There is no impact on current and future recipients of any INPRS administered Defined Benefit (DB). DB plan benefits are based upon a member’s years of service and/or compensation, not investment returns. Members of INPRS administered Defined Contribution plans have been minimally impacted. DC fund exposure to Russian-related investments across all INPRS DC funds was 0.09%.
Losses have been more than offset by other diversifying parts of the portfolio that have held up well during this most recent market volatility.