On May 7, 2021, the Indiana Public Retirement System (INPRS) Board of Trustees today lowered its target investment rate of return assumption to 6.25% and approved a revised asset allocation designed to achieve the new target.
The target return was lowered from 6.75%, which was previously set in 2012 and reaffirmed in 2015. This return continues to be among the lowest among public pension plans. The new allocation reduces exposure to the absolute return asset class while increasing exposure to real assets and risk parity, which provides a diversified allocation across public asset classes.
Members will experience the same level of service from INPRS as well as the same pension benefit calculations.