pension

The public retirement system will decide whether to remove the company from its investment portfolio.

Nearly 100,000 public pension recipients in Indiana will get an additional benefit this year under a measure unanimously approved by the House Monday.

The Greenfield Republican will have served in Indiana’s House of Representatives for 25 years — since 1998. His district, 53, includes parts of Hancock and Madison counties.

A legislative study committee recommendation adopted Tuesday would see a blend of cost-of-living adjustments, or COLAs, and extra monthly payments to increase pension benefits for public retirees.

Indiana’s public pension system is almost done pulling its money from Chinese investments, as ordered by a new law that took effect earlier this year.

The bill aims to prevent leaders of the state’s pension funds from investing money with firms that consider environmental, social and governance principles in their investment decisions.