Search results
Results From The WOW.Com Content Network
Indiana Public Retirement System (INPRS) is a U.S.-based pension fund responsible for the pension assets for public employees in the state of Indiana.INPRS is among the largest 100 pension funds in the United States, with $47.961 billion in actuarial accrued liabilities and $34.479 billion in actuarial assets as of June 30, 2021.
The monthly pension benefit is determined by salary history, years of service, age, and the retirement option selected. TRF members become vested in the pension benefit after 10 years of qualified Indiana service. Members may purchase service credit for military service, out-of-state teaching, and qualified leaves of absence. [2]
For premium support please call: 800-290-4726 more ways to reach us
The department is managed by the Indiana Superintendent of Public Instruction, an elected office most recently held by Jennifer McCormick until January, 2021. The Superintendent serves as voting member and the chair of the Indiana State Board of Education, an eleven-member body with its ten other members appointed by the Governor of Indiana .
The Indiana State Teachers Association (ISTA) is a statewide professional association and labor union which represents more than 45,000 public school teachers and education support professionals, staff in state higher education institutions, retired educators, and college students preparing to become teachers.
The auditor of state, officially doing business as "the state comptroller", functions as the chief financial officer for the whole of state government. In terms of financial accounting, the auditor of state creates and operates the statewide accounting system, maintains a record of revenues, expenditures and balances by state fund, collects debts owed the state, and prepares various financial ...
Additionally, the treasurer is the vice-chairman of the Indiana Housing Finance Authority and the Indiana State Police Pension Fund. As a member of these boards, the treasurer has a wide range of influence on the state's financial management. [2] The treasurer is also the head of several of the most important state financial organizations.
The position was created in 1851 with the adoption of the Constitution of Indiana, and filled in the first general election following its creation. The position of the Superintendent of Public Instruction was abolished in 2021, being replaced by the Secretary of Education, who is appointed by the governor.