We’ve stopped the presses to go green
Say goodbye to the days of rummaging through your file cabinet to locate the quarterly newsletter you filed away months ago. In January 2012, our newsletter officially became an online publication.
Conversion to an electronic newsletter has helped reduce costs associated with printing, and postage, which is beneficial to members.
You can access the newsletter at any time. The INPRS Web site is available 24/7.
Is saving for retirement on your radar?
Mortgages and car payments are usually the two biggest expenses that people have. If you're contemplating retirement, do you pay off your house, or sell it and move into a retirement community? Do you keep your current vehicle that’s paid off, or buy a new one?
Did you say extra money?
Indiana public pensions could get some additional financial support thanks to legislation passed by the General Assembly, which was signed by Governor Daniels in March.
House Enrolled Act (HEA) 1376 sets aside money to help increase the funding status to 80 percent for funds of the Indiana Public Retirement System (INPRS). Those funds include the State Excise Police, Gaming Agent, Gaming Control Officer and Conservation Enforcement Officers’ Retirement Plan, the Judges’ Retirement System and the Prosecuting Attorneys' Retirement Fund. The State Police Fund, which INPRS does not administer, will also benefit from this funding.
Get the gist of INPRS and the law
The Indiana Public Retirement System (INPRS) must follow the laws initiated by the Indiana General Assembly which are signed by the governor.
The Indiana General Assembly is the state legislature, or legislative branch of the state of Indiana. The legislature consists of the Indiana House of Representatives and the Indiana Senate. The General Assembly has sole legislative power within the state government.
Time is of the essence
I’m a 1977 Fund member who is considering the partial lump sum distribution option at retirement. Do I need to apply by a specific date?
What are the necessary steps?
I want to request a retirement benefit estimate from INPRS. What do I need to do?
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 at www.inprs.in.gov
|If your retirement date is:||Apply by:|
|Sept. 1, 2012||June 1, 2012|
|Oct. 1, 2012||July 1, 2012|
|Nov. 1, 2012||Aug. 1, 2012|
|Dec. 1, 2012||Sept. 1, 2012|
|Jan. 1, 2013||Oct. 1, 2012|