Let’s get social!

INPRS has joined the social media revolution! We’re now on Facebook, Twitter and YouTube to provide members with the knowledge and tools necessary to get the most out of their retirements and benefits.

Make sure to check back frequently to get the latest news and information. “Like” us on Facebook, follow us on Twitter, and view our videos on YouTube to stay in the know!

Double check your statement

Members of the 1977 Fund will receive annual statements in August. These statements will include current years of service and dependant information. Please make it a point to review your statement, including service credit information. Notify INPRS immediately if you find errors, or have questions. Statements reflect account activity from July 1, 2011 through June 30, 2012.

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How will you manage your finances in retirement?

Have you ever exceeded your budget while on vacation? If so, it probably seemed like a lifetime until your next paycheck. As you consider retirement, how will you manage your finances?

Retirement is a long vacation, and you don’t want to outlive your assets. Plan on living within your means, and, recognize the difference between wants and needs. You can find additional funds by cutting down on want-driven expenses.

With the rising costs of housing and health care, your pension check and Social Security may not be enough to sustain your lifestyle in retirement. And, people are living longer today than ever.

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2012 Legislative Summary

The following legislative changes were approved by the 2012 Indiana General Assembly. Listed below are the items most relevant to our members. For a full list of legislative changes, visit http://www.in.gov/inprs/2691.htm.

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Do you qualify?

Some 1977 Fund members may be eligible for a tax-free disability benefit, according to a state law, which was recently approved by the Internal Revenue Service (IRS).

Those affected include 1977 members, or survivors of members who were hired for the first time before Jan. 1, 1990, and/or who were injured in the line of duty before July 1, 2000, and suffer from a specific duty-related impairment. This benefit is not retroactive.

Members who meet the criteria above should have received a letter from INPRS. If you believe you qualify, please reference the procedures on our Web site at http://www.in.gov/inprs/hea1048.htm.

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Know before making an election

Q. I’m a member of the 1977 Fund. When I retire, I want my insurance premium to be deducted from my monthly pension benefit. What do I need to know about this election?

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Three months, one quarter…it’s all the same

Here are some dates for submitting retirement applications to INPRS. For more information about retirement, visit our Web site.

If your retirement date is: Apply by:
Dec. 1, 2012 Sept. 1, 2012
Jan. 1, 2013 Oct. 1, 2012
Feb. 1, 2013 Nov. 1, 2012
March 1, 2013 Dec. 1, 2012
April 1, 2013 Jan. 1, 2013