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Bill would require county police pension trust to present annual reports to county councils
Summary
Senate Bill 144 would require County Police Force Pension Trusts and Trust Funds (excluding Marion County) to make an annual presentation to the county council before the budget public hearing covering plan parameters, assumptions, investment returns and contributions. The committee approved the bill unanimously.
Senate Bill 144 would require County Police Force Pension Trusts and Trust Funds to make an annual presentation to their county councils not later than two months before the date of the county's public budget hearing. Representative McNamara, presenting the bill, said the presentation must include the plan administrator, the sponsoring employer, whether the plan is defined benefit, the…
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