About INPRS
The Indiana Public Retirement System (INPRS) is among the largest 100 pension funds in the United States. We work to serve the needs of our members representing 1,300+ employers including public universities, school corporations, municipalities, and state agencies.
System Overview
The Indiana Public Retirement System (INPRS) is proud to publish our 2025 – 2027 strategic plan. This plan offers a clear strategy that lays out our vision for the future of INPRS and the members and employers we serve.
7
plans
542,793
members
1,333
employers
$50 billion
assets
On July 1, 2010, the board of trustees of the Indiana State Teachers’ Retirement Fund (TRF) and the Public Employees’ Retirement Fund (PERF) was required to appoint and fix the compensation of a common director for TRF and PERF.
Legislation approving the merging of the administration of funds of the Public Employees’ Retirement Fund (PERF) and the Teachers’ Retirement Fund (TRF) was adopted by the General Assembly and signed by Gov. Mitch Daniels in April 2011. The creation of the Indiana Public Retirement System (INPRS) became effective July 1, 2011. Combined membership totals equal nearly 500,000 members.
Each retirement fund continues as a separate fund under the oversight of a combined INPRS nine-member board of trustees. Individual funded status for each will continue to be calculated separately.
INPRS will administer and manage the plans: Public Employees’ Retirement Fund, Teachers’ Retirement Fund (Pre-1996 Account and 1996 Account), Prosecuting Attorneys’ Retirement Fund, 1977 Police Officers’ and Firefighters’ Pension and Disability Fund, Legislators' Retirement System (Defined Benefit Plan and Defined Contribution Plan), Judges’ Retirement System, State Excise Police, Gaming Agent, Gaming Control Officer and Conservation Enforcement Officers’ Retirement Plan
INPRS will also oversee three non-retirement funds including the Pension Relief Fund, the Public Safety Officers’ Special Death Benefit Fund and the State Employees’ Death Benefit Fund.
Vision
Engaged members able to realize their retirement dreams.
Mission
As fiduciaries, educate stakeholders, collect necessary contributions, and prudently manage member assets to deliver promised DB and DC benefits and services.
Values
People are the foundation of our success. It takes people with different backgrounds, ideas, and strengths to be successful.
Privacy Policy
This website is maintained by the Indiana Public Retirement System (INPRS) as a public service to provide general information about INPRS. Information is summary in nature, is for general education, and does not create, alter or affect any right, claim or entitlement to a benefit under INPRS. The Indiana Public Retirement System has no liability with respect to any actions taken as a result of or in connection with viewing any information here. This website may provide links to other sites that may be useful or of interest to users for informational purposes only. INPRS is not responsible for the content or privacy practices used by other site owners, and users are cautioned to exercise their own best judgment before sending personal or confidential information over the Internet. INPRS is governed by the laws of the state of Indiana. While every attempt has been made to verify that the information on this website is correct and up-to-date, INPRS does not make any representation or warranty as to the completeness or accuracy of any information provided. Website content does not constitute legal advice, and nothing herein should be considered a legal opinion. In the event of a discrepancy between information on this website and the laws of the state of Indiana, the applicable state law shall apply. Users of this website are advised to contact INPRS directly for specific information relating to benefits and to confirm the accuracy and completeness of the posted information.
INPRS Leadership
Meet Our Executive Director
Steve Russo was appointed as the Executive Director for PERF and TRF (now INPRS) on May 10, 2010. Russo had been TRF's Executive Director since 2008. He's a graduate of Purdue University. His career has included leadership roles with the Naval Avionics Center and technology company Thomson.
Executive Team Members
Chief Audit & Risk Officer
Keith Hall
Chief Financial Officer
Robert Corne
Chief Investment Officer
Scott Davis
Deputy Executive Director
Tony Green
Chief Legal, Procurement, & Compliance Officer
Jeff Gill
Chief Human Resources Officer
Joy Smith
Chief Benefits Officer
Matt Ackerman
Chief Information & Technology Officer
Steven Barley
Chief Communications Officer
Derek Benson
Chief Strategic Initiatives Officer
Cheryl Harding
Board of Trustees
The INPRS Board is made up of up to nine members. By law, these members are appointed by the governor or hold office ex officio.
The Board sets employer contribution rates. They also decide investment asset allocations, provide actuarial valuations, and much more. However, the Board cannot add, change, or delete benefits without the approval of the Indiana General Assembly.
Board Governance Manual| Meeting Date | Meeting Time |
|---|---|
| Friday, February 27, 2026 | 10 a.m.-2 p.m. |
| Friday, April 24, 2026 | 10 a.m.-2 p.m. |
| Friday, June 26, 2026 | 10 a.m.-2 p.m. |
| Friday, September 11, 2026 | 10 a.m.-2 p.m. |
| Friday, October 30, 2026 | 10 a.m.-2 p.m. |
| Friday, December 11, 2026 | 10 a.m.-2 p.m. |
Brian Abbott
Riverview Middle School, Huntington County Community School Corporation
Nomination/Appointment: Speaker of House/Governor
Current Term Start Date: 7/1/2026
Current Term End Date: 6/30/2030
Barry Gardner
Director of School Services
Nomination/Appointment: Senate Pro Tempore/Governor
Current Term Start Date: 7/1/2026
Current Term End Date: 6/30/2030
Daniel Elliot
Indiana Treasurer of State
Nomination/Appointment: Self-nominated/Governor
Current Term Start Date: 2/20/2023
Current Term End Date: 6/30/2027
Elise Nieshalla
Indiana State Comptroller
Nomination/Appointment: Self-nominated/Governor
Current Term Start Date: 12/8/2023
Current Term End Date: 6/30/2027
Vivienne Ross
Senior Tax Manager, Bottom Line Advisors LLC
Nomination/Appointment: Senate Pro Tempore/Governor
Current Term Start Date: 7/1/2024
Current Term End Date: 6/30/2028
Michael Pinkham
Retired Firefighter, City of Fort Wayne
Nomination/Appointment: Speaker of House/Governor
Current Term Start Date: 7/1/2024
Current Term End Date: 6/30/2028
Chad Ranney
State Budget Director
Appointing Authority: Governor
Current Term Start Date: 8/13/2025
Current Term End Date: 6/30/2027
Financial Reports
| Document title | Fund | Year | Document |
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