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Indiana Public Retirement System (INPRS) > My Fund > COLAs and 13th Checks COLAs and 13th Checks

PERF COLA and 13th Checks

There was no cost of living adjustment (COLA) increase approved for the PERF plan.

Effective July 1, 2017

HB 1537

A PERF member will receive a 13th check by Oct. 1, 2017. The member must be retired or disabled on or before Dec. 1, 2016. He or she must be eligible for a monthly benefit on July 1, 2017. The amount of the check will be based on the member’s years of creditable service at retirement.

  • At least five years, but less than 10 years (disability): $150
  • At least 10 years, but less than 20 years: $275
  • At least 20 years, but less than 30 years: $375
  • At least 30 years: $450

A survivor or beneficiary of the member may be eligible for the check. The amount of the check will be distributed in equal shares if the member has two or more survivors or beneficiaries.

TRF COLA and 13th Checks

There was no cost of living adjustment (COLA) increase approved for the TRF plan.

Effective July 1, 2017

HB 1537

A TRF member will receive a 13th check by Oct. 1, 2017. The member must be retired or disabled on or before Dec. 1, 2016. He or she must be eligible for a monthly benefit on July 1, 2017. The amount of the check will be based on the member’s years of creditable service at retirement.

  • At least five years, but less than 10 years (disability): $150
  • At least 10 years, but less than 20 years: $275
  • At least 20 years, but less than 30 years: $375
  • At least 30 years: $450

A survivor or beneficiary of the member may be eligible for the check. The amount of the check will be distributed in equal shares if the member has two or more survivors or beneficiaries.

Excise, Gaming and Conservation Plan COLA and 13th Checks

There was no cost of living adjustment (COLA) increase approved for the Excise, Gaming and Conservation plan.

Effective July 1, 2017

HB 1537

An Excise, Gaming and Conservation Plan member will receive a 13th check by Oct. 1, 2017. The member must be retired or disabled on or before Dec. 1, 2016. He or she must be eligible for a monthly benefit on July 1, 2017. A survivor or beneficiary of the member may be eligible for the check. The amount of the check will be based on the member’s years of creditable service at retirement.

  • At least five years, but less than 10 years (disability): $150
  • At least 10 years, but less than 20 years: $275
  • At least 20 years, but less than 30 years: $375
  • At least 30 years: $450

A survivor or beneficiary of the member may be eligible for the check.

Effective July 1, 2017

1977 Fund COLA

Retired 1977 Fund members will receive a 2.5 percent cost-of-living adjustment (COLA) this year. This includes retired, disabled and surviving beneficiaries of members of the fund.

The COLA for the 1977 Fund is linked to the Consumer Price Index (CPI). The INPRS Board of Trustees decides if there has been an increase in the CPI. If there has been an increase, 1977 Fund members receive a monthly benefit increase.