Rep. Woody Burton’s legislation providing a 13thcheck to retired public employees passed out of the Indiana House of Representatives this week with a 82-2 vote.
House Bill (HB) 1123 would provide a one-time 13th check to members of the Indiana State Teachers’ Retirement Fund, Public Employees’ Retirement Fund and State Excise Police, Gaming Agent, Gaming Control Officer and Conservation Officers’ Retirement Fund. Eligibility would depend on retirement and disability status.
The additional compensation will be funded from increased investment earnings from the aforementioned retirement accounts.
“Providing a 13th check to our retired public employees will help them cope with cost of living inflation and unforeseen financial stress,” said Rep. Burton. “This is a bipartisan effort to help those individuals who devoted their lives to public service.”
An adopted amendment to HB 1123 also provides additional compensation to retired or disabled state troopers with 25 years of service or more.
HB 1123 will move on to the Senate for further discussion and debate. If signed into law, it will go into effect July 1, 2012.
