Legislation Tracker

2015 Proposed Legislation

The following bills have been introduced in the 2015 Legislature:

HB 1463
13th Check in 2015 and 2016 for Retirees of PERF, Teachers' Retirement Fund, State Excise Police, Gaming Agent, Gaming Control Officer, Conservation Enforcement Officers and State Police.

The amount is the same as recent years:

Years of service Amount
5-10 years (disabled) $150.00
10-20 years $275.00
20-30 years $375.00
30+ years $450.00

To qualify in 2015 your effective date of retirement must be December 1, 2014 or prior. To qualify in 2016 your effective date of retirement must be December 1, 2015 or prior.

HB 1464
Cost of Living Adjustment, COLA, based on years of service at retirement, date retired, pension benefit for retirees of PERF, Teachers' Retirement Fund, Pre-1987 State Police Benefit System and State Police 1987 Benefit System. Two examples are:

Years of Service Date Retired Monthly Pension Amount Monthly Increase
20 YRS 1/1/2000 $500.00 $25.00
30 YRS 1/1/1995 $700.00 $39.00

NOTE: To qualify your effective date of retirement must be December 1, or prior.

HB 1493
Cost of Living Adjustment, COLA, and 13th Check in 2015 and 2016 for retirees of PERF, Teacher's Retirement Fund, State Excise Police, Gaming Agent, Gaming Control Officer, Conservation Enforcement Officer and State Police. The COLA and 13th Check are based on $7.50 for each year of service.

Two examples are:
COLA
20 years x $7.50 = $150.00 divided by 12 = $12.50 Monthly Increase
30 years x $7.50 = $225.00 divided by 12 = $18.75 Monthly Increase

13th Check
20 years x $7.50 = $150.00 Amount of 13th Check
30 years x $7.50 = $225.00 Amount of 13th Check

NOTE: To qualify in 2015 your effective date of retirement must be December 1, 2014 or prior. To qualify in 2016 your effective date of retirement must be December 1, 2015 or prior.

This is proposed legislation ONLY. Check back in May for information on final results of the 2015 session.

Signing of H.B. #1074 - 13th Check
Attending the ceremonial signing of HB #1074 (13th Check) and HB #1075 (Annuity)
by Governor Mike Pence are RIPEA Board Members Marty Chitwood, Larry Buell and Bruce Kimery.
Also attending Bill Murphy, Executive Director.