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Indiana Public Retirement System (INPRS) > My Fund > Public Employees > PERF COLA and 13th Checks PERF COLA and 13th Checks

There was no cost of living adjustment (COLA) increase approved for PERF members.

Effective June 20, 2012

HEA 1123

PERF 13th check: Provides that not later than Oct. 1, 2012, the Board shall pay a 13th check to a member (or survivor or beneficiary of the member) who retired or was disabled on or before Dec. 1, 2011, and who is entitled to receive a monthly benefit on July 1, 2012. The amount of the 13th check is as follows:

  • At least five years, but less than 10 years (disability)         $150
  • At least 10 years, but less than 20 years                              $275
  • At least 20 years, but less than 30 years                              $375
  • At least 30 years                                                                        $450