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This handbook summarizes your rights and benefits as a member of the 1977 Police Officers’ and Firefighters’ Pension and Disability Fund (1977 Fund, or “the Fund”).
The 1977 Fund was established for eligible public safety officers and their survivors. The Fund pays:
On July 1, 2011, the Indiana Public Retirement System (INPRS) Board of Trustees began to manage the Fund. Any mention of the Public Employees’ Retirement Fund (PERF) Board in this handbook and other materials will refer to the INPRS Board.
Your 1977 Fund was established to make benefit payments to you and your survivors as outlined by Indiana statutes. The Fund consists of:
This handbook explains the benefit terms of the Fund.
You are required to join the Fund if:
To become a member of the Fund, you must:
A veteran who has at least 20 years of service in the armed forces may become a member of the fund. The maximum age is 40 and six months to meet the conditions for membership.
*Your department may conduct more physical agility or mental exams.
If you are a public safety officer performing the duties of a police officer and firefighter for a single employer, you are covered in the Fund. You must meet the baseline requirements.
You may purchase up to two years of military service credit, under certain conditions.
You may purchase, at full actuarial cost, prior service in other public retirement funds including:
If you have been employed in an out-of-state position that would receive service credit under the Fund, you may purchase the service you earned in that position. The purchase will be at full actuarial cost.
Base salary is defined by state law as the salary of a first-class police officer or firefighter plus all longevity increases. You will only receive longevity increases if your employer offers them. Base salary is certified to the Fund by each department. All benefits paid by the Fund are calculated according to the base salary. When you retire, your benefits are determined by the base salary for your department in the year your service ends. This first-class salary varies by employer. It is certified yearly to the Fund.
Section Two: Contributions