Payment of monthly pension benefits.

Authors: Representative Woody Burton

Co-authors: Representative David Niezgodski, Representative Doug Gutwein, Representative Charles Moseley

Sponsors: Senator Philip Boots, Senator Greg Walker

Digest

Provides that members and beneficiaries of any public pension fund administered by the Indiana public retirement system may receive monthly benefits only by direct deposit or another method approved by the board of trustees of the Indiana public retirement system. Repeals a similar but more narrowly applicable section concerning methods of paying monthly benefits to members and beneficiaries of the public employees' retirement fund and the teachers' retirement fund.