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Indiana Public Retirement System

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Indiana Public Retirement System (INPRS) > Employers > Employer Reporting & Maintenance > Administering PERF, TRF and the 1977 Fund as an employer > My Choice: Retirement Savings Plan (formerly known as ASA Only) Information for Employers My Choice: Retirement Savings Plan (formerly known as ASA Only) Information for Employers

The My Choice: Retirement Savings Plan is a retirement benefit option for PERF local units known as political subdivisions. If you would like to find out how you may be able to offer this plan to your employees, please choose from the resources below.

If you decide this plan is right for your organization, we have developed resources for you to provide to your employees here.

For an easy-to-follow explanation about employee and employer contributions to the My Choice: Retirement Savings Plan, please review this infographic.

Onboarding resources for political subdivisions in the My Choice: Retirement Savings Plan

We've created two versions of an employer packet to help you explain the benefits and options of the My Choice: Retirement Savings Plan to your employees on their first day of work. Both versions are in PDF format and can either be emailed to your employees as an attachment or printed and mailed as a hard copy. Please choose only one of the packets below based on which plan(s) you are offering.

Employer Resolution FAQs

  1. What plans can I offer my employees as a political subdivision employer? Click here for answer.
     
  2. Who determines the percentage of gross annual payroll contributed by political subdivisions who enroll their employees in PERF Hybrid? Click here for answer.
     
  3. Does the gross annual payroll percentage remain the same or does it change? Click here for answer.
     
  4. What happens if an employee fails to make an election in PERF Hybrid or the My Choice: Retirement Savings Plan?​ Click here for answer.
     
  5. What options are available for political subdivisions for the member contributions? Click here for answer.
     
  6. How much can employers pay into the My Choice: Retirement Savings Plan? Click here for answer.
     
  7. How much can an employer match based on an employee’s additional (voluntary) contributions? Click here for answer.
     
  8. What is the supplemental rate? Click here for answer.
     
  9. Do all employers have to pay the supplemental rate? Click here for answer.
     
  10. How will employees submit their classes of employees covered by PERF Hybrid or the My Choice Retirement Savings Plan? Click here for answer.