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 significant 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.
Reducing economic risk by seeking better diversification
INPRS' Board of Trustees recently approved a new investment asset allocation aimed at maintaining the system's strong financial condition while better protecting it against unfavorable economic environments.
Are you on target?
Members have had the option to direct their Annuity Savings Account (ASA) funds into a Target Date Fund (TDF) since Summer 2010.
TDFs operate as a pre-packaged mix of diversified investment options, geared toward the date you retire. TDFs automatically shift their riskier asset allocations to more conservative options as the retirement date approaches.
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.
Don't put off naming your beneficiary
Your beneficiary is the person or institution you name to receive the money remaining in your Annuity Savings Account (ASA) and/or any remaining pension payments upon your death. This is based on your retirement option election.
Selecting a beneficiary before and after retirement ensures that INPRS will be able to pay any money due to those you designate, after you pass away.
Logging in is a breeze
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Make your money work for you
Knowing where your money is, how it's invested and growing - or not - and understanding your investor type and individual retirement goals, is the only way to secure the retirement you want.
Asset allocation is a major factor in reaching your investment goals. Some options are more conservative and produce lower returns on investment. Other funds are more aggressive, can produce higher returns on investment and are more risky.