Indiana State Comptroller Elise Nieshalla issued the following statement after the governor ceremoniously signed SEA 14 into law, authorizing an increase to the employer match for Indiana’s Deferred Compensation Retirement Plan, Hoosier START.
“SEA 14 received unanimous, bipartisan support in both chambers of the Indiana General Assembly, underscoring the legislature’s shared commitment to providing updated, fiscally responsible benefits for state employees. When we identified that the match amount was still at $15, the original amount when the benefit started 26 years ago, we got to work finding a budget-neutral way to bring it in line with present-day value, which helps the State maintain a competitive retirement package for employees.”
SEA 14 modernizes key components of the State’s retirement benefits at no extra cost to taxpayers by offering employees the option to redirect an existing and often forfeited benefit option to support an increased State match. Pending State Budget Committee approval, the maximum employer contribution for eligible employees will rise from up to $15 per paycheck (original amount) to up to $28 per paycheck (present-day value) beginning after Dec. 31, 2026.
As with the current match, it will continue to be applied automatically for eligible Hoosier START participants and will remain subject to review every two years through the State’s biennial budget process.
Electric vehicle fire training held at Rockville-Adams Township Training Center
Indiana FSSA announces results of HCBS attendant care audits - $200 Million in improper payments
Applications being accepted for Governor’s 2026 Century and Half Century Business Awards
Indiana BMV extending hours for primary election
$675 million impact reported from initial Regional Economic Development funding
PHMS Amazing Shake
Parke Heritage students in competition at FFA District Contest
Indiana's February unemployment rate below national average
Indiana hiring five county executive directors in training positions
Be on the lookout for farm equipment on the road
SW Parke projected to save over a million dollars closing Montezuma Elementary
Changes coming to South Vermillion School Corporation's cell phone policy
Crawfordsville man faces list of felony child sex charges
Domestic incident results in arrest in Parke County
Clinton man nabbed in burglary case
Indiana releases update to the State Nutrient Reduction Strategy
