INPRS
INPRS Membership and Investing
- What does the Target Date Fund name mean?
- Where can I get more information about the Target Date Fund changes?
- What are Target Date Funds?
- What is the difference between investing "to retirement" vs. "through retirement"?
- What is the difference between the old Target Date Funds and the new ones?
- I don't want my Target Date Fund allocations to change- who do I talk to?
INPRS Retirement Planning and Eligibility
- Why will my PERF or TRF monthly joint and survivor benefit amount decrease if I retire later?
- I'm a My Choice plan member. How can I receive an online retirement benefit estimate?
- I'm a non-vested PERF Hybrid plan member. How can I receive an online retirement benefit estimate?
- I'm a non-vested TRF member. How can I receive an online retirement benefit estimate?
- I'm a vested TRF member. How can I receive an online retirement benefit estimate?
- I am a vested PERF Hybrid plan member. How can I receive an online retirement benefit estimate?
INPRS Annuity Information
- What fees are associated with annuitizing with MetLife?
- Does the MetLife quoted annuity amount include a commission?
- Why is there a difference between the monthly annuity payment offered through INPRS vs. that of MetLife?
- How is this annuity provider change beneficial to INPRS' members and Hoosier taxpayers?
- How did this annuity provider change come about?
- I read that INPRS’ Defined Contribution (DC) accounts are now being managed by MetLife. Is this true?
TRF My Choice Plan
- What is the difference between TRF Hybrid vs TRF My Choice Retirement Savings Plan?
- Are substitute teachers eligible to enroll?
- Does the gross annual payroll percentage remain the same or does it change?
- What happens if an employee fails to make an election in TRF Hybrid or TRF My Choice: Retirement Savings Plan?
- How much can employers pay into the TRF My Choice: Retirement Savings Plan?
- What is the TRF My Choice: Retirement Savings Plan supplemental rate?
PERF Hybrid Plan and My Choice: Retirement Savings Plan
- What is the 2019 My Choice: Retirement Savings Plan supplemental rate?
- What is the 2018 My Choice: Retirement Savings Plan supplemental rate?
- Do you have a video that shows the difference between the PERF Hybrid and My Choice plans for state of Indiana employees?
- Do you have a video that shows the difference between the PERF Hybrid and My Choice plans for employees of political subdivisions?
- What’s the difference between the PERF Hybrid plan and the My Choice: Retirement Savings Plan?
- Will the ASA Only plan name change to My Choice: Retirement Savings Plan affect my existing account?
New INPRS Self-Service Secure Website
- When I log in to my INPRS account at myINPRSRetirement.org, I'm redirected to voya.com. Should this be happening?
- Why can't I find a retirement application on the INPRS website?
- Why have you changed payers to State Street Corporation?
- Will my tax withholding change?
- Will I still get my retirement benefits on time?
- When will I get my 1099-R form?
Governor SoS Address Pension Liability and Teacher Raises
- Which TRF fund is impacted by this proposal?
- How could this proposal save schools money?
- What could this proposal mean to teacher’s pay?
- Does this proposal require school districts to increase teacher pay?
- How do contribution rates work for the TRF ‘96 plan?
- Will this proposal apply to charter schools?
501 Health Reimbursement Arrangement (HRA) Plan
- Can my retiree health reimbursement account (501 account) be used to reimburse me for the cost of insurance premiums for coverage provided on the ACA exchange (the “Marketplace”)?
- I only received an annual letter from Social Security outlining the payments being taken from my monthly stipend. Is it possible to be reimbursed on a monthly basis?
- What happens if I have an interruption in state service 2 years from now after accumulating several thousand dollars in my account? What if I return 3 years later & eventually receive an unreduced retirement benefit & have more than 15 years of service?
- What happens if I do not have an interruption in state service and move from one participating employer to another?
- What happens to my HRA account if I leave state employment before I retire?
- I am a covered dependent of a participant eligible for normal, unreduced retirement on the date of his/her death. Are my qualifying premiums eligible for reimbursement?
Employer Contribution Rates and Appropriation Amounts
- Is INPRS going to allocate any funds to the supplemental reserve account?
- What are the surcharge rates for the supplemental reserve accounts?
- If we are a political subdivision, what is the employer contribution rate?
- What is the new rate for the PERF State My Choice plan?
- What are the appropriation requests for 2020 and 2021?
- When will the employer’s contribution come into effect for 2020?
Inflation Linked Fixed Income Fund Management Change
PERF and TRF AMS
- I recently left my job. What happens with my money?
- Who is on the INPRS Board and how do they relate to me as a member?
- What does the section “reduced benefits” mean?
- What is the difference between my primary and contingent beneficiaries?
- How do I know if I’m an active or inactive member?
- Do I have to purchase an annuity through MetLife?
Changes to the CDBA fund
LEDC Loans
- How soon after returning from an approved leave of absence or qualified military leave do I have to resume payments on my LEDC loan?
- I am on an approved leave of absence or a qualified military leave. Do I have to repay my LEDC loan while I am on leave?
- Can I take out another loan on my LEDC account?
- Are LEDC loan payments made with before-tax dollars, like contributions?
- How long will I have to repay the LEDC loan?
- Can I make my LEDC loan payment by payroll deduction?
Balanced Budget Amendment 2018
- Were pension funds funded by some other method than actuarially before?
- Why did INPRS make a statement about the budget amendment?
- Is there a current legislation that specifies the level of pension funding that the state must allocate in each plan? If so, what is the funding level?
- If this amendment passes, does it affect the State’s ability to budget money toward pensions fund payouts?
- What is INPRS’s stance on the balanced budget amendment?
- What does “pay-as-you-go” mean?
Employer Joining Process FAQs
- How do I join the ’77 Fund as an employer?
- I am a turnaround school. How do I join the Public Employees’ Retirement Fund (PERF) and the Teachers’ Retirement Fund (TRF)?
- I am a public school. How do I join the Teachers’ Retirement Fund (TRF)?
- I am an employer. How do I join the Public Employees’ Retirement Fund (PERF)?
- I am an employer. When is my actuarial survey due?
- I am an employer. When will the Board approve my resolution?
Employer Reporting and Maintenance
- If I have missing members from my wage and contribution reports, what do I do?
- Can I submit payroll adjustments in ERM at any time, or do they need to be included with a regular wage and contribution report?
- Are state agencies whose current reporting is taken care of by the Auditor of State and the State Personnel Department required to report with ERM?
- Do contributions get to employees’ accounts faster using ERM?
- How do employers who have employees on different payroll cycles report in ERM?
- How do I set up or confirm my ACH bank account in ERM?
Tax Basis Recovery FAQs
- Will I be taxed twice if I choose to take a lump sum distribution of my INPRS account at retirement?
- How are my taxes affected if my voluntary ASA contributions are all post-tax?
- What IRS requirement states that a portion of my non-taxable benefit must be recovered over the life of my pension?
- How will it affect my taxes if I combine my annuity savings account with my pension at retirement and a portion is supposed to be non-taxable?
- How does a post-retirement rollover to an IRA or qualified plan at retirement affect my taxes?
- How does a lump sum payment at retirement affect my taxes?