You must complete the online retirement application for your RMD through the Retirement Application Center (RAC) by logging into your account at myINPRSretirement.org. If your application isn't completed on time, RMD payments will automatically begin if you have separated from employment and have not begun the distribution process.
Also, if your benefit payments do not begin on time, the IRS may impose a 25% penalty due to late distribution. The IRS could potentially reduce that penalty to 10% if you receive your distribution within a correction window.
For questions regarding your INPRS benefit, contact our Member Advocate Team. If you have tax questions regarding the RMD, please consult with a tax advisor.