds to focusing on the Indiana public retirement system and state police benefit systems, with the thirteenth check provisions being significantly restructured.

SCOPE

Citations affected were reduced from five retirement funds to only two: IC 5-10.5 and IC 10-12.

FISCAL

The synopsis changed from providing a thirteenth check for multiple funds to amending surcharge rates to actuarially prefund postretirement benefits.

TIMELINE

The effective date for the thirteenth check provision was changed from January 1, 2027 to July 1, 2025.

REQUIREMENT

New provisions require the treasurer of state to determine a surcharge amount for the state police pre-1987 and 1987 benefit systems.

DEFINITION

The committee report added a new definition for 'thirteenth check' to clarify it can be either a fixed amount or variable amount based on service years.

ELIGIBILITY

Eligibility for the thirteenth check was restructured with new subsections to determine amounts based on creditable service years.

Floor votes · Senate Apr 15, 2025 · House Feb 4, 2025

How they voted

46–3

Passed · 1 other

Total votes 50

Apr 15, 2025

D Democratic10

9 Yea 1 Nay

90% Yea

R Republican40

37 Yea 2 Nay 1

92% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

May 6, 2025

Signed into law

Signed by the Governor

executive

Apr 29, 2025

Upper · Passed

Signed by the President of the Senate

upper

Apr 24, 2025

Upper · Passed

Signed by the President Pro Tempore

upper

Apr 24, 2025

Lower · Passed

Signed by the Speaker

lower

Apr 24, 2025

Upper · Passed

Rules Suspended. Conference Committee Report 1: adopted by the Senate; Roll Call 514: yeas 39, nays 11

upper

Apr 23, 2025

Lower · Passed

Rules Suspended. Conference Committee Report 1: adopted by the House; Roll Call 540: yeas 90, nays 0

lower

Apr 16, 2025

Introduced

House dissented from Senate amendments

lower

Apr 15, 2025

Upper · Passed

Third reading: passed; Roll Call 434: yeas 46, nays 3

upper

Apr 14, 2025

Amended

Amendment #1 (Qaddoura) failed; Roll Call 413: yeas 18, nays 31

upper

Apr 10, 2025

Upper · Passed

Committee report: amend do pass, adopted

upper

Mar 27, 2025

Upper · Passed

Committee report: amend do pass adopted; reassigned to Committee on Appropriations

upper

Feb 4, 2025

Lower · Passed

Third reading: passed; Roll Call 86: yeas 89, nays 0

lower

Jan 30, 2025

Lower · Passed

Committee report: amend do pass, adopted

lower

Jan 13, 2025

Lower · Passed

Reassigned to Committee on Ways and Means

lower

3 primary · 10 co-sponsors