INDIANAPOLIS (January 22, 2018) – When Ken Cochran first joined the board of the Public Employees’ Retirement Fund (PERF) in 2005, the system had difficulty passing an audit or processing retirements on time.
In the years since, he has seen PERF, now known as the Indiana Public Retirement System (INPRS), gain yearly clean financial opinions from its auditors and become part of an eleven-plan $34 billion retirement system serving nearly a half million Hoosiers and their families.
On December 13, 2018, Cochran chaired his final meeting of the INPRS board, having announced his intent to retire some weeks earlier. “I am proud of what we have accomplished for the thousands of public employees we serve, as well as Hoosier taxpayers who help make retirements possible for public servants,” Cochran said. “We have gone through some difficult times, and some challenging opportunities, but now Indiana’s pension system is among the most solid in the nation.”
Cochran chaired the board for nearly 14 years. He was nominated to the board by the Indiana State Senate, and has served under three Governors – Governors Daniels, Pence and Holcomb. Cochran previously served eight years as Senior Executive Assistant and Chief of Staff to Governor Robert D. Orr. In 1989, Cochran was a founder of HSE Utilities, an investor-owned public utility with service areas in Fishers, Noblesville and Zionsville. He remains President of the company, having served in that role since the company’s founding. He is also the current Chair of the Board of Indiana 811, the one-call system for underground utility locating in Indiana.
Cochran is a native of Parke County, Ind., and a graduate of Rockville High School and the Indiana University School of Business. He and his wife, Mary, maintain homes in Indianapolis and at the family farm near Montezuma, IN. They have two daughters.
With approximately $34 billion in assets under management at fiscal year-end 2018, INPRS is among the largest 100 pension funds in the United States. The fund serves the needs of approximately 460,000 members and retirees representing more than 1,200 employers including public universities, school corporations, municipalities and state agencies.