No. INPRS continues to manage members’ DC accounts (Defined Contribution accounts - the portion of a members’ benefit which receives contributions from employers, employees, or both, and is invested based on the members’ choices). These accounts have not been transferred to MetLife.
Beginning in 2018, retiring INPRS members wishing to annuitize the balance of their DC have the option to purchase an annuity through MetLife or any other provider of their choosing. Currently, INPRS has the ability to issue annuities to their members directly and will no longer do so after Jan. 1, 2018.