Indiana HB1188 amends pension laws to extend supplemental benefits and incentive increases to state police retirees under the 1987 benefit system.

Indiana HB1188 amends the state's pension laws to extend eligibility for supplemental pension benefits and incentive increases to employee beneficiaries of the state police 1987 benefit system. The bill modifies the terms of eligibility and the calculation of supplemental pension benefits. It also adjusts the pension advisory board's responsibilities, including providing an annual schedule of retirees receiving pension benefits and meeting to add to regular pension benefits. Effective July 1, 2026, the changes aim to incentivize service and retirement within the state police department.

Indiana HB1188 amends pension laws to extend supplemental benefits and incentive increases to state police retirees under the 1987 benefit system.

Indiana HB1188 amends the state's pension laws to extend eligibility for supplemental pension benefits and incentive increases to employee beneficiaries of the state police 1987 benefit system. The bill modifies the terms of eligibility and the calculation of supplemental pension benefits. It also adjusts the pension advisory board's responsibilities, including providing an annual schedule of retirees receiving pension benefits and meeting to add to regular pension benefits. Effective July 1, 2026, the changes aim to incentivize service and retirement within the state police department.