Pension relief ends 2/5/2021. Please ensure your police or fire submission unit contacts are up to date in ERM as quickly as possible, including contact type labels applied appropriately. Our Employer Advocate Team uses this contact information to provide pension relief documents to suitable contacts within the unit.
If you need any assistance in updating your contacts in ERM, please call our Employer Advocate Team at 888-876-2707.
Missing this step will earn you a headache
To say goodbye to needless work-related headaches, you must update your contacts in ERM as soon as you have a staffing change. When you keep your list updated, INPRS knows who to send important information to. Please remember, you cannot delete a previous contact with your unit. Instead, you can make a previous employer contact inactive and disabled in ERM.
As always, you can contact the Employer Advocate Team at (888) 876-2707 for assistance.
Be Aware of These Stimulus Payment Scams
Just before the new year, the Internal Revenue Service (IRS) and Treasury Department began delivering a second round of Economic Impact Payments (EIP) as part of the Coronavirus Response and Relief Supplemental Appropriations Act of 2021 (CARES) to eligible Americans. To make sure you stay safe from potential scams, read the Indiana MoneyWise Matters Blog post here.
Senate Enrolled Act (SEA) 10 effective Jan. 1
Effective Jan. 1, 2021, active members of LE DC, PERF Hybrid, PERF My Choice, TRF Hybrid, and TRF My Choice may take in-service distributions of their defined contribution accounts if they meet specific requirements. To qualify:
LE DC members must be at least 59 ½ years of age.
PERF Hybrid and TRF Hybrid members must also be at least age 59 ½ and meet age and service eligibility for normal retirement to qualify.
PERF My Choice and TRF My Choice members must be at least 62 years of age and have five qualifying years of service.
Additionally, PERF and TRF members who are age and service eligible for normal retirement no longer have to wait 30 days after separation from a covered position to withdraw an amount from their defined contribution account.
View your online member handbook or contact our Member Advocate Teams at (844) GO-INPRS or (844-464-6777) for more information.
Encourage Your Employees to Register for our Webinar Presentations
Do your employees want to learn more about their investment options, how their plan works, or ways to budget? We can help! INPRS offers online webinars covering topics important to your employees, including:
Understanding Your PERF/TRF Plan
Positive Money Habits
PERF/TRF Retirement Benefits
Asset Allocation & Investment Basics Education
1977 Police and Fire Fund webinar
Let your employees know about these education opportunities by sending them this information in your next all-staff email. Have them visit here to register for a webinar.
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