PERF Hybrid Plan Member Handbook: Important to Know

Your Secure Online Account

Please register for your INPRS online account. You will need the PIN you were mailed to register for the first time on the website. You also need to keep your PIN for ongoing access to the automated phone system. If you lose or cannot locate your PIN, you can still register on the website by clicking “Register now” and selecting Social Security Number and date of birth, and following the instructions including answering security questions to confirm your identity.

When you register, you can update your address or select or change your beneficiary. You can also change your Defined Contribution (DC) account investment choices. You can access your account by going here and clicking “Register now.”

Quarterly Member Statements

As a PERF member, you will receive an electronic quarterly member statement. Log on to your online account to see your quarterly statement with your account balance and earnings.

If you want a paper statement mailed to your home, log on to your online account. Select Communications Preferences under the My Profile link, located in the top right hand corner of the page.

Your statements are available as long as you have money in your DC. 

The quarterly statement shows your contributions and any change in value to your holdings. For most PERF members, the employer pays the 3 percent mandatory contributions as pre-tax contributions. When the employer does not make the contribution, you pay the contribution post-tax. The 3 percent is taxed as income and then placed in the DC. The earnings on the contributions are not taxed until they are withdrawn. This is also true for voluntary pre- and post-tax contributions. Taxes are due when you receive a retirement benefit or take a DC withdrawal.

Many members believe that the amount shown on the quarterly statement is the entire benefit they would receive at retirement. You should remember the largest piece of retirement income will come from your retirement benefit, also shown on the quarterly statement. An estimate of your retirement benefit will be included on your quarterly statement after five years of service.

To calculate your own benefit estimate, go here. Please remember this is only an estimate of your benefit amount.

Changing Your Personal Information

As long as you have money with PERF, it is critical that you keep any changes to your address or beneficiaries updated.  You can update this information by logging in to your online account. Changing your information with your employer will not update that information with PERF. You need to contact PERF separately to update your personal information.

Beneficiaries – You may change your DC beneficiary any time before you retire. You can make changes on the INPRS website by using the View or Change Beneficiary function.

Reporting any change of beneficiary is VERY IMPORTANT. Failure to make changes may mean payment is made to someone who is no longer your choice to receive your DC balance.

Address/Name – The address on file at PERF is the only contact information we have for you. If you leave PERF-covered employment, you may qualify to withdraw your DC. You must report any change of address to PERF including the following:

  • last 4 of Social Security number or Pension ID  
  • previous name and/or address
  • new name and/or address, and
  • printed name and signature

Register for your online account to make changes to your account information quickly and easily.

You can change your name by completing the Member Data Change form. Requests can only be submitted in writing with the required legal documentation such as a court order, divorce decree, or marriage license.

Life Events


You are able to change your beneficiary or form of benefit as you see fit after you retire, even if you get divorced.

Your retirement benefit from PERF is protected. Your monthly retirement benefit is exempt from seizure, levy, attachment, and other processes (IC 5-10.4-5-14).

The only exceptions to this rule are:

  • an action by the IRS, OR
  • if you forfeit your benefit.

NOTE: PERF is a governmental plan. It is exempt from the provisions of the Employee Retirement Income Security Act (ERISA). Therefore, INPRS does not recognize Qualified Domestic Relations Orders (QDROs) as described in ERISA.

Section Five: Service and Leaves of Absence