SB 69 Indiana Senate · 2026 Regular Session

1977 pension and disability fund.

Summary

Increases the lump sum death benefit payable to the heirs or estate of a 1977 fund member. Provides that a 1977 fund member may extend their deferred retirement option plan (DROP) retirement date up to 60 months after the member entered the DROP. Makes conforming changes.

Bill status passed 3 of 5 stages cleared

Introduction

Dec 2025

Committee Review

Feb 2026

Senate Passage

Jan 2026

House Passage

Governor

Introduced Dec 8, 2025 Last action Feb 12, 2026

Maddy AI version diff · 2 comparisons

What changed between versions

Senate Bill (S) → Senate Bill (H) · 4 edits

MODERATE

The bill was amended to remove a provision that would have increased police and firefighter pension contributions starting in 2027, while retaining an increase to death benefits and extending DROP retirement dates. The Senate committee also recommended delaying the contribution increase to 2027, though the final text reflects the removal of the contribution hike entirely.

Scope change

The bill's scope regarding funding was reduced by removing the mandate for employers and employees to pay higher contribution rates.

FISCAL

Eliminated the provision requiring fund members to increase their contribution rate from 6% to 8.65% starting January 1, 2027.

Increased the lump-sum death benefit payable to heirs from $12,000 to $15,000, effective July 1, 2026.

TIMELINE

Added a new section allowing members who entered the DROP plan before July 1, 2024, to extend their retirement date by up to 60 months.

Removed the effective date of January 1, 2027, for the pension contribution changes that were subsequently deleted.

Floor votes · Senate Jan 27, 2026

How they voted

45–0

Passed · 3 other

Total votes 48

Jan 27, 2026

D Democratic9

8 Yea 1

88% Yea

R Republican39

37 Yea 2

94% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Feb 12, 2026

Lower · Passed

Committee report: do pass, adopted

lower

Feb 12, 2026

Committee

Recommitted to Committee on Ways and Means pursuant to House Rule 126.3

lower

Jan 27, 2026

Upper · Passed

Third reading: passed; Roll Call 91: yeas 46, nays 0

upper

Jan 22, 2026

Upper · Passed

Committee report: amend do pass, adopted

upper

Jan 8, 2026

Upper · Passed

Committee report: amend do pass adopted; reassigned to Committee on Appropriations

upper

3 primary · 5 co-sponsors