PERF Home

Take this opportunity to register your account at myINPRSretirement.org. Ensure your information is accurate, add any beneficiaries, and make investment elections.

Then make a habit of logging in to your account regularly so that when you do move or your personal email address changes, you can easily keep it updated.

Some employers allow new employees a choice of plans. Those members can elect either the Hybrid or My Choice Plan within the first 60 days of hire. This plan election is irrevocable, whether it's by choice or by default. Election options vary depending on employer.

Contributions

Hybrid

The current composite rate is 11.2% and continues through June 30, 2027. As allowed by the Indiana General Assembly, this rate pertains to all PERF employers for fiscal years 2026 and 2027.

My Choice

The current PERF My Choice Plan contribution rate for both State of Indiana and local government employers is 11.2% and will remain at 11.2% through June 30, 2027.

The breakdown of the 2026 contribution rate for State of Indiana My Choice Plan employers is 4.4% for normal cost and 6.8% for amortization of the unfunded liability, effective July 1, 2025, through June 30, 2026. From July 1, 2026, to June 30, 2027, the breakdown will be 5.0% for normal cost and 6.2% for amortization of the unfunded liability.

For Local Government entities (participating political subdivisions), employers choose how much to contribute to employee accounts, from 0% up to the normal cost of the fund. Beginning Jan. 1, 2026, the normal cost is 4.4% through Dec. 31, 2026. The normal cost as of Jan. 1, 2027, will be 5.0% through Dec. 31.

In addition, local government entities (political subdivisions) must make a supplemental contribution toward the fund's actuarial unfunded liability. The contribution rate is 6.8% through Dec. 31, 2026, and will be 6.2% through Dec. 31, 2027.

Leaving PERF-covered employment does not mean you leave the fund. You still can make changes within your account.

If you're leaving your PERF-covered position, check these things off your list:

• Ensure your contact information is updated if you move or change your email address.

  • Log in to your account at myINPRSretirement.org
  • Select "More Resources" menu on the left side of the screen.
  • Click on "I want to update my contact information."

• Stay up to date on all things INPRS, including any changes to legislation that may impact you.

• If you are changing to another PERF or TRF-covered employer, understand the plans available with your new employer before you make the move.

• Know your options with defined contribution balance and defined benefit eligibility.

• Check out your plan's specific vesting schedule to confirm if your years of service make you eligible for full benefits when you retire.

You are vested in PERF Hybrid after 10 years of creditable service. Certain elected officials may be vested after eight years of creditable service.

You are vested in PERF My Choice after 5 years of participation.

Hybrid

• Know when you can start using your retirement savings.

  Explore your plan's timeline for retirement distribution.

  Once you reach the Required Minimum Distribution (RMD) age set by the IRS, you must take a distribution if you have not separated from employment.

• Know your options for the funds in your DC account.

  • You can leave the funds invested with INPRS until you retire. INPRS will send quarterly statements with your DC investment details, which is an important reason to keep your contact information updated at myINPRSretirement.org
  • You can roll over the funds in your DC to a qualified retirement account, if offered by a new employer, or an IRA. You can choose either a direct rollover of all or part of the taxable portion of your DC, or a direct rollover of all or part of the non-taxable portion of your DC. You should contact the IRA sponsor or the administrator of the plan you wish to roll the money into for information.
  • PERF Hybrid members who are separated from their covered position for at least 30 days may request a distribution of their DC.
  • INPRS is required by law to withhold 20% for federal income taxes from any taxable lump sum distribution paid directly to you. There may be additional tax penalties. Consult a financial advisor for more details.
  • PERF Hybrid members who are at least 59½ years of age and service eligible for normal retirement may request a distribution of their DC.

My Choice

While you can separate from employment and take a distribution at any age, but you must be at least 62 years of age and fully vested to purchase an annuity. Minimum balance requirements may apply.

You can also take in-service distributions if you're at least 62 years of age and fully vested.

Once you reach the Required Minimum Distribution (RMD) age set by the IRS, you must take a distribution if you have not separated from employment.

Login to your personal account at myINPRSretirement.org. You will need to fill out a form and update your account display name.

1. To fill out the form:

   • Navigate to the left-hand side of your dashboard.
   • Select Documents.
   • Click on Plan Forms.
   • Click on Member Data Change form.

2. Download it, follow instructions to fill it out, and return it to INPRS by either:

   • Scanning the completed form and emailing it to INPRS at questions@inprs.in.gov, or
   • Mailing the completed form to INPRS at:
     One North Capitol Avenue, Suite 001
     Indianapolis, IN 46204

3. To update your account display name:

   • On the My Profile page, select Personal Information. Your account display name will be an option that you can edit.
   • Please note: changing your marital status might also result in a change to other personal information, like mailing address and beneficiaries. Those are also found on the Personal Information page so update them as well if applicable.

• You may be eligible to receive service credit for continuous periods of employment for paid leaves of absence. These include:

  • Family and Medical Leave (FMLA)
  • New Parent Leave and Stillbirth Support
  • Worker’s Compensation Leave
  • Disability Leave
  • Military Service

If you’re not eligible for any of the above, you can buy Additional Service (Air-Time), if you are a Hybrid member and are fully vested. You can purchase up to 1 year of service for every 5 years of creditable service.

To report a death – call INPRS or fill out a Death Report.

1. Call INPRS at 1-800-464-6777.

2. To fill out the form:

   • Login to your personal account at myINPRSretirement.org.
   • Navigate to the left-hand side of your dashboard.
   • Select Documents.
   • Select Plan Forms.
   • Select Death Report form.

   • Download it, follow instructions to fill it out, and return it to INPRS by either:

     • Scanning the completed form and emailing it to INPRS at questions@inprs.in.gov, or
     • Mailing the completed form to INPRS at:
       One North Capitol Avenue, Suite 001
       Indianapolis, IN 46204

Hybrid Plan

If you have between 9 and 11 years of creditable service, check with INPRS to verify your actual vested status.

Why? Because vested PERF Hybrid plan members have at least 10 years of covered service, and some elected officials have an 8-year vesting schedule.

Hybrid Plan Types of Retirement:

1. Early Retirement – with a reduced benefit (DB only)

If you have 15 years of service and are age 50 through 59, you are eligible for a reduced benefit amount. The amount of the reduction is a percentage of the full amount based on your age and years of service at retirement.

2. Normal Retirement – minimum age with a full benefit (DB only)

You can apply for full retirement benefits if you:

• Have at least 10 years of service and are at least age 65 or at least age 60 with 15 years of participation, or

• Meet the Rule of 85, which requires that a member be at least 55 years old and their age and years of service total 85.

3. Disability Benefit

You must have earned a minimum of 5 years of service and become disabled while in a covered position. You must also be considered disabled by the Social Security Administration (SSA) and provide INPRS an SSA award letter.

4. Survivor Benefit

If a vested member passes away prior to receiving their pension, their surviving spouse or dependent children qualify for pension benefits.

5. Millie Morgan

You must be at least 65 with 20 or more years of creditable service (while working in a PERF or TRF covered position).

6. Elected Official

You must be at least 55 with 20 or more years of creditable service (while serving in your elected position) with a reduced benefit unless you meet the Rule of 85.

My Choice Plan

My Choice Plans offer only one retirement option.

You're always 100% vested in your fixed 3% mandatory member contributions and any optional contributions you may have rolled into your My Choice plan.

For your employer's contributions, the vesting schedule is:

• 1 year = 20% vested

• 2 years = 40% vested

• 3 years = 60% vested

• 4 years = 80% vested

• 5 years = 100% vested

Submit your retirement application to INPRS at least 90 days before you plan to retire. The maximum retroactive benefit allowed under Indiana law is 6 months.

1. Choose a retirement date.

2. For the application you will need:

   • A personal email address
   • A retirement date
   • A retirement plan option (for the Hybrid Plan)

   • Defined Contribution Option(s):

     • Defer
     • Rollover
     • Lump Sum
     • Annuity
     • Systematic Withdrawal Plan
     • Split balance among the above
   • Survivor and Beneficiary information
   • Tax withholding information
   • Banking information, including account and routing number

3. Know the application submission date.

4. How to apply:

   • Self-Service (myINPRSretirement.org)
   • Call Center (844-464-6777)
   • 1:1 Session (Book an appointment)

13th Check Payments

Members (or survivors or beneficiaries of members) who were retired or disabled on or before Dec. 1, 2025, and are entitled to receive a monthly benefit on July 1, 2026, are entitled to receive a 13th check no later than Oct. 1, 2026, in the amounts shown in the service tiers below, based on the member’s creditable service. If multiple beneficiaries or survivors are entitled to a 13th check payment, the amount is allocated using the same percentages as those used for the monthly benefit.

There is no guarantee of any future 13th checks or future COLAs that the Indiana General Assembly has not yet granted. The Indiana General Assembly may or may not grant future 13th Checks (beyond those specifically granted by HEA 1221) or future COLAs. INPRS is only permitted to grant fully funded 13th checks or COLAs as explicitly provided by the Indiana General Assembly and retirement fund law.

2026 Payment Dates

Your pension payment date is the 15th of each month. If you receive your check in the mail, it will be mailed out before the payment date but is not guaranteed to arrive by the 15th. If the 15th falls on a weekend, your payment will be mailed on the prior business day. If you have direct deposit, the deposit is made on the same day as the payable date. If you have questions, please call (844) 464-6777.

To return to a PERF-covered position, you must have a 30-day separation from your retirement date. Under Indiana law, you cannot have any formal or informal agreements to reemploy in a covered position.

To collect retirement benefits while continuing to work, there are 2 options:

• Millie Morgan – Minimum age of 65 with 20 or more years of creditable service (while working in a PERF or TRF covered position).

• Elected Officials – Minimum age of 55 with 20 or more years of creditable service (while serving in their elected position), with a reduced benefit unless you meet the Rule of 85.