Indiana SB 14 — Pension matters.

Indiana, 2026. SB 14: Pension matters.

Plural source record ↗

Official legislative source ↗

Official legislative source ↗

Latest action

March 5, 2026 — Public Law 104

Summary

Modifies the definition of "average of the annual compensation" for a member of the public employees' retirement fund (PERF) who retires after December 31, 2027. Specifies that compensation received in contemplation of retirement is excluded from the average of the annual compensation for particular members of PERF and the Indiana state teachers' retirement fund (TRF). Repeals a provision requiring the board of trustees of the Indiana public retirement system (board) to maintain separate accounts for each unit of local government. Provides that amounts forfeited under the public employees defined contribution plan must be used as determined by the board. Specifies a process by which a fully vested member of the public employees' defined contribution plan or the teachers' defined contribution plan may irrevocably elect to participate in PERF or TRF, as applicable. Modifies the information that must be included in a delinquency notice to a delinquent political subdivision. Modifies the requirements that apply to certain PERF members purchasing and claiming years of service credit in PERF. Allows, subject to particular requirements, certain TRF members to purchase and claim years of service credit in TRF. Allows a PERF or TRF member's employer to pay all or part of the member's contributions required for purchase of service credit. Allows a wage assignment to be made for the purpose of paying voluntary contributions of an employee of a political subdivision to a tax deferred retirement account. Provides that a municipality, a unit, an airport authority, a school corporation, or a charter school may require certain members of PERF to continue as members of that fund instead of the 1977 police officers' and firefighters' pension and disability fund (1977 fund). Requires, subject to certain limitations, the state to make contributions after December 31, 2026, that match, dollar for dollar, each state employee's deferred compensation contributions, not to exceed $28 per paycheck. Specifies a process by which portions of the funding sources for the retirement medical benefits account must be transferred to the state comptroller for the purpose of making matching contributions. Provides as a default rule that after December 31, 2026, each participant's membership in the retirement medical benefits account is terminated, participant subaccounts are forfeited, and subaccount amounts must be transferred to the state general fund. Requires the state comptroller to transfer certain amounts from the state general fund to each participant's defined contribution plan. Specifies a time frame within which a participant in the retirement medical benefits account may elect to remain a participant. Establishes the 2027 retiree health benefit trust. Provides that the retiree health benefit trust fund will be terminated when certain conditions are met. Increases the lump sum death benefit payable to the heirs or estate of a 1977 fund member. (The introduced version of this bill was prepared by the interim study committee on pension management oversight.)

Sponsors

• Linda Rogers — primary sponsor
• Brian Buchanan — primary sponsor
• David Niezgodski — primary sponsor
• Scott Alexander
• Blake Doriot
• Shelli Yoder
• Jake Teshka — primary sponsor
• Heath VanNatter
• Victoria Garcia Wilburn
• Tony Isa

Bill text

Enrolled Senate Bill (S) Read version ↗

Senate Bill (S) Read version ↗ Read version ↗

Engrossed Senate Bill (H) Read version ↗

Introduced Senate Bill (S) Read version ↗

Recorded votes

Legislative history

1. February 27, 2026Signed by the Speaker
2. February 27, 2026Signed by the President Pro Tempore
3. February 27, 2026Signed by the President of the Senate
4. February 27, 2026CCR # 1 filed in the Senate
5. February 27, 2026CCR # 1 filed in the House
6. March 5, 2026Public Law 104
7. February 27, 2026Rules Suspended. Conference Committee Report 1: adopted by the House; Roll Call 410: yeas 95, nays 0
8. March 5, 2026Signed by the Governor
9. February 27, 2026Rules Suspended. Conference Committee Report 1: adopted by the Senate; Roll Call 314: yeas 49, nays 0
10. February 24, 2026House advisors appointed: Isa, Jordan, Moseley
11. February 24, 2026House conferees appointed: Teshka, Garcia Wilburn
12. February 23, 2026Motion to dissent filed
13. February 23, 2026Senate advisors appointed: Hunley, Buchanan
14. February 23, 2026Senate conferees appointed: Rogers, Niezgodski
15. February 23, 2026Senate dissented from House amendments
16. February 18, 2026Returned to the Senate with amendments
17. February 17, 2026Third reading: passed; Roll Call 260: yeas 90, nays 0
18. February 16, 2026Second reading: ordered engrossed
19. February 12, 2026Committee report: amend do pass, adopted
20. January 20, 2026First reading: referred to Committee on Employment, Labor and Pensions
21. January 9, 2026Referred to the House
22. January 6, 2026Senator Alexander added as coauthor
23. January 6, 2026Senator Doriot added as coauthor
24. January 6, 2026Senator Yoder added as coauthor
25. January 6, 2026House sponsor: Representative Teshka
26. January 6, 2026Third reading: passed; Roll Call 12: yeas 49, nays 0
27. January 6, 2026Cosponsors: Representatives VanNatter, Garcia Wilburn, Isa
28. January 5, 2026Amendment #1 (Rogers) prevailed; voice vote
29. January 5, 2026Second reading: amended, ordered engrossed
30. December 10, 2025Committee report: do pass, adopted
31. December 8, 2025Authored by Senators Rogers, Buchanan, Niezgodski
32. December 8, 2025First reading: referred to Committee on Pensions and Labor

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