Legislation authored by Rep. Woody Burton providing a 13thcheck to retired public employees passed out of the Senate Committee on Appropriations unanimously today.
“This legislation is aimed at helping those individuals who devoted their lives to public service, and I’m pleased the Senate committee recognized that today,” said Rep. Burton. “By providing a 13th check to our retired public employees, we will be helping them cope with cost of living inflation and unforeseen financial stress.”
House Bill (HB) 1123 would provide a one-time 13th check to members of the Indiana State Teachers’ Retirement Fund, Public Employees’ Retirement Fund, State Police Fund and State Excise Police, Gaming Agent, Gaming Control Officer and Conservation Officers’ Retirement Fund.
Eligibility for this additional allowance would depend on retirement and disability status. The additional compensation will be funded from excess investment earnings from the aforementioned retirement accounts.
HB 1123 will now be discussed further by the full Senate. If signed into law, it will go into effect July 1, 2012.
To find the most up-to-date bill status, visit www.in.gov/legislative.
