For immediate release:
Jan. 15, 2013
INDIANAPOLIS - State Rep. David L. Niezgodski (D-South Bend) announced today that the Indiana House Standing Committee on Employment, Labor & Pensions has endorsed his House Bill (HB) 1148, legislation regarding public employees’ defined contribution plan.
Niezgodski’s bill changes the definition of normal retirement age in the public employees’ defined contribution plan by reducing the minimum number of years required for participation in the plan. Under this legislation, the participation requirement would be reduced from ten years to five years.
“This bill is designed to retain employees,” said Niezgodski. “These dedicated public servants are willing to work on behalf of the people of Indiana, and we want to encourage them to continue jobs in the public sector.
“The requirement should be fair,” he added. “I think everyone can agree on that.”
HB 1148 now advances to the full House for further consideration.