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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]
In many states, public employee pension plans are known as Public Employee Retirement Systems (PERS). Pension benefits may or may not be changed after an employee is hired, depending on the state and plan, as well as hiring date, years of service, and grandfathering. Retirement age in the public sector is usually lower than in the private sector.
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Mandatory state pension fund: Voluntary individual pensions United Arab Emirates: No: Social insurance system: N/A: N/A United Kingdom: Basic pension: Social insurance system: Occupational schemes: Voluntary individual pensions: Stakeholder pensions; Group personal pensions; Self-invested personal pensions United States: Social assistance
Indiana State Police Pension Trust v. Chrysler LLC was a lawsuit brought in United States federal court June 2009 by several pension funds against Chrysler LLC and the United States Department of the Treasury , to block the planned sale of Chrysler LLC assets to a "New Chrysler" entity in the Chrysler bankruptcy .
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.
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