Amortization of unfunded pension liabilities.

Authors: Senator Greg Walker, Senator Philip Boots

Co-authors: Senator James Buck

Sponsors: Representative Woody Burton

Co-Sponsors: Representative Martin Carbaugh, Representative David Niezgodski

Digest

Provides that the board of the Indiana public retirement system (INPRS) may determine a term that does not exceed 30 years over which to amortize various unfunded accrued liabilities associated with the funds administered by INPRS. (The introduced version of this bill was prepared by the interim study committee on pension management oversight.)