Indiana SB0010 amends state employee retirement benefits, including matching contributions and fund management.

Indiana SB0010 modifies state employee retirement benefits by requiring the state to match, dollar for dollar, each state employee's deferred compensation contributions, up to $28 per paycheck, after December 31, 2026. It limits state contributions to available biennial appropriations and other transfers. The bill also mandates the interim study committee on pension management oversight to study and recommend increases to the maximum state contribution in odd-numbered years. The budget agency can increase the maximum contribution based on the committee's recommendation.

Indiana SB0010 amends state employee retirement benefits, including matching contributions and fund management.

Indiana SB0010 modifies state employee retirement benefits by requiring the state to match, dollar for dollar, each state employee's deferred compensation contributions, up to $28 per paycheck, after December 31, 2026. It limits state contributions to available biennial appropriations and other transfers. The bill also mandates the interim study committee on pension management oversight to study and recommend increases to the maximum state contribution in odd-numbered years. The budget agency can increase the maximum contribution based on the committee's recommendation.