INPRS
INPRS Membership and Investing
- As an employer, what date should we enter into ERM as the hire date for a new teacher?
- How do I find my INPRS Pension Identification (PID) number?
- How do I change my address?
- I am a TRF member. Where can I get my member forms?
- I am a PERF member. Where can I get my member forms?
- How do I contact INPRS?
INPRS Retirement Planning and Eligibility
- I attended a presentation about creating a budget. Where can I find that presentation?
- 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?
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 and 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
- 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?
- Will my investment options remain the same now that the ASA Only plan is the My Choice: Retirement Savings Plan?
- Why was the ASA Only plan’s name changed to the My Choice: Retirement Savings Plan?
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?
Pension Liability and Teacher Raises
- Which TRF fund is impacted by the appropriation?
- How could the TRF '96 defined benefit plan appropriation save schools money?
- Does the TRF '96 defined benefit plan appropriation require school districts to increase teacher pay?
- How do contribution rates work for the TRF ‘96 plan?
- Does this proposal impact current or future retirement benefit payments to teachers?
- Will this proposal impact future COLAs or thirteenth checks to retired teachers?
Employer Contribution Rates and Appropriation Amounts
- What is the employer contribution rate for the PERF Hybrid plan in 2020?
- What are the employer contribution rates for the political subdivision PERF My Choice plan in 2020?
- What is the employer contribution rate for the TRF '96 (TRF Hybrid) Plan in 2020?
- What is the employer contribution rate for TRF My Choice in 2020?
- What is the TRF '96 employer rate change?
- As an employer, what do we need to do for the TRF '96 Fund Changes?
Retirement Medical Benefits Account (RMBA) FAQs
- Who can be a participant in the State of Indiana Retirement Medical Benefits Account (RMBA) plan?
- Who is considered to be a covered dependent in the State of Indiana RMBA plan?
- If I transferred from an agency where I was an eligible employee to a non-eligible employee, do I remain a participant in the RMBA plan?
- Does purchased service credits apply to the State of Indiana Retirement Medical Benefits (RMBA) Plan?
- I am currently receiving disability payments through the state disability insurance plan. I am now eligible for either a normal unreduced retirement benefit or a disability retirement benefit. Will I qualify for the Retirement Medical Benefits Plan?
- When will my spouse and/or dependents receive reimbursements for their RMBA plan qualifying premiums?
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?