The planned change adjusted the investment allocations by increasing equity exposure and inflation-linked bond exposure throughout the glide path, reducing fixed-income and stable value exposure, and transitioning the glide path to a “through retirement” construction.
These changes were made to better address a more comprehensive set of risk factors that could potentially impact members’ retirement outcomes, as referenced in INPRS’s Investment Policy Statement.
To achieve a “through retirement construction,” two new funds, the 2010 and 2015 Fund, were created. These funds are designed to seek higher expected returns into your retirement years compared to the old Retirement Fund.
For more details on the difference between each fund’s asset allocation prior to and after the changes, please view the tables below: