How healthy are we?
Indiana public retirees can feel secure knowing that their plan is in solid financial shape.
Our net assets have increased by about six percent in the last fiscal year. As of June 30, 2013, they totaled approximately $27.1 billon. One year prior, they totaled $25.6 billion.
Will recent changes impact retirees?
If you are currently retired and receiving benefits, you will not be impacted by upcoming changes to annuity and actuarial factors.
Future retirees may be impacted by two changes that will influence the amount of retirement benefits. Effective Oct. 1, 2014, INPRS will begin providing annuities at a market rate, through an outside provider. In addition, retirement benefits will be calculated using updated actuarial factors. To read more about the changes, click here.
Again, neither of these changes impact retirees currently receiving benefits. This includes those who converted their ASA funds to an INPRS annuity at retirement. The only exception to this is for retirees who deferred their annuities at retirement and still have funds left at INPRS.
Interested in a retiree advisory group?
INPRS wants to better serve and connect with our retired members. And, you're just the person to help us do that.
Are you satisfied with INPRS' services? What do you think about us? What are we doing well? What could we do better? Join our retiree advisory groups to give us your opinion!
Please email INPRS Publications if you are interested in participating in person, by email, or online.