On April 26, 2024, the INPRS Board of Trustees approved an employer contribution rate of 6.5 percent for the TRF Hybrid and TRF My Choice plans effective Jan. 1, 2025, through Dec. 31, 2025. This new rate will be applied to all payroll dates that occur after Jan. 1, 2025. The normal cost will remain at 6.0 percent and the supplemental cost will be 0.5 percent.
From Jan. 1 through Dec. 31, 2026, the TRF My Choice contribution rate will be 7.1 percent with a breakdown of 6.3 percent normal cost and a supplemental cost of 0.8 percent.