This edition of Retiree News covers end of the year reminders, the 2026 benefit payment calendar, and more!
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View the 2026 Benefit Payment Calendar
Keep this year’s payment calendar on-hand for important reminders and payment date differences. In general, TRF benefits are paid on the 1st of the month while PERF benefits are paid on the 15th of the month. If the 1st or 15th falls on a weekend, your payment will be mailed on the prior business day. If you have direct deposit, the deposit is generally made on the same day as the payable date.
If you receive your checks in the mail, the checks will be mailed out before the payment date but are not guaranteed to arrive by that date.
To update your payment preferences to direct deposit, log on to your account at myINPRSretirement.org. If you have questions, please call (844) GO-INPRS.
Senior Refund Form Conveniently Available Online
The Indiana Department of Revenue is making it easier for eligible seniors to claim the Unified Tax Credit for the Elderly by adding it to INTIME, our online customer portal.
To claim the credit, eligible Hoosiers must complete Form SC-40. You can find Form SC-40 under the “Where’s My Refund?” panel on the front page of INTIME. You don't need an account to access the form.
Indiana residents age 65 or older with taxable income of less than $10,000 may qualify for a refund of $40 to $140. Married couples qualify if at least one spouse meets the age requirements and their combined income falls below the limit.
You can submit the form after Jan. 1, 2026. To learn more about the Unified Tax Credit for the Elderly, visit in.gov/dor and search for “seniors.”
End of year reminders:
2025 INPRS Annual Comprehensive Financial Report
The 2025 INPRS Annual Comprehensive Financial Report (Annual Report) is now available. See where pension benefits were paid, view INPRS's performance, and more in this year's report here.
Required Minimum Distributions
Required Minimum Distributions (RMDs) were mailed in November to retirees who are required to receive distributions. Voya, our record keeper, will process a gross distribution on or about December 2025 for your total RMD, less any other gross distributions processed this year up until the date of the RMD.
Note: If you are receiving your first RMD, then your RMD must be made by April 1 of next year, in which case you will need to take an additional RMD by December of next year to satisfy next year's RMD.
Please note, amounts considered RMD payments are ineligible for rollover treatment. For more information regarding RMDs, visit here.
Updated IRS Tables
2026 tax tables may impact your deposit. Your deposit may change in January due to updated IRS tax tables. When the tax tables are posted, INPRS will send an email to retirees on our distribution list.
If you’re reading this newsletter in print and are not on our email distribution list, log on to your account and update your email address to be one of the first to know news and information about your INPRS retirement benefits.
1099s Arrive in January
1099s will arrive in your mailbox and online any time after Jan. 31, 2026. Pay special attention to Box 7 of your 1099 to ensure it is appropriate for your situation. If the “early distribution-no known exception” box is checked, and you believe there is an exception, please consult your tax advisor.