Your quarterly statement is now online
Your statement for the quarter ending June 30, 2014 is now available on TRF Interactive.
Guaranteed Fund Rate increased to 0.32 percent
Members who invest Annuity Savings Account (ASA) funds in the Guaranteed Fund will earn an annual return of 0.32 percent beginning July 1, 2014. The rate is set annually by the INPRS Board of Trustees. More information
The latest on annuities
Effective Oct. 1, 2014, INPRS annuities will be offered at a lower rate. Previously, INPRS used a rate that was greater than the system expected to earn with its investments. INPRS will now move toward providing annuities at market rates.
Update on fund manager change
Are your Annuity Savings Account (ASA) funds invested in the Small/Mid Cap Equity Fund? If so, two of the fund managers changed effective July 1, 2014. For more information, please read the notice and new manager information here.
Target Date Fund rebalancing
In August, the Indiana Public Retirement System (INPRS) is planning to rebalance its target date funds (TDFs) as part of a glide-path roll down. A glide path refers to the formula used to adjust the mix of stocks and fixed income securities in relation to the target date. After annual review, INPRS has elected to slightly reduce the equity allocation of the TDFs in accordance with the funds’ objectives. For more information, go here.