Governor Mike Pence has signed into law legislation coauthored by State
Rep. Chuck Moseley, D-Portage, that gives teachers more flexibility with
their retirement plans.
to Moseley, if a school corporation makes changes to a retirement account
for employees, those affected can look for other plans.
law gives school employees more options for developing their retirement
account,” he said. “It also encourages competition among insurers for
more and better retirement plan options.
is a good piece of legislation,” he added. “I’m pleased to see it
come into law with a bipartisan effort.”
Pence signed House Bill 1560 into law April 1 but the law will not go into
effect until July 1 of this year.
appreciate the efforts of Rep. Moseley in granting school employees the
freedom to roll over their existing balances to another account when a
school benefits plan closes,” Pence said.
more information go to indianahousedemocrats.org. You also can contact
Moseley at his Statehouse office at 200 W. Washington St., Indianapolis,
Indiana 46204. His office can be contacted toll free at 1-800-382-9842, or
via email at H10@in.gov