For immediate release:
Jan. 29, 2013
INDIANAPOLIS - Members of the Indiana House Labor, Employment & Pensions Committee today passed legislation authored by State Rep. David Niezgodski (D-South Bend) that would provide assistance to retired state employees.
[Listen to audio from Rep. Niezgodski as he discusses this legislation.]
Committee members approved House Bill (HB) 1590, which would give retired teachers and state employees a 1-percent cost-of-living adjustment to their regular benefits.
“The COLA improvement that is outlined in HB 1590 is one of several methods that legislators have provided for members of state-operated retirement funds in recent years to help retirees meet increases in the cost of living,” Niezgodski said. “Other methods have included a 13th check given to members of these funds.
“This year, lawmakers decided to pass several different ways to help address benefit enhancements, then determine which of those methods is the most financially feasible,” he continued. “HB 1590 is one of several proposals to be considered this session that will eventually serve as the vehicle to provide retirees with some form of enhancement toward their benefits.”
The provisions of HB 1590 impact retired teachers and state employees, including excise police, gaming officers, and conservation enforcement officers.
The measure now moves to the House Ways & Means Committee for consideration.